Where is the US economy headed?

Miller wrote:

The direction is up, but these wild swings 400+ then 300- are going to give me an ulcer...

Then you should stick with bonds, T-bills and cd's avoiding the dignity and profit potential of risk.

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Hey dys, "Dignity and profit potential of risk?" First time I've heard it said there was "dignity" in risk.

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behold the turtle, he makes no progress unless he sticks his neck out.

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THE DIGNITY OF RISK

What if you never got to make a mistake?

What if your money was always kept in an envelope where you couldn't get it?

What if you were never given a chance to do well at something?

What if your only chance to be with people different from you was with your own family?

What if the job you did was not useful?

What if you never got to make a decision?

What if the only risky thing you could do was act out?

What if you couldn't go outside because the last time you went it rained?

What if you took the wrong bus once and now you can't take another one?

What if you got into trouble and were sent away and you couldn't come back because they always remember you're trouble?

What if you worked and got paid $.46 an hour?

What if you had to wear your winter coat when it rained because it was all you had?

What if you had no privacy?

What if you could do part of the grocery shopping but weren't allowed because you couldn't do all of the shopping?

What if you spent three hours every day just waiting?

What if you grew old and never knew adulthood?

What if you never got a chance?

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THE DIGNITY OF RISK
...is about life's choices.

What if you never got to make a mistake?
How can we learn, but by our mistakes.

What if your money was always kept in an envelope where you couldn't get it?
Money under the mattress has been known to have saved some people from bankruptcy during the depression.

What if you were never given a chance to do well at something?
Everything we do in life is a risk.

What if your only chance to be with people different from you was with your own family?
Family counts, but friends enrich our lives.

What if the job you did was not useful?
If it paid well, and we're happy, what does it matter?

What if you never got to make a decision?
We make a decision to cross the street.

What if the only risky thing you could do was act out?
Acting out sometimes relieves stress, and can ultimately be healthy.

What if you couldn't go outside because the last time you went it rained?
There's always a rainbow.

What if you took the wrong bus once and now you can't take another one?
I've been known to take the wrong bus and the wrong train, but they added to the enrichment of my travels.

What if you got into trouble and were sent away and you couldn't come back because they always remember you're trouble?
It's the risk one takes.

What if you worked and got paid $.46 an hour?
I'd be a beach bum.

What if you had to wear your winter coat when it rained because it was all you had?
At least I had a coat to wear.

What if you had no privacy?
I don't demand privacy 24/7.

What if you could do part of the grocery shopping but weren't allowed because you couldn't do all of the shopping?
Tell that to my wife.

What if you spent three hours every day just waiting?
I've been known to do that.

What if you grew old and never knew adulthood?
Growing old is bettern than being dead.

What if you never got a chance?
Sometimes chance comes to you without even looking.

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Quote:

Growing old is bettern than being dead.

How do you know this?

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Why don't you give it a try, and let us know how it is no void land.

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cicerone imposter wrote:

Why don't you give it a try, and let us know how it is no void land.

You're the one who said this, so why don't you run the experiment?

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The Dignity of Risk, dys, was good. I pondered over some of them for awhile.
Some of yall may know that when I was young and quite foolish (1972-74) I walked and hitch-hiiked--or rode on the roofs of trains--from Cairo to Capetown. Some pretty desperate places. Sudan. Ethiopia.
I travelled for a bit with this guy from England, Simon. And one day, as we watched folks eke out a meagre existence in Ethiopia, Simon said, "We have the luxury of choice."
That thought has stayed in my head ever since. The "luxury of choice" and the "dignity of risK" are actually quite closely related.

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dyslexia wrote:

Then you should stick with bonds, T-bills and cd's avoiding the dignity and profit potential of risk.

A good mix is 60% stock + annuities
40% bonds + cash

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parados wrote:

okie wrote:
Heres my contribution, and put as much money on it as the advice cost you, but oil in the ground is not going to depreciate. I do not think energy stocks can miss in the long term. I realize they have risen considerably in the last couple of years, but when is the bottom going to drop out of the price of oil? I doubt it could happen.

Put your money in buggy whips. As the country grows people will only travel more and need more buggy whips. When is the bottom going to drop out of buggy whips? I doubt it could happen.

Technology could well make oil obsolete. While present oil companies have an advantage with the cash to buy into the new technology, there is no guarantee they will or if they will survive any change in technology.

Hmmm.... Parados, do you seriously think oil is going away like buggy whips. And to be honest, buggy whips are still sold and probably sell for alot more than when cars came on the scene. I don't think oil is going away anytime soon. Plus energy companies are diversified into whatever has potential and they will shift emphasis as demand shifts emphasis.

P.S. I think we have all discovered the hot button of dyslexia. Its money and investments.

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Miller wrote:

dyslexia wrote:
Then you should stick with bonds, T-bills and cd's avoiding the dignity and profit potential of risk.

A good mix is 60% stock + annuities
40% bonds + cash

Miller wrote:

How do you know this?

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okie wrote:

Hmmm.... Parados, do you seriously think oil is going away like buggy whips. And to be honest, buggy whips are still sold and probably sell for alot more than when cars came on the scene.

Since this is a thread on the economy, one would expect you to understand about inflation okie. But even without inflation I don't think you will find too many buggy whips that cost more than the first cheap car, the model T, that sold for $825 in 1908.

Quote:

I don't think oil is going away anytime soon.

Who said anytime soon but eventually it will go away. Buggy whips were probably sold for several hundred years.

Quote:

Plus energy companies are diversified into whatever has potential and they will shift emphasis as demand shifts emphasis.

DUH.. why did you repeat something I said as if it was new information?

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CI:

Quote:

Growing old is bettern than being dead.

Miller Quote: How do you know this?

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maporsche wrote:

Miller wrote:
dyslexia wrote:
Then you should stick with bonds, T-bills and cd's avoiding the dignity and profit potential of risk.

A good mix is 60% stock + annuities
40% bonds + cash

Miller wrote:
How do you know this?

What are you trying to tell us?

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Miller, Why don't you try dead, then report back to us how it is.

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Miller wrote:

maporsche wrote:
Miller wrote:
dyslexia wrote:
Then you should stick with bonds, T-bills and cd's avoiding the dignity and profit potential of risk.

A good mix is 60% stock + annuities
40% bonds + cash

Miller wrote:
How do you know this?

What are you trying to tell us?

Just curious if in addition to being an expert on everything Universal Healthcare, you are also an expert financial planner who, w/o knowing anything about anyone's portfolio, estate, risk tolerance, retirement goals, family obligations, plans, etc, have offered such generic advice about something that has no generic answer.

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maporsch, I have a clue for you; Miller is no "expert" on most of the things she opines about. It's obvious from most of the posters who challenge whatever she says.

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cicerone imposter wrote:

maporsch, I have a clue for you; Miller is no "expert" on most of the things she opines about. It's obvious from most of the posters who challenge whatever she says.

She's having a hard time reading on another thread too. I think she's coming down with the flu or something.

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Well, I would say that Miller is at least an expert in ex cathedra statements.

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Where is the US economy headed?

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