There I fixed it.
Stop in for a cup of coffee
- Thread starter toolmanmike
- Start date
-
Ddaddy
Just doing what I do
Moot, not mute.
And no, there won't be. We just came out of the "Great Recession" and another one of that magnitude isn't on the horizon. Even that one wasn't anything like the "great depression" was. A well diversified portfolio and intelligent planning can weather either of those. The economy goes on...even in those times.
Ddaddy
Just doing what I do
Nope...more.
Deflation during the Great Depression made the value of the dollar higher compared to the cost of goods. But you needed to have cash already since wages fell rapidly too. Investments bottomed out in the same fashion, but those with liquid cash (on-hand or in banks that didn't fail) found their reserves worth more during that period.
Lots of money was made in the last "Great Recession". LOTS!
Cash was king and real estate was dirt cheap, If you had the cash or resources to buy it up.
Ddaddy
Just doing what I do
3 people who got mega-rich during the Great Depression because they had cash available...
1. Howard Hughes
In 1932, at the height of the nation's economic woes, he formed the Hughes Aircraft Company. He built the company into a major-league defense supplier and by the time he died in 1976, his fortune totaled a reported $2.5 billion.
2. J. Paul Getty
An amazing beneficiary of good timing and great business acumen, Getty created an oil empire out an inheritance of $500,000 received in 1930. With oil stocks massively depressed, he snatched them up at bargain prices and created an oil conglomerate to rival Rockefeller. Throughout the 20th century he became a billionaire many times over.
3. Joe Kennedy
Joe Kennedy, Sr., patriarch of the Camelot clan, built up a tidy sum in the 1920s with a hearty amount of speculation, peppered with insider trading and market manipulation. Unlike many other of his ilk who helped to create the unstable markets that brought about the financial calamities of the '30s, Kennedy knew when to get out. Once out of the stock market before the crash, Joe invested his money in real estate, liquor, and movie studios, generating gaudy profits and cementing his family's place in the highest financial echelon of American society.
1. Howard Hughes
In 1932, at the height of the nation's economic woes, he formed the Hughes Aircraft Company. He built the company into a major-league defense supplier and by the time he died in 1976, his fortune totaled a reported $2.5 billion.
2. J. Paul Getty
An amazing beneficiary of good timing and great business acumen, Getty created an oil empire out an inheritance of $500,000 received in 1930. With oil stocks massively depressed, he snatched them up at bargain prices and created an oil conglomerate to rival Rockefeller. Throughout the 20th century he became a billionaire many times over.
3. Joe Kennedy
Joe Kennedy, Sr., patriarch of the Camelot clan, built up a tidy sum in the 1920s with a hearty amount of speculation, peppered with insider trading and market manipulation. Unlike many other of his ilk who helped to create the unstable markets that brought about the financial calamities of the '30s, Kennedy knew when to get out. Once out of the stock market before the crash, Joe invested his money in real estate, liquor, and movie studios, generating gaudy profits and cementing his family's place in the highest financial echelon of American society.
Ddaddy
Just doing what I do
Happy National Hotdog Day!
dartman1965
Well-Known Member
And I burned a bunch on the grill tonight....for dinner of course.Anyone else like them burned......?
GeorgeH
Well-Known Member
I have a couple family members that like "blackened" hotdogs. They don't appeal to me and I never seem to get them cooked enough for them. lol
Hey folks.
Say @dukeboy_318, I've missed a few hundred pages over the last weeks, how's your new job working out and what came of that dizzy spell you had? You alright now?
Say @dukeboy_318, I've missed a few hundred pages over the last weeks, how's your new job working out and what came of that dizzy spell you had? You alright now?
Don't you love how HE gets his health taken care of while congress messes around with ours...
They are playing games with our health insurance and not caring because they are all set... But what about "the people???"
They were even going to delay the health care vote until he returned so theycan get his vote, meanwhile millions of people are loosing their health care...
Very sad what our country has come to...
We need to put on the ballot to vote them to have the same health care programs that we have and then they will fix it... Until then, they don't give a **** about the people they are supposed to represent...
I have enough money to last the rest of my life....
As long as I die next Tuesday...
Hey Karl. Burning the midnight oil?
He's having back spasms from what I remember... slowly healing, some days are better for him than others when it flares up...
That sucks. Well, there's not much happening here so ...Yeah, having trouble staying asleep again tonight....
That sucks too. Well, not the healing part, obviously.
I've been having trouble getting along with the older boy since he came back from Detroit about a week and a half ago... We haven't been hanging out like we used to and he seems to be keeping his distance from me, and we've been arguing alot...
I'm getting to the end of my wits with him and am starting to look forward to him going away to school this fall... I have more peace and less stress when he's not around...
He needs to live in his own to see what it's like to run a household... Maybe then, he will appreciate HALF of what I do for him....
I'm getting to the end of my wits with him and am starting to look forward to him going away to school this fall... I have more peace and less stress when he's not around...
He needs to live in his own to see what it's like to run a household... Maybe then, he will appreciate HALF of what I do for him....
Just getting my day started with this first cup of coffee, wow ! I got hot yesterday as I helped mow my sister in laws yard , I have a new word to use next time we think about doing that, No, me to old for this heat (104) Good morning
Ben Drinkin
Hey bartender!
Kids usually need a dose of real life before they understand what it's about.. I hope things smooth out for the two of you..
Ben Drinkin
Hey bartender!
Yes sir. 104 and humid.is too damn hot for yard work..
-
