I plan on taking a bath and throwing a plugged in toaster into the water. Makes about as much sense.
Posted on 03/03/2011 4:22:06 PM PST by The Magical Mischief Tour
At present, virtually all the world's economies are attempting to grow and create jobs by exporting primarily to the United States, which, despite the recent economic crisis, high unemployment, and a fragile recovery, is still acting as the world's buyer of last resort. But with its budget deficits, and global indebtedness rising and true unemployment hovering around 17 percent, the ability of the United States to continue this role while also acting as the global security provider is questionable. Similarly, the ability of China and other high-growth emerging economies to maintain growth through ever-rising investment, low consumption, and undervalued currencies is also questionable. Few believe this situation to be indefinitely sustainable.
(Excerpt) Read more at businessinsider.com ...
Or rather, a booming stock market and economy are in our future in 2011. As the Doomers keep glooming, I keep buying stocks.
“It will require a 40-50 percent devaluation of the dollar versus the Chinese yuan and some other Asian currencies and a lesser devaluation against the euro, or against a new German deutschmark if the euro should disappear. Indeed, it may require the dollar to relinquish its role as the major reserve currency.”
Fed is doing a good job of devaluing the dollar all by themselves and then throw in obama’s spending and no wonder so many people are saying the dollar is done.
Dollar’s Dominance to End: Hedge Fund Titan Dalio
http://freerepublic.com/focus/news/2683184/posts?page=59
Good luck.
Worked well in Zimbabwe. Biggest bull market in history and the currency became worthless.
There is no booming economy you idiot. You sound like a dem shill.
A lot of people said that in September 2008, maybe you too. How did you feel by New Year's Day 2009? Did you lose your shirt? Many buying all the way up the crash certainly did and are now jaded about the market.
I will admit, I knew the market was due to be slammed, which is why I pulled everything out in December 2006. Then I was sure. This time, I am not so sure. I think the S&P belongs at 850 or so, but I am not the government won't be able to keep manipulating the market for the rest of my days (I am currently 52 years old). I'm just not sure.
If we get deflation, the market loses. If we get inflation, the market loses, at least in the near term. If the government can't keep all of those the plates spinning on their sticks manipulating equities, the market loses. I am having a hard time seeing how the market stays up in the near term when profits aren't soaring, debt is accelerating, credit is not moving, and the business climate grows worse.
That’s good. Someone has to be at the bottom of the pyramid providing capital for those at the top to skim.
I plan on taking a bath and throwing a plugged in toaster into the water. Makes about as much sense.
The gloomy bears who bet against the US the last two years have lost out bigtime. Thassa fact.
God bless you, man.
Thanks. I wish everybody was like you.
bookmark
“American corporations have been earning healthy profits for over a year now. What started as a bear market rally two years ago has proven to be an honest to god bull-market.”
This is a jobless recovery. True unemployment very high, foreclosures high, commercial real estate vacancies climbing, overall debt out of control. The middle class in our country is in peril, and that is highly destabilizing in the near-term. With Obama and his minions running the country into the ground, the dollar may indeed be highly devalued before we can kick him out. By the way, the Republicans aren’t exactly lighting us on fire with their aggressive proposals to reform the budget and seriously cut.
I have been buying, as anyone who has been paying attention on this forum, since Feb 2009, and urging others to do the same - because FR is my family and I am trying to share what I consider to be good advice. This has been one of the hottest runs in our lifetimes. But I certainly agree...it will NOT last. Just as I posted buy calls on BIDU, AAPL, LVS and homebuilders in Feb 2009, so I promise to post the moment I begin to sell. Meanwhile I continue to recommend silver (not gold) as a hedge for those who wish to steer clear of the stock market.
Good advice by this chap or chappette.
This was an especially good call:
“Just as I posted buy calls on BIDU, AAPL, LVS and homebuilders in Feb 2009, so I promise to post the moment I begin to sell.”
+1
I would pay attention to this fellow or gal aka montag813.
Add me to your ping list and thanks.
Well actually it was a good idea as soon as that evil idiot The Ben Bernank who works for a cabal of private large banks also know as The Fed started monetizing the debt. AKA QE 1 and QE 2. Essentially the Chinese grew tired of buying worthless paper.
Stocks are probably gonna keep going up especailly if we have QE 3. It is just the dollar going down in value. Ditto gold, silver, platinum, Paladium and just about everything else.
Zimbabwe stocks went up probably a million percent as their currency became worthless. I worried aloud that the Kenyan would be Mugabe 2 and he will be.
The fact that Google is worth billions, tells me all I need to know about the stock market. The stock market will most likely go to 20,000. Then again, the money will be worth 10% of what it is today. If I had several thousand dollars, I would be buying real estate. As a matter of fact, I am currently searching for it now.
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