Comments on: A minute to midnight http://www.greaterfool.ca/2008/11/15/a-minute-to-midnight/ Book and Weblog - Authored by Garth Turner Wed, 08 Feb 2012 20:01:56 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Bottoms_Up http://www.greaterfool.ca/2008/11/15/a-minute-to-midnight/comment-page-1/#comment-9417 Bottoms_Up Tue, 18 Nov 2008 03:31:55 +0000 http://www.greaterfool.ca/?p=794#comment-9417 I think many people here have misinterpreted the message from 'Minute to Midnight'. She was simply thanking Garth for diseminating his knowledge--which has helped her and her family not lose exorbitant amounts of money in real estate. It was NOT a message of 'look at me, I'm so rich, I sold out and made tons of money...suckers'. Judging from some of the responses here, I'd assume many of these posters are under water.... Regarding Stephen, just a suggestion, copy one or two salient points from the articles you provide links to, but not the whole article. If the point(s) you provide is enticing, people will visit your link and read the whole article. Not many people have hours to spend reading your posts. I think many people here have misinterpreted the message from ‘Minute to Midnight’. She was simply thanking Garth for diseminating his knowledge–which has helped her and her family not lose exorbitant amounts of money in real estate. It was NOT a message of ‘look at me, I’m so rich, I sold out and made tons of money…suckers’. Judging from some of the responses here, I’d assume many of these posters are under water….

Regarding Stephen, just a suggestion, copy one or two salient points from the articles you provide links to, but not the whole article. If the point(s) you provide is enticing, people will visit your link and read the whole article. Not many people have hours to spend reading your posts.

]]> By: Darryl http://www.greaterfool.ca/2008/11/15/a-minute-to-midnight/comment-page-1/#comment-9406 Darryl Mon, 17 Nov 2008 23:41:18 +0000 http://www.greaterfool.ca/?p=794#comment-9406 Although I know that home owners will take a hit, and a large one over the next couple of years. I can't help but think that if I were to sell my house and put the money in the bank, What if the bank closed it's doors? We all need a place to live. And these days money in the bank may not be safe. Although I know that home owners will take a hit, and a large one over the next couple of years. I can’t help but think that if I were to sell my house and put the money in the bank, What if the bank closed it’s doors? We all need a place to live. And these days money in the bank may not be safe.

]]> By: Signal Loss http://www.greaterfool.ca/2008/11/15/a-minute-to-midnight/comment-page-1/#comment-9379 Signal Loss Mon, 17 Nov 2008 15:17:28 +0000 http://www.greaterfool.ca/?p=794#comment-9379 So to sum up, Minute before Midnight took assets that had utility (roof over head), and will have utility again in the future (because, you know, people will still need to live in houses in ten years), and turned them into cash during in which her cash is being aggressively devalued (due to multi-billion dollar bailouts, etc). No agenda here, just trying to understand. So now she has no debt (great), no house (um...), and lots of cash which isn't just going to sit around - she'll want to put it in....um.... and in the meantime the value of her cash is declining. right? or am i missing something. So to sum up, Minute before Midnight took assets that had utility (roof over head), and will have utility again in the future (because, you know, people will still need to live in houses in ten years), and turned them into cash during in which her cash is being aggressively devalued (due to multi-billion dollar bailouts, etc). No agenda here, just trying to understand. So now she has no debt (great), no house (um…), and lots of cash which isn’t just going to sit around – she’ll want to put it in….um…. and in the meantime the value of her cash is declining. right? or am i missing something.

]]> By: Derrin http://www.greaterfool.ca/2008/11/15/a-minute-to-midnight/comment-page-1/#comment-9357 Derrin Mon, 17 Nov 2008 01:53:59 +0000 http://www.greaterfool.ca/?p=794#comment-9357 Just my opinion but I think we could do without long explainations. Stephen please get a copy of E.B. White's "Elements of Style". Thanks to the man in Calgary. The carpet story is useful. We can all spend hours explaining economics. We don't need to understand economics when it comes to carpet. Thanks Just my opinion but I think we could do without long explainations.
Stephen please get a copy of E.B. White’s “Elements of Style”.
Thanks to the man in Calgary. The carpet story is useful.
We can all spend hours explaining economics. We don’t need to understand economics when it comes to carpet.
Thanks

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