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I appreciate the lesson in economics....I guess based upon similar logic...My corner gas station gives me 20 gal of gas free each year. This station is very competitive and is almost always 8¢ gal cheaper than most others in my area. Since I use about 12 gal a week...I save about `96¢ wk and over a year that's about $50 or 20 gal.

LSAT wrote:I appreciate the lesson in economics....I guess based upon similar logic...My corner gas station gives me 20 gal of gas free each year. This station is very competitive and is almost always 8¢ gal cheaper than most others in my area. Since I use about 12 gal a week...I save about `96¢ wk and over a year that's about $50 or 20 gal.

Excellent! You catch on quick. It's what we call "thinking like an economist". You are a bright guy, and it just takes a little change in your frame of reference. It can become a powerful tool for solid financial decisions as life goes on. It can also give you a great appreciation of the value of markets.

It's good to see the price of oil has crashed. It's putting a lot of pressure on the irrational, evil Putin.

Hang Fire wrote:

LSAT wrote:I appreciate the lesson in economics....I guess based upon similar logic...My corner gas station gives me 20 gal of gas free each year. This station is very competitive and is almost always 8¢ gal cheaper than most others in my area. Since I use about 12 gal a week...I save about `96¢ wk and over a year that's about $50 or 20 gal.

Excellent! You catch on quick. It's what we call "thinking like an economist". You are a bright guy, and it just takes a little change in your frame of reference. It can become a powerful tool for solid financial decisions as life goes on. It can also give you a great appreciation of the value of markets.

It's good to see the price of oil has crashed. It's putting a lot of pressure on the irrational, evil Putin.

FYI.....I was an Economics major in college and spent most of my working life in the Financial Services area. I always think like an economist, but I would never have used logic like this for my clients.

LSAT wrote:I would never have used logic like this for my clients

You mean you would not have advised them to look for bargains? To buy stocks when the P/E ratio was low? To think of purchase savings on an annual basis? That's sad.

Of course if you worked off commissions, you may have been looking out for your interests instead of your client's interests.

Hang Fire wrote:You mean you would not have advised them to look for bargains? To buy stocks when the P/E ratio was low? To think of purchase savings on an annual basis? That's sad.

Of course if you worked off commissions, you may have been looking out for your interests instead of your client's interests.

+1

Hang Fire wrote:

LSAT wrote:I would never have used logic like this for my clients

You mean you would not have advised them to look for bargains? To buy stocks when the P/E ratio was low? To think of purchase savings on an annual basis? That's sad.

Of course if you worked off commissions, you may have been looking out for your interests instead of your client's interests.

I never said that I sold stocks. There is a lot to the Financial Services Industry that does not involve selling stocks. You are quick to make assumptions.

LSAT wrote:There is a lot to the Financial Services Industry that does not involve selling stocks.

You pushed subprime mortgages onto minorities whom you knew could not afford them?

Chevie wrote:

LSAT wrote:There is a lot to the Financial Services Industry that does not involve selling stocks.

You pushed subprime mortgages onto minorities whom you knew could not afford them?

Another person that makes assumptions....Wrong again

LSAT wrote:

Chevie wrote:

LSAT wrote:There is a lot to the Financial Services Industry that does not involve selling stocks.

You pushed subprime mortgages onto minorities whom you knew could not afford them?

Another person that makes assumptions....Wrong again

Ha Ha... LSAT, I too was in the same industry and no one has guessed the right one for me either
Cheers
Nan

LSAT wrote:

Chevie wrote:

LSAT wrote:There is a lot to the Financial Services Industry that does not involve selling stocks.

You pushed subprime mortgages onto minorities whom you knew could not afford them?

Another person that makes assumptions....Wrong again

I want a guess. I want a guess.

Created synthetic collateralized debt obligations?

HINT......Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages,investment funds and some government-sponsored enterprises

I'll take a shot.

LSAT wrote:government-sponsored enterprises

You worked 10 hours per week, got paid for 35 and retired to the South on a fat pension after 30 years?

Sticky Fingers wrote:I'll take a shot.

LSAT wrote:government-sponsored enterprises

You worked 10 hours per week, got paid for 35 and retired to the South on a fat pension after 30 years?

You hit it on the head...now go back to watching your cartoons.