"We expect a drastic markets tragedy in May-July 2010 upon convergence of negative, multiple markets’ events."
"20 Years Of Stagnancy Like Japan is the forecast offered by some smart analysts. This would depend, of course, on maintaining some semblance of economic control on an interconnected world of global economic snakes. Quite frankly we have no confidence in that one. However, if command-and-control fascism becomes pure, or a combo of communism-capitalism gains power as in China, all bets are off. Anything is possible. We like to think in maybes and probables with emphasis on potential Black Swan variables."
"None of this can be reversed until economic conditions allow employers to hire people. In the U.S., current administration policies are defeating employers large and small at every turn; at every decision. Increased taxes are job killers."
"How many auto plants are now closed forever? How many that had multiple-shifts are now on one shift, or on one slow shift? How many new commercial buildings are not being built? Answer: More than most would imagine."
"While modern agriculture can produce massive amounts of food, demand is growing even faster and Mr. Weather, the largest equation Black Swan, is upside down."
Ping!
Summarize this for me. Where do I put my money for 2010-2011?
Wow, good post! We are in for a rocky time, but a time not without opportunities.
“After our current correction is completed I expect $1325 to $1375 this spring [for gold].”
“We forecast the March, 2010 silver futures reach a new intermediate high of $21.50-$22.00. Higher is possible.”
It certainly is a Perfect Storm, that’s for sure. Too bad there’s going to be so many other problems associated with this.
But, plan for the worst and hope for the best.
This despite families doubling and tripling up under one roof for sheer survival, and an anti-business Administration not letting companies hire, as he said earlier? In addition to trucking being down as well, because the consumer is out of money?
Color me...skeptical.
Cheers!
2) These folks often point to free trade or market capitalism as the "reason for the problem."
3) Regulation is passed in order to make “capitalism work for "everybody”.
4) The regulation produces impacts that the regulators never saw coming – screwing consumers and small businesses that was never the intention of the regulation. The regulations themselves are often inspired by, written, and welcomed by, the major companies being regulated! The regulations turn out to make the companies being regulated MORE profitable and increase their market power. See the tobacco settlement, see the myriad auto safety regulations, see the health insurance industry, see the toy industry, see the Clean Air Act,…
5) Critics call this capitalism again.
6) Enlightened regulators try to improve regulations, carve out exemptions, and undo the poor consequences from the first round of regulation.
7) Return to step 2.
From "theunbrokenwindow.com"