Australian (ASX) Stock Market Forum

Thought for the day

The ice cold sharp financial winds continue to blow from the Americas and Europe. Take care my friends that you bend with the wind and are not snapped off by it.
 
Given the incompetence in Washington and on Wall Street,our best hope is that the rest of the world is less competent and even in deeper trouble.In this event,the U.S.dollar might survive as the least valueless fiat currency.
Paul Roberts,former Assistant Secretary of the Treasury in the Reagan administration.
 
If the question raised does not make sense then ignore it completely and absolutely.

Never be dragged down by a person who perceives you to be a fool, even if you are.

It is hard at times to ignore a person who makes your post look foolish by lies or even extracts part of a post to mislead. If you are going to answer, then leave it 'till tomorrow and then you'll find there is less need to go back to it, and it is surprising what wisdom you have 24 hours later.
 
It's easy to miss the important world events whilst indulging the general waffle of life.
 
What is failing to want to believe the obvious? In favour of believing what is just not true, because you will be thought better of.
 
Protecting yourself, without stipulating that you want foreigners to be ignored or locked out, is not protectionism.

However, if you tell the truth, that is, you want them shut out, it is protectionism.

It is not protectionism to shore up an industry that's failing, even if you know there is little foreign opposition in the market.

If you shore up an industry and at the same time know you're helping a lot of foreign companies, you are not a protectionist, no, you're a damned fool.
 
I've got a good idea to save the world. One currency, the US$, print loads and loads of it and share it out, and then everyone will have very many fistfuls and be very rich and happy?
 
As you travel faster and faster down the ever steeper financial slope there is less and less chance of getting off unhurt.
 
An oldie but a goodie-

If you are distressed by anything external, the pain is not due to the thing itself, but to your estimate of it; and this you have the power to revoke at any moment.
-Marcus Aurelius (A.D. 121-180)
 
Keep the cash piled up and keep adding to it. Whilst waiting and listening carefully for the little bell to ring.
 
There is a basic law that like attracts like. Negative thinking definitely attracts negative results. Conversely, if a person habitually thinks optimistically and hopefully, his positive thinking sets in motion creative forces -- and success instead of eluding him flows toward him. -Norman Vincent Peale
 
History always repeats itself twice: First time as tragedy, second as farce - Karl Marx 1818 - 1893
 
Nothing is more difficult, and therefore more precious, than to be able to decide. ~Napoleon Bonaparte
 
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