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My favorite teams
Which is why I use Vangaurd Index funds. Right now I just have the S&P 500, but I'll be getting a small cap next.
Which is why I use Vangaurd Index funds. Right now I just have the S&P 500, but I'll be getting a small cap next.
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Ditto.
AussieBear
Guest
THE world could be headed towards a new global financial crisis similar to that which decimated markets in 2008, says billionaire investor George Soros.
Speaking at an economic forum in Sri Lanka Thursday, the 85-year-old drew similarities between the current economic environment and the financial crash of 2008.
“When I look at the financial markets there is a serious challenge which reminds me of the crisis we had in 2008,” he said.
“Unfortunately China has a major adjustment problem and it has a lot of choices and it can actually transfer to the rest of the world its own problems by devaluing its currency and that is what China is doing,” Soros said of the world’s second largest economy.
His speech came as world markets tumbled and oil prices reached new lows after China suspended its stock market when shares fell more than seven per cent for the second time this week.
“We are facing a very serious transitional problem which is quite recent and it is, I would say, (a situation) that amounts to a crisis, and we are at the beginning of that,” Soros said.
read the rest........
Speaking at an economic forum in Sri Lanka Thursday, the 85-year-old drew similarities between the current economic environment and the financial crash of 2008.
“When I look at the financial markets there is a serious challenge which reminds me of the crisis we had in 2008,” he said.
“Unfortunately China has a major adjustment problem and it has a lot of choices and it can actually transfer to the rest of the world its own problems by devaluing its currency and that is what China is doing,” Soros said of the world’s second largest economy.
His speech came as world markets tumbled and oil prices reached new lows after China suspended its stock market when shares fell more than seven per cent for the second time this week.
“We are facing a very serious transitional problem which is quite recent and it is, I would say, (a situation) that amounts to a crisis, and we are at the beginning of that,” Soros said.
read the rest........
JimJohnson
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Number and Omy obviously know more than Soros though. They're making $8 an hour at McDonald's and investing in Vanguard Index Funds.
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Glad you were up at 4 a.m. to think of this sick burn
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My favorite teams
Is it possible that I have misread JJ? Could he actually be some high level, big time financial hot shot?
Every time he posts I picture an incompetent janitor. Really fucked up, wrong end of the mop kind of guy.
Every time he posts I picture an incompetent janitor. Really fucked up, wrong end of the mop kind of guy.
JimJohnson
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Yup that's me. Walking the halls of my local JUCO in the wee hours of the morning. Mop in one hand, IPAD in the other, typing away on CCS.
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I always figured you just slammed your face into the keyboard until words came out, good to know I was right.
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:lmao:
JimJohnson
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Ditto on the mutual funds, have both USAA and Vanguard funds
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lol
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**** yes! Hi Grim.
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Hey! Miss u bud.
When is HHM's permaban being lifted?
How's modlife in general? It's been a few months...
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HHM is out of my control. I wish he was still here but there are a few rules or chaos. The mod thing has been quite the ride. It was hard when so many people seemed to hate me when I didn't start out so well. It's fun now. Got a lot of help from Scoot. Good guy. Stick around this time.
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And just like that, he's gone.
Is it time we stopped blaming that dork Scoot, and started blaming this new aged dork Urblock?
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No, we still blame Scoot... Scoot is the root of all evil.
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