inthemoney

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  • The Autos and Mentality That Ruined Detroit
    > GM pays an average of $33 an hour, and those selfish other companies pay a mere $19 plus a host of benefits.

    In the rest of the country one has to get good college education and at least 5 years of experience to make this kind of money. No wonder they are bankrupt.
    Nov 16 18:10 pm |Rating: +4 0 |Link to Comment |View article
  • The People's Republic of America?
    This is why cannot get anything done, it is clear from the posts right above - we cannot get past the blame game: democrats vs. republicans. Remember, we will all go down together.
    Here is a thought for you. Arms race destroyed USSR, now it is destroying the US. We were able to cut defense spending drastically during Clinton times because we used diplomacy to resolve conflicts. Come the latest administration, and everything must be solved by force. Well, diplomacy is much cheaper, military is very expensive.
    I give a pass on the Afganistan war, even though we should've kown it cannot be won ( Britain and Russia already tried). We should've invested in their development somehow, through Pakistan or whatever and unseated Taliban that way.
    Then come Iraq. Everybody said it was going to be a disaster. Now we are stroking flames with Russia.
    We need to stop building an empire and fix our poblems at home.
    Yes, it feels good to froce everyone to submission. Especially, those pesky russians ( I was born in Russia by the way, so this unti-russian sentiment seems completely irrational to me) and iranians. But it is not good for our economy. We should be smarter than this. If our economy crashes, who is going to be the looser?
    Without the wars we would've been so much better off.
    Aug 27 23:14 pm |Rating: 0 0 |Link to Comment |View article
  • Forget $100 a Barrel - Oil Will Plummet to $30
    > btw, India and China are not like the free world (aka USA). Like Singapore, they will slam 1000% tax on SUVs if crude consumption keeps going higher to cut consumption.

    Even with all the taxes they will still buy cars. I am always amazed to see so many expensive cars in Moscow. Especially since you have to pay twice as much for them as in the US. I am sure China is not much different.
    Aug 16 23:43 pm |Rating: 0 0 |Link to Comment |View article
  • Forget $100 a Barrel - Oil Will Plummet to $30
    > When I read this article I thought it was too late to short oil. By the comments posted I see its not.
    ----------------------...
    You are assuming that you can trade commodities 100% on technicals like stocks. You are wrong, commodities have to be actually produced . As other people stated it costs $60 - 70 to produce oil rigth now , it could change in 5 year, but for now you will never see oil below $80 for this reason. Sometimes you can buy stocks, though, much lower than their fair vaue because it is paper, and in panic selling, people sell without any regard for cost. When you are buying commodities, it is not a scared retail investor you have on the other side, it is a producer of the commodities. Of course, with all the hedge funds, the moves are magnified to the extremes, but in the end, you cannot go below cost on commodities.
    Aug 16 23:41 pm |Rating: 0 0 |Link to Comment |View article

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