Bad Car Salesman Experiences?
I was going between 2 dealerships to buy a new small truck. 1 guy gave me a price and looked around for a truck with my options (none!) the other traded for a truck not in my color with all these expensive options and I refused. He called me back and traded a dealership in another state for a truck STILL not my color or options. The 1st guy got everthing perfect, even the price so I bought it. The 2nd guy called and I told him, he said, “What? After all I did for you?! You are taking food out of the mouth of my wife and child! How dare you! I should take you to court and sue you for lying to me! You lead me on!” I said, you lost and didn’t meet my demands, you can just blame yourself, and I will see you in court then, click!
Another dealership used a “bait-car”, a cheap one in the paper, then tried to sell me something else. JERKS!
How about you?
A friend of mine’s wife went to look at cars and the salesman took her keys and threw them on the roof. He told her that she couldn’t leave until she bought a car. She walked next door and called him. When he and his wife left, the salesman wasn’t talking much to anyone for a while.
I like when the salesman tells me to “Take it for a test drive, this is a great vehicle”.
They don’t like it when I come back into a busy showroom and loudly tell them what a piece of crap it was.
What does it mean to invest in cash?
A lot of financial articles say “remember to invest some of your money into cash”. What does this mean? CDs? Money-Market Accounts? Commercial Paper? T-bills? What does the term “cash” mean?
I got it from this reading:
“Another option is to anchor the emerging-market portfolio with another, less volatile asset class. That means taking 50% of the money you’ve earmarked for emerging markets and putting it into CASH. The other half goes into an emerging-market index fund or exchange-traded fund.”
When they say cash, they usually mean “cash and cash equivalents.” These are:
– money market
– short term bank CD’s
– U.S. Treasury bills.
– short term commercial paper
Technically “cash” only means coins and paper money, but few people in the financial world mean this when they say “cash.”
Why don’t liberals except the FACT that Fannie Mae crashed our economy?
Wall Street didn’t help buy trading in that already bad paper, but it was 90% Fannie and Freddie to blame. Anyone surprised that it was GOVERNMENT run?
By THE WASHINGTON TIMES
For years, the Federal Reserve, Freddie Mac and Fannie Mae caused banks to make high-risk mortgages to borrowers who couldn’t afford them. On Wednesday, in testimony before the Financial Crisis Inquiry Commission, former longtime Federal Reserve Chairman Alan Greenspan finally pinpointed who instigated this risky behavior: Congress.
While Mr. Greenspan’s statements shouldn’t surprise anyone who was paying attention, given the biases in the liberal media, the facts need to be repeated over and over again. Take Rep. Barney Frank, the Massachusetts Democrat who is chairman of the House Financial Services Committee. In 2003, Mr. Frank berated a Bush administration official because he was “worried about the tiny little matter of safety and soundness rather than ‘concern about housing.'”
“While the roots of the crisis were global, it was securitized U.S. subprime mortgages that served as the crisis’ immediate trigger,” Mr. Greenspan explained. “The surge in demand for mortgage-backed securities was heavily driven by Fannie Mae and Freddie Mac, which were pressed by the Department of Housing and Urban Development and the Congress to expand affordable housing commitments.” Unfortunately, Fannie Mae and Freddie Mac weren’t the only government agencies to feel the pressure. Mr. Greenspan also noted, “I sat through meeting after meeting in which the pressures on the Federal Reserve – and on, I might add, all of the other regulatory agencies – to enhance lending were remarkable.”
Some saw this storm coming early. In 1998, Ted Day and Stan Liebowitz, professors at the University of Texas at Dallas, warned about the problems of the last couple of years. Starting during the early 1990s, mortgage-underwriting standards were beginning to be weakened, all in the name of increasing home ownership among poor and minority Americans. Over the years, the new rules involved eliminating verification of income or assets, little assurance of the ability to pay a mortgage, forcing banks to accept welfare payments and unemployment benefits as legitimate sources of income for mortgages, and virtually eliminating down payments.
As long as housing prices rose, not requiring down payments and relaxing other standards did not pose immediate problems. While prices rose, almost no one had to default. If someone was unable to pay a mortgage, the obvious option was to sell the house at a profit. Thus, experts could claim that the new standards did not have an appreciably different default rate than the old standards. Once housing prices started falling, however, it was a totally different matter.
Despite government being responsible for the financial crisis, the Democrats’ new Wall Street “reform bill” will give bureaucrats even greater control over financial decision-making. Politico reported on Sunday that Democrats and unions see new regulations as a “
The government is only partially to blame for our current economic crisis, the real root of the problem lies with the Federal Reserve banking system which is a private bank controlled by international bankers. These are the same people who caused the Crash of 1929 which led to the Great Depression. While many people were starving during this period, the international bankers were enjoying steak and sipping on fine wine because of the massive profits they generated from causing the economic downturn. They are ultimately the ones who control and manipulate the dollar, and our government always pays very high interest rates to them for printing our currency from nothing but paper with no real value. If only our government would adhere to the U.S. Constitution and issue its own currency so that we won’t have to pay interest rates to anyone, then we would never have been in the financial deficit that we are experiencing right now. Go to the link below to sign a petition to abolish the Federal Reserve Act of 1913.
I’m doing some research for my english class for a paper to write, and one of my options to write about is child trade. I looked it up, but didn’t really get much on it. Can someone out there explain what it is and where it’s practices? Maybe you could provide some websites for me to read up on? Thanks for all your help
Child trade is often referred to as Child Trafficking–mostly related to hard labor or sexual labor. It is a disturbing topic. If the information below doesn’t work for you, search “child trafficking” in your search engine.
I’ve linked a few articles from news and organizations that have covered the topic.
Combating Child Trafficking in Benin
Human Rights News:
West African governments are failing to address a rampant traffic in child labor that could worsen with the region’s growing AIDS crisis, Human Rights Watch charged in a new report released today (more at link below)
International Labour Organization
Many resources and articles at the link below
4 babies rescued in Malaysian child-trafficking bust
When tradeing futures, how can you short before you’ve gone long?
I’m just learning obviously, but when you do a spread and you’re going short one contract and going long another, how can you short a contract you haven’t bought yet? Or when I’m doing paper trading I have the option to short a contract right off the bat without buying it. How does that work? Will the contract sell at the price the market it was at when I chose to short?
Are you doing Futures with no experience in anything easier (like stocks)? You are a brave person since most experienced stock traders aren’t profitable with futures.
Always use a limit order when selling (shorting) or buying (at least until you know what you’re doing). Actually,…. When doing a demo program it really doesn’t matter though since there is no demo program that simulates liquidity. This alone will make your results totally insignificant.
With futures you either buy a contract or sell a contract (short). You’re simply at the other end of buy/sell process. This is not shorting as it would be in stocks. Shorting with futures simply puts you as the seller instead of the buyer of the contract.
I’d suggest reading about 2-3 books on Futures Trading and another 6-12 on trading before attempting live futures trading.
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