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craigppls
2116 Posts |
 Posted - 11/03/2009 : 07:10:27 AM
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| Nice bet on America... |
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craigppls
2116 Posts |
Posted - 11/03/2009 : 07:21:12 AM
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| Buffet's quote... "this is an all in bet on American economy" |
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Scrooge McDuck
15108 Posts |
Posted - 11/03/2009 : 07:25:37 AM
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some railroad was a big time IPO like a week ago.
i think its funny how Buffet pretty much has to invent stuff to do with his money at this point. his bets on GE and Goldman were genius. his bet on the chinese car company was great too. now this. amazing. |
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CoolMtgGuy
9079 Posts |
Posted - 11/03/2009 : 07:57:29 AM
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He obviously does not believe that the country is going in the right direction.
quote:
Originally posted by craigppls
Nice bet on America...
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darkstar
26266 Posts |
Posted - 11/03/2009 : 08:04:36 AM
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| He buys cheap and only thinks long-term...I'd love to know what he see in 10yrs(or how ever many) from now to do this... |
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craigppls
2116 Posts |
Posted - 11/03/2009 : 08:08:58 AM
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quote:
Originally posted by CoolMtgGuy
He obviously does not believe that the country is going in the right direction.
quote:
Originally posted by craigppls
Nice bet on America...
how do you figure???
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homer5
2252 Posts |
Posted - 11/03/2009 : 08:13:30 AM
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Nice bet on America to pay off 5 to 20 years on out. That's fine but it's no indication of our current state other than our current state is so bad he sees it as time to buy something severely pummeled by our non existent economy.
Like factory orders out today, much ado about absolutely nothing in the context of our economic woe. |
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GetLoans4me
2702 Posts |
Posted - 11/03/2009 : 08:14:26 AM
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He believes that Americans will be riding train more often in due of high gas price and outrageous auto industry (high interest rates etc).
quote:
Originally posted by darkstar
He buys cheap and only thinks long-term...I'd love to know what he see in 10yrs(or how ever many) from now to do this...
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CoolMtgGuy
9079 Posts |
Posted - 11/03/2009 : 08:18:35 AM
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Sarcasm bud ... just sarcasm.
I am a true believer in our country's ability to overcome anything. Nothing will diminish my faith in the good old USA!
quote:
Originally posted by craigppls
quote:
Originally posted by CoolMtgGuy
He obviously does not believe that the country is going in the right direction.
quote:
Originally posted by craigppls
Nice bet on America...
how do you figure???
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benjamin
6966 Posts |
Posted - 11/03/2009 : 08:18:45 AM
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???? I hope he is right. My main concern is what goods are being transported on his American trains?
If it is a bunch of Chinese shiit, then screw him.
If it is American, get me some knee pads. |
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GetLoans4me
2702 Posts |
Posted - 11/03/2009 : 08:21:19 AM
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They're chinese. Warren and Bill Gate are foreigner lovers..
quote:
Originally posted by benjamin
???? I hope he is right. My main concern is what goods are being transported on his American trains?
If it is a bunch of Chinese shiit, then screw him.
If it is American, get me some knee pads.
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craigppls
2116 Posts |
Posted - 11/03/2009 : 08:30:06 AM
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quote:
Originally posted by GetLoans4me
They're chinese. Warren and Bill Gate are foreigner lovers..
lol... Sure they're tons of dairy queens in china...
quote:
Originally posted by benjamin
???? I hope he is right. My main concern is what goods are being transported on his American trains?
If it is a bunch of Chinese shiit, then screw him.
If it is American, get me some knee pads.
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darkstar
26266 Posts |
Posted - 11/04/2009 : 09:44:57 AM
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| Buffett rates Bernanke and Geithner with an A or A+, he apparently sold America down the river.... |
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craigppls
2116 Posts |
Posted - 11/04/2009 : 10:19:32 AM
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quote:
Originally posted by darkstar
Buffett rates Bernanke and Geithner with an A or A+, he apparently sold America down the river....
Dark...Just maybe he knows more about the subject than you...
PS...I was being nice...there is no just maybe... |
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homer5
2252 Posts |
Posted - 11/04/2009 : 10:44:10 AM
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quote:
Originally posted by darkstar
Buffett rates Bernanke and Geithner with an A or A+, he apparently sold America down the river....
Oligarchs praising oligarchs. |
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nw@8brook
538 Posts |
Posted - 11/04/2009 : 10:54:01 AM
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| he is betting on goods will no longer be cost effective to transport across the country on big rigs. He is also betting big time on electric vehicles for the future. 18 wheelers cannot be powered by electric engines, but trains can. |
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craigppls
2116 Posts |
Posted - 11/04/2009 : 11:12:44 AM
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most goods are put on trains for a simple reason...more cost effective than trucks.
train them from the ports...then truck the last little bit.
keeps trucks out of freeway traffic...
My area is starting to build in 2010...a new $200 million dollar rail hub, with up to 80 million sqft of warehouse space next to So Cal Logistics Airport...
damn thing is hugh...3,500 acre rail hub/yard with huge container storage...
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homebroker@sbcgl
7371 Posts |
Posted - 11/04/2009 : 11:58:00 AM
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LOL, good point, well know it is true if he throws a billion in Schwinn or Vespa.
quote:
Originally posted by GetLoans4me
He believes that Americans will be riding train more often in due of high gas price and outrageous auto industry (high interest rates etc).
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darkstar
26266 Posts |
Posted - 11/04/2009 : 12:01:02 PM
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>>>18 wheelers cannot be powered by electric engines, but trains can.
After looking into it, I think this is it...High speed trains could replace some airline routes as well... |
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syndicator
442 Posts |
Posted - 11/04/2009 : 6:00:57 PM
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This was a play on China, The two main lines connect on the west coast. They are also on of the largest transporters of Coal. And China is one of the few countries that are expanding in the global economy. What ever China cannot satisfy in its appetite for oil, coal is the best next resource.
This is one of the sources that mention it. There are more but this is the first I found:http://in.reuters.com/article/oilRpt/idINL424022320091104 |
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syndicator
442 Posts |
Posted - 11/04/2009 : 6:04:37 PM
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Don't forget to buy your land next to the yard. It should include a Economy chain Hotel for all the railroad workers contract. along with industrial space for storage. and maybe a gas station that can accommodate trucks with trailers.
quote:
Originally posted by craigppls
most goods are put on trains for a simple reason...more cost effective than trucks.
train them from the ports...then truck the last little bit.
keeps trucks out of freeway traffic...
My area is starting to build in 2010...a new $200 million dollar rail hub, with up to 80 million sqft of warehouse space next to So Cal Logistics Airport...
damn thing is hugh...3,500 acre rail hub/yard with huge container storage...
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craigppls
2116 Posts |
Posted - 11/04/2009 : 6:15:17 PM
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quote:
Originally posted by syndicator
This was a play on China, The two main lines connect on the west coast. They are also on of the largest transporters of Coal. And China is one of the few countries that are expanding in the global economy. What ever China cannot satisfy in its appetite for oil, coal is the best next resource.
This is one of the sources that mention it. There are more but this is the first I found:http://in.reuters.com/article/oilRpt/idINL424022320091104
china doesn't import coal... They have their own reserves... |
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syndicator
442 Posts |
Posted - 11/04/2009 : 6:38:39 PM
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This article has a small comment on China's coal imports.
quote:
Originally posted by syndicator
http://www.chinadaily.com.cn/bizchina/2009-06/19/content_8302590.htm
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