RE: [RT] Fw: FW: *****SPAM***** Fw: Fw:], RealTraders Email List Archive

See my comments below in red.

From: realtraders@xxxxxxxxxxxxxxx [mailto:realtraders@xxxxxxxxxxxxxxx] On Behalf Of Ben
Sent: Sunday, 20 July 2008 1:45 PM
To: realtraders@xxxxxxxxxxxxxxx
Subject: Re: [RT] Fw: FW: *****SPAM***** Fw: Fw:]

I agree Tony

he is just trying to point out what inlation does to prices

and

to warn us

that

a: the implications to stocks The connection between stock prices and inflation is extremely complex. Long term prices are higher now than in 1950 and the Dow is also high. Therefore, IRA must be telling us to BUY the Dow...correct?

b: implications to cost of living The cost of living is going up. At what point in history has it not? Except perhaps 1929-32. This tells us absolutely nothing. He forgets to mention that the income side keeps going up every year too. OHH..the burden of what to do with that extra money coming in every year.

c:implication to wages I don’t reacall him ever mentioning wages, but I may be wrong.

d:productivity He definitely never talks about that or the effect rising prices has had on productivity or whether it has any effect at all.

E future taxes This isn’t a warning Ben. We don’t need to be told that if we earn more we will pay more taxes in $$ terms...so what? Apart from the fact it has nothing to do with trading is he making specific forecasts what tax rates will be in the future? I have seen none. Not that it has anything whatsoever to do with this newsgroup.

and EVERY aspect of our lives Now that is seriously absurd. How can he possibly know how each person lives their lives around the world. These broad generalisations and assumptions of their affect are the EXACT reason why economists are so poor at making predictions, and why it is seriously damaging to less experienced readers and traders who might actually be influenced by Ira’s comments. That is the ONLY reason I make these responses, as nothing irritates me more than to have someone’s mind corrupted by a distortion of the facts, a distortion of reality and how you should therefore view everything around you based on these distortions.

Ben

Adrian

PS I am sure Ira means well in all his posts, as a concerned citizen, but ultimately that isn’t the point.

----- Original Message -----

From: Tony Pylypuk

To: realtraders@xxxxxxxxxxxxxxx

Sent: Sunday, July 20, 2008 12:22 AM

Subject: RE: [RT] Fw: FW: *****SPAM***** Fw: Fw:]

Mes amis,

Please permit me to take a contrary view to those expressed by hostmaster and Adrian Pitt.

Ira's message was received by me at 2:48 p.m. on Saturday, July 19, 2008.

I am not aware of any stock or commodities markets, other than the farmers' and flea markets, that are open on Saturday afternoon at least in North America. I rely upon you to correct me if I am wrong.

On the assumption that I am not wrong, at least in a broad sense, I therefore note, as an opening observation, Ira's message could not have impinged upon the crowded cerebral space of active traders during the trading day, except perhaps as to the purchase of carrots and celery and used CDs.

His post was harmless. It is in the same vein as some posts I receive from persons who are north of 70 or 80.

Ira did not attempt to sell anything. Insofar as I can discern, all he attempted to do was to share a feeling of ennui and angst at the predicament we find ourselves in as a result of the actions and/or misactions of our governments over the last half-century.

Whether one agrees with his viewpoint or not, he is entitled to speak his peace.

Trading in carrots and celery and used CDs will probably not be affected.

Anthony W. Pylypuk
Barrister & Solicitor
80 King Street, Box 605
Welland, Ontario
L3B 5R4

Office / Bureau: 905 735 2300
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-----Original Message-----
From: realtraders@xxxxxxxxxxxxxxx [mailto:realtraders@xxxxxxxxxxxxxxx]On Behalf Of Ira
Sent: Saturday, July 19, 2008 5:41 PM
To: Undisclosed-Recipient:;
Subject: [RT] Fw: FW: *****SPAM***** Fw: Fw:]

Sent: Saturday, July 19, 2008 2:48 PM

Subject: [Fwd: FW: *****SPAM***** Fw: Fw:]

I Started college in the spring of 1950. I got $110 a month from the GI bill and had no problem making ends meet with rent, food (hashed at a sorority), gas, a car and going out on dates. If you don't believe what inflation can do compare some of these prices from a real menu of the 1950s. The Korean and Vietnam wars started the escalation and now Iraq and Afghanistan will start the next set of inflation numbers. The government hasn't helped with its policies as to the financial markets, interest rates and the outrageous printing of money. It will be interesting to see what happens next. It ain't going to be pretty.

Ira

If any of you have doubt about what we paid for a coke and a sandwich at Woolworths in the 1950's, here's proof of the era we lived........and it was a GREAT ERA to live ...

And Gas..25 cents/Gallon!!!
And of course, We had no money!!!

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