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Current Events Help understand the world by talking about things happening in it |
View Poll Results: Who is to blame for recent gas price increases? | |||
Market speculators |
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14 | 40.00% |
Oil companies |
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13 | 37.14% |
Oil producing countries |
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8 | 22.86% |
China |
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10 | 28.57% |
US Automakers |
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9 | 25.71% |
Lack of refining capacity |
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10 | 28.57% |
US government/lawmakers |
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11 | 31.43% |
The Federal Reserve |
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7 | 20.00% |
Dark Markets |
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4 | 11.43% |
TheMercenary |
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7 | 20.00% |
US Consumers |
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12 | 34.29% |
Other |
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13 | 37.14% |
Multiple Choice Poll. Voters: 35. You may not vote on this poll |
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#1 |
Goon Squad Leader
Join Date: Nov 2004
Location: Seattle
Posts: 27,063
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__________________
Be Just and Fear Not. |
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#2 | ||
changed his status to single
Join Date: Apr 2004
Location: Right behind you. No, the other side.
Posts: 10,308
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Quote:
Quote:
i simply pointed out that you were incorrect. inadvertent mistake, i'm sure. my point was that you shouldn't BS your way into making a valid point because then people discount your whole point because they can't trust what you say. You can reframe your assertion now to suggest you only meant the actual dollar value of one share, but that isn't what you said. A person who purchased 100 sh in January of 1976 has not lost money if they still hold those shares. GM sucks, but being a lying bastard sucks more. Now bugger off or I'll have someone tough like Jinx kick you in the cunt.
__________________
Getting knocked down is no sin, it's not getting back up that's the sin |
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#3 |
Not half the God I used to be
Join Date: Dec 2002
Location: everywhere but enjoy the Vets club best
Posts: 120
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May peace, goodwill and oil be with you. And in these recent times of turmoil, perhaps some self defense weapon as well.
I voted Federal Reserve. Sure, there are many groups of people trying to be as powerful as me. There are only a few that come close. The Fed is the closest. |
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#4 |
Read? I only know how to write.
Join Date: Jan 2001
Posts: 11,933
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GM products are so bad that GM took another new low today. Had an investor purchased stock in 1975 - one year earlier - then a 1975 stock holder's capitalization is now negative. Or, in simple terms, so that any financial adviser can understand it. If he bought 100 shares in 1975, then his market value today is negative. This does not include additional losses due to inflation.
How to keep selling cars? Mortgage the future. GM is again offering cars with zero percent financing. Losses due to loans without interest will not affect today's spread sheets. Therefore GM losses today don't look so large. GM products are so poorly designed as to be expensive. Their inferior products must be all but given away. But then 1/4 of GM sales are now discounted to employees, et al. More money games (zero percent financing) avert those losses for years on spread sheets. However even Wall Street sees GM real market value. The 1975 investor has now lost money - now owns a company that is worth less than his original 1975 investment (again - ignoring that the $1 in 1975 has also dropped to 25% of its value). The company called GM has a negative capital return over 35 years assuming today's dollar is same as the 1975 collar. Meanwhile those invested dollars also decreased to 25% of its 1975 value. Just to break even with inflation, the $1 investment in 1975 must be worth $4. How bad are GM products? Those facts were posted previously. Even the accounting demonstrates GM products 10 years ago and today are both crap - facts directly contradicting emotions of other posters. How curious. Automakers did this same thing back in the 1970s - make crappy products that got worse gas mileage every decade. |
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#5 | |
changed his status to single
Join Date: Apr 2004
Location: Right behind you. No, the other side.
Posts: 10,308
|
Quote:
__________________
Getting knocked down is no sin, it's not getting back up that's the sin |
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