Rick

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Rick last won the day on January 2

Rick had the most liked content!

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About Rick

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    KOAT Founder
  • Birthday 01/21/1963

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    http://www.kingofalltrades.com/

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  1. Quick announcement - today as of 10:00 A.M. MST King of All Trades underwent a platform (software) version update to address current issues and resolve potential server side conflicts. If any member experiences any issues as a result of this upgrade please contact us through the support form. Thanks, Rick
  2. Server Side and Software Upgrades - January 2017 https://t.co/bEabYfqYaG

  3. Irish, I am deeply sorry to hear about your illness. Please stay in touch, we will all miss having you here. If there is anything I can do at all let me know. Your presence at KOAT has been steady and unwaivering, and you have been a great friend to many of us. You will always have a home wherever I end up building a community. Rick
  4. Hi Rick,

    I am so excited that kingofalltrades.com is back up! I have checked back over the years, but there was no activity. Anyway, I am happy to be back and am excited to be in contact with you!! 

    ~Lacie

    1. Rick

      Rick

      Thank you Lacie.  It is great to see you back here.  Please stay in touch.

  5. Avoiding the Japanese Financial Disease The world has changed. Growth isn’t like what it used to be. And if growth isn’t readily available, that might be bad news for the investment world in general. Japan may well represent the path of “change” we’re on globally. And that doesn’t look pretty. Back in the 1970s and 1980s Japan was the home of innovative business models and progressive economic policies. These were seen as the cornerstone that propelled the country’s spectacular post-World War II growth story. But now Japan only resonates long-term slump, economic mismanagement and huge government debt levels. After decades of unparalleled growth, Japan’s downturn took hold in the early 1990s when its asset price bubble burst and had a massive structural impact on the economy. It wasn’t long before Japan became an economy where inflation, real interest rates and growth all sat close to or below the zero percent level. Efforts to resurrect the economy have so far failed. Unfortunately, there are signs the negatives within the Japanese story may be spreading. Where does that mean for the rest of us? The worry is that the global economy has caught the “Japanese disease” – i.e. secular stagnation and efforts to stimulate growth failing to have an impact. The key to whether it takes hold is whether global governments and central banks have learned the lessons and take a more proactive approach Relying on interest rate cuts alone wasn’t enough to inflate the Japanese economy. Instead, the slowdown triggered deflation, with households delaying or cancelling purchases, expecting prices to be lower in the future. The global economy is slowly moving towards the Japanese way. Central banks have spent years slashing interest rates and injecting more cash into economies. The aim was to stimulate growth in the post-global financial crisis world. But the rebound hasn’t materialized and inflation remains too low and moving towards deflationary levels. The European Union is a particular worry, as consumer prices continue to fall. Low-growth trap The Organisation for Economic Co-operation and Development (OECD, which promotes economic growth, prosperity and sustainable development) recently warned that the world economy is slipping into a self-fulfilling “low-growth trap.” In such a scenario, slow growth would become a norm that would be hard to escape from. How did we get here? Demographics, the explosion of debt globally and the disparity in wealth between the rich and poor are all part of the story. Low interest rates are also a natural consequence of too much government borrowing after the financial crisis. Essentially, 2008-09 changed a lot of things that we haven’t been able to reset. Nowhere to hide One issue trouble now is that growth is slow everywhere and no one region is strong enough to bail the others out. For some context, before the global financial crisis, over the 1980 to 2008 period, world GDP growth averaged 3.5%, according to economist Stephen Roach. That compares with 2009’s mere 0.028% increase and its later weak rebound. Global authorities have also been slow to act. For years Japan resisted the restructuring and structural changes that might have supported a rebound. Instead, the economy spiraled lower. Prime Minister Shinzo Abe’s recent three-pronged attack on reviving the economy looks set to only have a limited impact. The problems are spreading Symptoms of the Japanese disease are evident across the world. Bubbles in the real estate and credit markets inflated US consumer spending after years of cheap credit. When the markets burst, the heavily indebted, savings-short households were badly affected. Between 2008 and 2015, growth in inflation-adjusted consumer expenditures averaged just 1.5%, according to Stephen Roach. This was less than half the 3.6% pace of the preceding 12 years. Like Japan, the US now finds itself struggling to move beyond a low interest rate position with little in the way of sustainable growth to show for it. When rates do rise soon, hold your breath… Europe is mirroring Japan even more. The continent has limped from one crisis to the next. The policy response has been quantitative easing and, now, negative interest rates, which is a similar approach to Japan. But the efforts to stimulate growth in the region and generate inflation have failed so far. The European banking sector is starting to look a lot like Japan’s – struggling with poor quality balance sheets. Tough decisions need to take place in Europe, even if the general public is resistant. Emerging markets aren’t much help at the moment either. The resource-rich economies of Russia, Brazil and the Middle East are feeling the impact of low commodity prices. China’s slowdown also isn’t helping. This has huge implications for investors. The Japanese stock market is less than half the value of its 1989 market peak after its struggles. The fear is that if the disease does spread this could signal tough times ahead for global stock markets. What can policymakers do to counter the threat? How can these countries put themselves on a better footing? For the US that may mean pushing the general public to reduce household debt and increase long-term savings. In Europe, banking industry reform and a coordinated government response look essential. China needs to find ways to get its population to spend more as it reshapes itself into a consumer spending-led economy. The country also needs to address overcapacity in industries, such as the steel and cement sectors, which is driving deflationary pressure. Japan needs to find ways to remain productive with a rapidly aging society and declining workforce. Ultimately, a strong and coordinated policy approach to structural change could be the only answer. The OECD believes there has to be “collective action across economies to raise public investment in projects with a high growth impact would boost demand and improve fiscal sustainability.” Left untreated, there’s a danger the Japanese disease becomes ingrained in our biggest economies and potentially infects everywhere. If that does happen, expect stock markets to struggle globally. Shares like growth, not stagnation. In that environment, safe havens like gold will continue to be a popular home for cash.
