I was planning to pull my b-school money out of the market closer to enrollment time, but that was a bad idea. the market is down about 10% in 2008, meaning I have that much less money to pay my tuition. D'oh. At least interest rates are dropping so paying uncle sam back will be a bit easier. Anyone else nervous about the equities market situation?

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B-School Tuition money evaporating

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solaris1

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18 Jan 2008, 12:33

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Losing a AAA rating is nowhere close to being in default! :-D

trader1

https://www.ft.com/cms/s/0/40f3a2be-bfa9-11dc-8052-0000779fd2ac.html

Moody’s says spending threatens US rating

By Francesco Guerrera, Aline van Duyn and Daniel Pimlott in New York

Published: January 10 2008 18:36 | Last updated: January 10 2008 18:36

The US is at risk of losing its top-notch triple-A credit rating within a decade unless it takes radical action to curb soaring healthcare and social security spending, Moody’s, the credit rating agency, said on Thursday.

The warning over the future of the triple-A rating – granted to US government debt since it was first assessed in 1917 – reflects growing concerns over the country’s ability to retain its financial and economic supremacy.

kryzak

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18 Jan 2008, 12:49

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WOH dabots, where did you get *3000* Kudos??? :shock:

trader1

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18 Jan 2008, 12:56

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solaris1

Losing a AAA rating is nowhere close to being in default! :-D

it's the first step towards default. combined with a currency crisis, and you have the perfect recipe for a sovereign default.

however, the dollar's status as the world's reserve currency makes a united states default worse on the holders of our paper rather than the united states itself.

the way i see it, the dollar is in the middle of a currency crisis. and, there are two scenarios going forward. the dollar maintains its reserve currency status through re-monetization of the us gold reserves. or, the euro replaces the dollar as a reserve currency. but, the euro is also just another piece of paper.

dabots

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18 Jan 2008, 13:03

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kryzak

WOH dabots, where did you get *3000* Kudos??? :shock:

inflation

kwam

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18 Jan 2008, 13:16

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dabots

kryzak

WOH dabots, where did you get *3000* Kudos??? :shock:

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Yep, but it seems that is that from....hum.... Zimbabwe...

nervousgmat

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18 Jan 2008, 15:00

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dabots

kryzak

WOH dabots, where did you get *3000* Kudos??? :shock:

inflation

LOL! Can I have some of those inflation kudos?

Praetorian

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18 Jan 2008, 15:04

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wow dabots - how did that happen? I will have to check with tino.

did you set da bots loose on the kudos system?

dabots

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18 Jan 2008, 15:32

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Praetorian

wow dabots - how did that happen? I will have to check with tino.

did you set da bots loose on the kudos system?

haha, actually i set it myself. was updating my profile and noticed you can manually set kudos count. dunno if that is supposed to be that way.

kryzak

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18 Jan 2008, 17:06

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really?! we can set our own Kudos? I need to set mine to.... ONE MILLLLION! :twisted:

(with pinky by my mouth...)

ha4

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19 Jan 2008, 12:57

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Hi, well, dabots, it's funny of course, but it is one of those jokes that is only funny once. So I am expecting you to reduce your Kudos back to something sensible by tomorrow.

Let share some of my views - I do not believe in online security and access controls. So, on this site, you either have power or you do not. In what concerns Kudos, moderators have full power. There's no point in limiting it: some really curious users without moderator status can also get that power with some hackery - but that is a totally worthless exercise.

Just as another illustration of the power idea, I have both the power and the imagination to do some pretty nasty things, both to the site overall and to individual users. That comes with the ability to help...

Since we have this precedent, I am considering removing all moderators from displaying Kudos counts completely. I had this idea originally when developing the top posters list, but was too lazy to write the extra SQL clause. Looks like the time has come.

--Tino, posing as a regular user.

kryzak

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20 Jan 2008, 02:53

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tino, I generally agree that if moderators demonstrate good responsibility, then their power shouldn't be limited. But if they do violate the "trust" of the people, then something probably should be done.

I'm not sure how I feel about removing all Kudos from mods. One the one hand, mods are people are helping others out a lot, so how many Kudos they have really doesn't matter. Their mod status speaks for themselves. On the other hand, that means everyone who is elevated to be a mod should be reviewed by Praetorian stringently to see if they are a good contributor, and not just someone who posted a lot of posts.

I say these these NOT to aim it at any mods specifically, so please do not take it the wrong way. I'm just stating a general guideline that should be established if we are to give mods full power, remove their Kudos, and deem them as generally "high-kudos" (i.e. helpful) people.

RoboMan

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20 Jan 2008, 08:04

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I read an interesting article on msn.com. Here is the link.

https://articles.moneycentral.msn.com/Investing/JubaksJournal/TheNextBankingCrisisOnTheWay.aspx

As this article goes by this problem of subprime is just miniscule in comparison to what might be lying ahead. If facts in the article come true then we are sitting on the tip of the iceberg.

trader1

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20 Jan 2008, 11:47

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RoboMan

As this article goes by this problem of subprime is just miniscule in comparison to what might be lying ahead. If facts in the article come true then we are sitting on the tip of the iceberg.

it's scary.

you should read what this guy has to say:

https://www.jsmineset.com

togafoot

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20 Jan 2008, 19:09

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if the dollar continues to depreciate, it will make the USA more affordable for internationals. All of my value is in Yen or Sterling, both have appreciated greatly vs the USD. This will make the education cheaper for me if i end up in the States.

kwam

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21 Jan 2008, 08:59

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AAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH!

Sorry guys, but it's been a hard day, at least for the bank I made some nice big bucks...

kryzak

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21 Jan 2008, 11:03

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yikes!!!

dosa_don

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21 Jan 2008, 11:41

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ITs going to be ugly tomorrow... :stab

clobo

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21 Jan 2008, 19:12

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Yup! I am not even going to look at the markets. I do have hope though that it will work itself out. I guess we have to wait for Bernake to lower the interest rate and hope for a rally on Friday.

solaris1

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Updated on: 22 Jan 2008, 07:20

Originally posted by solaris1 on 21 Jan 2008, 19:36.
Last edited by solaris1 on 22 Jan 2008, 07:20, edited 1 time in total.

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UPDATE: Helicopter Ben just gifted us another 75 bps.

On a more serious note, the stock markets are still higher than where they were in the summer of '06.; unemployment is probably higher by less than 30bps since then. The fall in the dollar, believe it or not, isn't necessarily a bad thing for the economy.

image (c) bluewire studio

bsd_lover

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22 Jan 2008, 01:18

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It'll get even "better" tomorrow - judging from Australia today. Too bad my trading capital is sitting in fixed term to pay off MBA fees rather than on short CFDs.