Posted on 06/06/2009 8:53:17 AM PDT by kellynla
You’re both right. Celente’s piece lacks critical thinking. We don’t function in a vaccum and millions of producers/entrepreneurs are not going to just suicide. They’ll fight and find a way.
We’ve survived other idiotic administrations and economic crises. We’ll survive this one and adapt as only the free market can.
You must be related to this guy. That’s the only way I can explain your childish retorts to anyone who dares to question him.
Piffle! The world is going to end on 12/21/12 so it really is a moot subject.
Sadly, even guys like Barry Ritholtz who otherwise get it are calling for more regulation of the financial industry. Would two cops ignoring the crime have made the crime less serious?
I mean SOX is a disaster and the new taxation on commodities will just lead to higher food prices for the average person.
Smaller, less intrusive government is simply too scary for some to contemplate.
Where are the wealthy people going???
And what “childish retorts” might those be?
Well, yes. It doesn't help that you put EVERYONE through school or even college in order to be "fair," and as a result have to dumb down what is taught to the better students. Some people are better suited--and happier--doing manual labor, which they will end up doing anyway, assuming they don't turn to welfare and foodstamps, or mugging and drug peddling, instead.
Yup. The peak in the middle of the 'W' are the 'green shoots' we're supposedly experiencing presently.
I thought I saw some predictive shipping data recently that suggests a terrible Christmas, retail wise.
This merely demonstrates their arrogance. They think they can get ahead of technology that they can guide it and control it. But it is coming so fast that it is bewildering and no government can hope to master it. In doing so it might be able to throttle it but I cannot master it.
What ever form the revolutionary new technology takes, it might just be enough to redeem us from all of the mistakes and waste which will be the inevitable result of Obama managing a command economy from the top down.
Like Denninger too?
What's Dead? (Short Answer: All Of It)
"Civil unrest will break out before the end of the year. The Military and Guard will be called up to try to stop it. They won't be able to. Big cities are at risk of becoming a free-fire death zone. If you live in one, figure out how you can get out and live somewhere else if you detect signs that yours is starting to go "feral" - witness New Orleans after Katrina for how fast, and how bad, it can get."
The bad news is that you won't have a job, pension, annuity, Social Security, Medicare, Medicaid and, quite possibly, your life."
And others:
Listening to Kudlow on WABC right now saying the exact opposite.
Soooooooooooo, Obama said unemployment if we do the stimlus package would not go over 8%, well guess where it is now..and we did the stimulus!
This might be of interest to you
http://www.thestreet.com/story/10509077/1/dry-bulk-stocks-fall-on-worrisome-data.html?puc=_tscrss
I will make an extraordinary statement, Jimmy Rogers is a very humble man. I don't mean he is a hand wringer or a cringing fellow, I mean that he accepts the limits of his ability to understand. His skepticism which at times verges on cynicism, is easily confused with arrogance and he has a shortness of manner which would lead the untutored observer to conclude that he is in fact arrogant. But that is the opposite of the truth.
If you watch the television interview from which the article to which you refer is derived, you will see and hear him say what a terrible trader he is. You will hear them say that such and such is unknowable. That is the essence of humility and it is a far cry from what we are reading of Mr. Celente.
Jimmy Rogers has a decades long record of giving concrete investment advice which is proved perspicacious. He is not a one act play.
You are right, he too sees inflation on the horizon but he knows the limits of his ability to time it and to define the limits in the social consequences. He thinks that the effects will be bullish for commodities and he acknowledges that gold is part of his portfolio. He says he is not short stocks, a situation which for him is nearly unique, because he believes inflation might blast off in the market. But he does not have enough confidence in his judgment to be long the stock market except for some remaining holdings in China. Another example of his humility.
I’m currently reading Amity Shlae’s “The Forgotten Man.” Lots of parallels from the depression years with what’s going on today. I don’t doubt that there are hard(er) times ahead.
It may be fashionable to blast GM, but not all their products were/are junk.
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