  6. I will look into this. I hadn't noticed the new theme set lost that inclusion. On my list of improvements I will now place that in the top ten. Thanks. On the previous page issue - I think it is specifically related to how the website propogates on mobile devices and I don't see the issue replicated on desktop browsers. This will actually be placed a little higher on the list.
  7. Ok Mr. Sirius - I have had enough. I would rather have a community of members who decide to follow the rules and maintain a civil conversation and have less than have even ONE member that decides to use the forums - versus the support system - to wage their own campaign to discredit KOAT. Good bye and enjoy an indefinite ban for disrespecting KOAT and failing to follow the rules/terms of your membership.
  8. YES. I ABSOLUTELY AGREE 100 % with this. I have actually been saying this for more than 5 years. What would help dramatically would be posting information regarding specific stocks in their actual forums. One thing that doesn't help us index properly (so if someone out in the world searches for stock info they would google it and find us) is that folks have a tendency to post info regarding every stock they follow in whatever thread they have open. Posting MNKD info in the SYN stock thread hurts our site ranking and indexing!!!!!!
  9. You want straight shooter - easy - we can go that route. Especially since I see you have gone on a rant of consecutive posts criticizing and hammering this website. The reason we have less posts per week was in part because we had hostility to many of the members here from trolls. When I dealt with the trolls that drove off the first wave of members years ago and anyone new came in they were driven off for having different opinions by specific members. Do you think you can run the website bettter? Would you rather go to the yazoo or some other forum? That is your right. I do the best I can here with limited resources. The burden of it falls on me specifically - no one else. Feel free to offer helpful suggestions - this website doesn't sustain its own costs. So in essence I am paying out of pocket for your right to complain about something you choose to use. Speaking of paying or not paying - you haven't paid for a membership here since March 2015. Apparently you feel you have the right to criticize when you don't contribute in a way that allows me to improve anything. So you choose to criticize those that do, and me for what I provide out of pocket to you, but offer nothing else. Even if I maintain this community for a handful of my friends from over the years - to me it is worth it - and I do it for that reason. I choose to maintain hosting, and I choose to do things like upgrade the website dramatically out of pocket so you can view things better on mobile devices. I also secured the website with encryption certification. All those things also take time and intense coding.
  10. I can easily go to page 8. In fact to prove it I will add a comment to a post on page 8. It is possible some browser cache issue exists or perhaps with your device. What are you using to access the page? Please feel free to submit a support request like anyone else here rather than publicly crying fowl. As for Rel - he is free to come and go as he pleases. Rel is a good friend of mine and always will be. He is CO FOUNDER. Co FOUNDER is not the same as CO OWNER. Owner implies paying the bills which I do. It also implies paying taxes, paying for support when members bring issues to my attention. Maintenance and hosting - regular operating costs. That is what I do specifically as owner. Some things that used to exist - for example - like blog talk (the expanded version - more hours available etc) I as owner decided to drop because we could not feasibly support with revenue. So like I said - shortly I will update a post on page 8. Instead of throwing stones please provide detail and I will - as I always do - look into it.
  11. One more thing - if more members joined - I could lower costs. There simply is no other option. I have repeatedly asked over the years for support getting more members, but instead folks like to use the site, but throw rocks when something doesn't work. I am not running a fortune 500 site. I think maybe a few folks have forgotten how bad the old sites were 9 hosting plans ago when I could barely keep the site up (our old phpbb forums - like the original satwaves).
  12. By all means Mr. Sirius - explain the issue and I will be more than glad to help. Saying you can't load a previous page is a bit general. If any one else has the same problem explain it to me in an email or submit a support request so I can troubleshoot. I like to believe the freedom the members gain here - where they are allowed to post nearly anything without interference - justifies the cost tenfold. Each membership essentially covers the costs to host this place. All the coding and software platform cost me out of pocket. I plan to keep my word to the remaining members and keep the lights on until I die. Originally we were all told we could never keep the website going, and I primarily do it to spite all the naysayers.
  13. New Membership Tiers Explained https://t.co/Z29yjcb4Gp

  14. All, For those of you still learning the new membership tiers and what they each provide, we have placed a quick link in the bottom of every web page called "Membership Tiers" In addition you can simply click this link: Click Here
  15. All, After reviewing the new membership groups it was ascertained viewing permissions for some of the forums needed adjustment.  If you experienced any issues please note that we have updated the entire site's permissions to correspond to our new membership tiers:

    Membership Level Descriptions