Global/USA Crash Lurking?

comstockfunds.com ^ | 10/07/05 | comstockfunds

[thinking4me]

(10/07) Fed's Fisher Says `Inflation Virus' Must Be Stopped Federal Reserve Bank of Dallas President Richard Fisher said policy makers must prevent an ``inflation virus'' from disrupting the U.S. economy and financial system. Fisher, in the text of a speech in Waco, Texas, today also repeated earlier comments that inflation shows ``little inclination'' to slow and is moving closer to the ``upper end of the Fed's tolerance zone.'' ..... ``Money flows are an economy's lifeblood, and the Federal Reserve's great responsibility lies in maintaining the cardiovascular system of American capitalism,'' said Fisher, a voting member of the rate-setting Federal Open Market Committee. ....

http://www.bloomberg.com/apps/news?pid=10000087&sid=aOeRq_GAEGK8&refer=top_world_news"MORE - BLOOMBERG.COM

[Rutles4Ever]

I wonder if they're going to bite the bullet and raise 50 basis points next time...

[discostu]

Wow economics "experts" that don't know what the M in ATM stands for, definitely must follow advice here.

[thinking4me]

Alas, when one sees the tsunami of debt ready to engluf the US, yes in my opinion a global crash is lurking... GOT GOLD/SILVER?... TIME TO RETURN TO CONSTITUTIONAL MONEY NOW!

[EagleUSA]

Ahahaha, yes back to gold! Thanks for the laugh.
-----
Not a bad idea :-) back to putting your teeth marks in your money and to hell with the government, the Fed, and the national debt....hmmm.

[thinking4me]

The problem is DEBT, even with the gold standard it is possible to debase the currency if issuing too much debts. The only difference is that under the gold standard one knows when one has reached a threat level... The keynesian miracle is system without real warning until...

Remember the asian, russian and argentinian crises. They all happened because of DEBTS.

question: why do investors rush into safe havens when the maket tanks... any idea??

DEBT AND DELUSIONS

"By a continuous process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method, they not only confiscate, but they confiscate arbitrarily; and while the process impoverishes many, it actually enriches some....The process engages all of the hidden forces of economic law on the side of destruction, and does it in a manner that not one man in a million can diagnose." - John Maynard Keynes Economic Consequences of the Peace, 1920

"The central bank is an institution of the most deadly hostility existing against the Principles and form of our Constitution. I am an Enemy to all banks discounting bills or notes for anything but Coin. If the American People allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the People of all their Property until their Children will wake up homeless on the continent their Fathers conquered. "... - Thomas Jefferson

[zek157]

Return to the gold standard would be one way to shrink the money supply by an draconian amount. I dont't think you would like the consequences of mass bankruptcies and caos.

[Dark Skies]

This piece is really an ad for Comstock Funds which, IIRC, is a single bear market fund. Their speciality is "scaring up" business. I imagine if there isn't a bust soon in the economy, there will be one at Comstock Funds headquarters.

[Steven W.]

ah, yes, put more money in gold, definitely. and oil, too. actually you might be a little late on oil as it seems to have topped over the past few weeks. but you can still lose money with gold, definitely! doom! doom! doom! ROFLMAO!

[thinking4me]

This piece is really an ad for Comstock Funds

RE:

RE: l@@@@@k at the chart.... it is not exaggerate. wE ARE THREATENENED WITH HYPERINFLATION... WEIMAR USA?

[thinking4me]

Return to the gold standard would be one way to shrink the money supply by an draconian amount. I dont't think you would like the consequences of mass bankruptcies and caos.

RE; A systemic collapse would provide the best opportunity EVER to return to the gold standard.

REST ASSURED, THERE WILL BE A MASSIVE DEBT LIQUIDATION ANYWAY

[Jalapeno]

l@@@@@k at the chart

What is this, ebay?

[Dark Skies]

Sorry, I don't buy it. There is much more going on in the world economic engine regards inflation than can be explained by that graph. If I had more time, I would enjoy a discussion of this matter. But I don't today...sorry.

Regarding Comstock Funds, here is a link to their fund performance. You will notice that they always have a negative return.

Comstock Fund Performance

[Dark Skies]

Also, don't you think the debt markets are aware of this graph and all other current economic factors. But where are interest rates? Do they reflect fear of inflation? The debt markets are very efficient, they will tell you daily what very clever money managers are thinking about inflation.

For anyone interested, here is a chart of long-term treasury rates...you will notice that they have steadily declined over the last 5 years.

LT Treasury Rate Graph

[BooBoo1000]

Look at the date on that chart 2002, you might want to use something a bit more current.

[BooBoo1000]

Look at the date on that chart 2002, you might want to use something a bit more current.

[BooBoo1000]

Look at the date on that chart 2002, you might want to use something a bit more current.

[Dark Skies]

My chart runs from 2000 to March of 2005...current yield on a 30 treasuries per Bloomberg is 4.57%. You must be thinking of someone else's chart.

[Dark Skies]

Correction...not March, 2005 but September 30, 2005. It may take time to transmit all the info if you are on a slow connection.