Posted on 03/05/2009 8:20:10 AM PST by Dallas59
As serious as a heart attack. My father is a pretty bright retired analyst. I turned him on to KD a few months ago and now he's hooked. Now my dad sends me email reminders to read KD's latest essays!
There isn't one thing KD has predicted that hasn't come true. Forget politics, forget hope & change. It's all mathematical certainty. That's the reason for the bail outs - the Dems think they can stop the cascade with the backing of our $US dollar.
I’m not knocking him, don’t get me wrong. He does sound like he has a firm grasp on the situation.
It’s a matter of style. Imagine the same news event being reported by (a) a British gentlemen, proper, stiff upper lip, etc. and (b) a hysterical, shrill teenage girl.
The message is the same. But for my taste, I’ll take the serious Brit. It’s a question of personal taste.
not if you have money in the markets....
Hats off to you. How’d you manage? Selling short in the market?
Denninger estimated that 4200 would be optimistic
KD has some misguided, naive belief that if he can just convince DC to do the "right thing", much of the pain can be averted.
I say, bring it on B! If we miss this opportunity, and the central government survives, it will only get stronger. At that point, say hello to the boot in your face forever.
“Are you better off now than you were a year ago?”
Hell, in Weimar Germany the question would be, are you better off than you were an hour ago.....
>> Hats off to you. How’d you manage? Selling short in the market?
Oh, no. I’m not investor grade material. It’s much more mundane and circumstantial than any brilliant marketeering on my part.
>>The message is the same. But for my taste, I’ll take the serious Brit. It’s a question of personal taste.<<
I agree:
http://www.youtube.com/watch?v=8-QNAwUdHUQ
:)
He sure is giving America a new variety of "confidence," is he not?!
bookmark
I’m starting to warm to your way of thinking.
At worst, even if saving and “galting” (or as you put it, “starving the beast”) don’t bring Barry down, it seems like the honorable thing to do anyway.
It’s very clear that the Dems economic strategery is doomed to fail. Even if they had good intentions it probably wouldn’t work — and they so transparently do NOT have good intentions.
I don’t have overwhelming confidence in the success of your strategy either, to be frank, but just might work and there’s not much to lose in trying. The only other *effective* alternative I see (not that I’m advocating it!) is bloodshed and that would be a major bummer. A third party strategy is doomed to fail IMO, and the (R) party is far too firmly dug into the big government pork barrel at every political level.
So what the heck.
Interesting- thanks. I am willing to listen to gloom and doom as long as it’s truly based on FACT and reasonable assumptions.
This is a worrisome moment and I’m not pollyanna- nor am I henny penny...
Oops, it's at -235 now. That's what ZERO will call an :up and down gyration". So don't worry, everything is fine... The DOW falling 1000 points in two weeks is "normal".
I've never seen nothing like this in my life! I did manage to sell off the last of my stock and get out of the market today though, thank goodness.
Lesson: don't hang on to anything for more than a day.
High volume "wildly gyrating" stock are fun to day trade, but it is ultimately a sell off, so the volume dies off along with the number of traders, so picking off profits on nickle and dime increases dwindles away quickly as well.
Obama IS going to wake up, (or rather, his advisors will eventually "advise him" properly after they are done sweezing everything they can out of the markets) that he can no longer spend, because the nation is broke, and all the private capital has left the country so good luck finding any of those "rich" to tax.
That will be the time all his supporters are woken up as well, when Obama is forced to tax the crap out of them, and take back all his promises.
Then we will smell tar boiling.
I fold.
bookmark
Good point! Though with his forecast and perspective- we don’t need any hyberbole...reality is rough enough.
It’s worth remembering the “depression” didn’t happen overnight after the Crash in ‘29..it took time for the effects to flow out into the country.
Not sure if you’re listening to Rush- but he’s discussing this the topic of the economy now...he’s sobering..
He says not to worry about the stock market but the next day tries to get people to buy stock. If he isn’t worried about the “day to day” gyrations then why push buying stock to the public? The guy is so transparent but his worshipers can’t see it.
Will they have seedless water melon or seeded that is the burning queation.
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