Bernanke press conference

[Pancho Villa]

That's a good point. They waited until the "right" time to release it.

Bernanke always seems to be vague and it pisses me off that they don't come out and say what they are doing and we have to try and decipher it

The problem with that is, if Bernanke says "Either the government is going to cut spending by at least a trillion dollars -or- we will experience severe inflation in the near-term future" there would be a huge panic, the markets would crash and everyone would flee like hell from the dollar, since everyone knows that the chances of this group of clowns cutting federal spending to something approaching what we can pay for is nil.

So he's kind of stuck trying to convey information in the vaguest way possible, because someone in his position can very easily cause a market plunge.

Is now a good time or a bad time to take out a loan?

I AM NOT A FINANCIAL ADVISOR. Neither is anyone else here. Don't go taking advice off the interbutts for serious financial stuff.

The issue is this: we know the level of spending is unsustainable. What we DON'T know is how long it can last. 6 mos? 1 year? 5 years? 10? There are arguments for a variety of timelines that I frankly do not have the economic knowledge to judge with any degree of certainty. I am pretty confident that it WILL happen, in the short to medium term future, but couldn't tell you beyond that.

I have had some pretty smart hombres tell me that they are no longer buying up commodities and have tons of cash on hand, waiting for the stock market to crash again, at which point they plan on buying into gold/silver again.

Those guys could be wrong, though. The best advice is to start learning yourself, doing research, and above all never just taking someone's word for it when it comes to investing your money.

[KevDen2005]

I completely agree that the market can depend greatly on what he says. It is always in everyone's best interest for the Fed to come out and say "we are doing well."

[Mtn.man]

Cash is worthless just paper printed to extreme.
Gold and Silver can be used as it has been for 1000's of years to buy anything.
A little can go along way.
As for Bernie he is manipulated by the powers that control the economy and will say what they want him too.
I have said it before read The Creature From Jekyll Island and see who really controls the world economy and why.

[TFOGGER]

I miss Alan Greenspan...

[ChunkyMonkey]

I AM NOT A FINANCIAL ADVISOR. Neither is anyone else here. Don't go taking advice off the interbutts for serious financial stuff.

We have 2 members who are financial advisors, at least another one in the banking that I know of. A bunch in real estates, a few including Irving at one point in insurance and so on. If there is any group to network with, I would rather work with gun owners than a stranger in a fancy office. I personally have networked and done business with at least a dozen on this site on non gun related matters.

[Pancho Villa]

We have 2 members who are financial advisors, at least another one in the banking that I know of. A bunch in real estates, a few including Irving at one point in insurance and so on. If there is any group to network with, I would rather work with gun owners than a stranger in a fancy office. I personally have networked and done business with at least a dozen on this site on non gun related matters.

No one who posted here identified themselves as an FA.

Its cool if you want to go inand get actual financial advice from a veteran expert, but I wouldn't take any advice on any inet message board.

My personal opinion. Your money is your money, do with it what you will.

[ChunkyMonkey]

No one who posted here identified themselves as an FA.

Its cool if you want to go inand get actual financial advice from a veteran expert, but I wouldn't take any advice on any inet message board.

My personal opinion. Your money is your money, do with it what you will.

Come out to a meet next time around Pancho. Noone said taking advice from the board blindly. Internet is a communication medium, so communicate

[Pancho Villa]

Come out to a meet next time around Pancho. Noone said taking advice from the board blindly. Internet is a communication medium, so communicate

Been meaning to. Taking care of debt + getting a new business off the ground has been tough on my free time and finances. But I'll get out to one of these competitions or meets sooner rather than later.

[Hoosier]

Been meaning to. Taking care of debt + getting a new business off the ground has been tough on my free time and finances. But I'll get out to one of these competitions or meets sooner rather than later.

What's your new biz?

I bought ZSL the Ultra Short Silver stock before the fed announcement, hoping that they'd say what needs to be said to forestall the drop in the dollar -- when that came out and didn't say anything, I dumped it at a loss of about $50. I'm keeping an eye on it though, I think Silver has gotten much higher than it should be, I expect a correction at some point. The dollar inflation doesn't explain how high silver has gotten.

Anyone play Forex? I've been poking around with dummy money for the last day, so much volatility in the dollar.

H.

[Mtn.man]

I've dabbled with it.
Penny stocks are more fun.