The very premise is dopey.
It’s already collapsed and will continue to collapse no matter who wins. It’s not “waiting” to collapse.
Bull poopies
And Obama’s policies of runaway spending, combined with stifling taxes and regulation, will have “what” effect on global trade, if he is re-elected?
The world economy might collapse before the election, and it will for sure collapse if Obama wins. Good thing that isn’t going to happen.
Nobama backer?
It does not matter which loser wins, we the people are screwed.
My comments...
Why global trade will collapse if Romney wins
There is an upside to this. First, I do not believe that global trade will collapse if Romney wins. Global trade is already collapsing. Overall, global trade is dependent on this country as a consuming nation. China is absolutely dependent on us. If decisions are made that have an adverse effect on what China can sell to the US market, that is a very good thing.
Why investors should get out of stocks and commodities
This is an area that is always uncertain, even with the best, most knowledgeable of investors. Even the best of us should get out of the market, except when we are privy to the insider info like that our Congress critters get on a regular basis. Mish says, ‘At this point, the best thing to do is wait for better opportunities. I am talking my book, but something like 70-80% cash (or hedged equities) and 20-30% gold seems reasonable. I’m telling people, “Get out of the stock market. Get out of commodities except gold and perhaps a bit of silver.” My own opinion is that silver is a good thing...silver coins have value at a reasonable level for things we will need when the SHTF. A bar of gold bullion has no value when it come to buying a loaf of bread, or a fill-up at the gas station. And btw, I do not disagree with Mish, overall on this point of ‘getting out’.
Why we have been oversold on shale gas and renewable energy
Mish is wrong. Shale gas and oil is a real thing. It will be developed, and the Keystone pipeline will be built. But not while Obama is President. We have more oil reserves in the US & Canada with this shale gas that there is in all of the middle east. We have to develop it, and doing so gives us energy independence. We have to tell the ‘greens’ to FO. And we need to make sure that Congress and the President are supportive. It is not just in the Bakken region. This is not new... The Bakken formation, initially described by geologist J.W. Nordquist in 1953, is a rock unit from the Late Devonian to Early Mississippian age occupying about 200,000 square miles of the subsurface. It is long past time to develop this region’s oil reserves. All of the reserves in this country exceed that of the Middle East. FUBO. FUSierra Club, FUAG, etc.
Why oil prices will likely fall in the short-term
Oil Prices will go down because demand is falling. The unrest in the Middle East is temporary.
Why the Eurozone is doomed
Yes, the Eurozone is ‘doomed’, but the extend of the ‘doom’ is a big question mark. The EC will fight like hell to see that it is not ‘doomed’...time will tell. That said, the EC influence in the scheme of things will diminish. Do not invest in Euros.
Why there may soon be an oil war with China
If so,, this will be temporary. China needs oil, though they likely have reserves that are comparable to the Bakken’s. And right now, China’s economy is growing very slowly, and total demand is low. When this changes, China can get their own oil, and if we have the right leadership, we will have our own oil...Middle East, be damned.
How government interference is ruining the renewable energy sector
Renewal energy is a pipe dream. Yes, there is solar, and wind, but these are not ‘renewable’ resources. These resources are there, if we can finally learn how to utilize them. We have not yet done that. Government should stay the hell out of ‘renewal energy’, except to grease the skids by eliminating all EPA etc interferences. We should not promote, nor should we subsidize ethanol from corn as a renewable energy source. This is pure evil and causes untold damage to the price of food, both for the farmer, and for our own tables...at absolutely no advantage...the cost of growing the corn and converting it to ethanol exceeds the value of the energy when it gets to us at the pump. This is both an economic and an energy disaster.
Why we need to get rid of fractional reserve lending
Quoting Mish...”The gold standard does not cause huge bubbles. The real culprit is fractional reserve lending. Historically, problems happened when banks lent out more money than there was gold backing it up.
The gold standard did one thing for sure. It limited trade imbalances. Once Nixon took the United States off the gold standard, the U.S. trade deficit soared (along with the exportation of manufacturing jobs).
To fix the problems of the U.S. losing jobs to China, to South Korea, to India, and other places, we need to put a gold standard back in place, not enact tariffs.”
I agree in principle with Mish on this point.
Never heard of this idiot before.
No wonder.