Posted on 08/29/2015 3:04:20 AM PDT by HomerBohn
The "rallies" the last few days will, unfortunately, cause many of those who have got out to get back in, or convince those who were getting out to rather stay in the markets until it is too late. That may have been the intension of those who are manipulating the markets and currencies.
~snip~
“...China can lose all of its gains for 2015 in the span of a few weeks despite institutionalized stimulus measures lasting years,”
I thought I heard China didn’t, or has not, choose(n) to implement a “stimulus measure”???
From everything gathered, no one I know, who even sparingly follows any of this global economic interplay gives a rats ass...
Until it bites you of course, but by then, some of us will already be out of the kill zone, making tortillas, popping popcorn and watching what is left of this phase in our global circus...
Markets are supposed to go up and down. We all can find someone holding a “The end is near” sign if we look hard enough.
As the journey to that store, make a mental note to observe all the “Help Wanted” signs, then come back and tell us once again how the economy is improving. The only real thing that is improving is the amount of “giveaways” being received by those who choose to stay unemployed, the benefits at too great to actually go to work. A “gimmedats” paradise.
It has turned into a large confidence game now. The game does have the superficially helpful effect that everybody keeps believing in all this fiat money and any inflation is far smaller than the dilution of the overall money supply. But the game has the bad effect that people are standing agape at the government and saying “Yes, Master” to just about anything that comes down the road. You’d think that surely something like Obamacare or “gay marriage” would be enough to get people walking out on the confidence game, but people are scared to do it.
Did you write this sitting on a window ledge twelve stories up? Our current economy in spread and depth bears no resemblance to 1929
If the US adopts a protective policy of less taxation less regulation and some intelligent tariffs our economy will stabilize and gradually grow. And we will repatriate industries from other countries
He doesn't mention the fact that there is more than $12 TRILLION in private UA capital sitting on the sidelines waiting to invest. It can't go anywhere but the stock market ...unless things turn in which it goes into direct investment.
Many experts---and they on all sides of this---say we should have had a 20,000 Dow years ago.
All ANY market is is confidence, faith. Capitalism demands a "faith sacrifice" before you get rewarded. Yes, you apply reason, but Frederick Tudor had NO evidence Americans would take to iced drinks. Sam Colt THOUGHT a revolver would be useful but had no proof til, years later (after a bankruptcy), Texas Rangers used his pistols successfully vs. Indians. On and on.
What is lacking today everywhere confidence--confidence in American power, will, direction. You don't need to turn the Titanic back to England , just steer clear of the iceberg. It would not take, for example, the election of a Trump to start a massive shift---only the strong likelihood of his election. And not because of any particular POLICY but because of confidence.
Government burden discourages investment nowadays.
The referring site should change its name to “The Sky Is Falling. ...Again”
Agree. All you need to have to stimulate investment is the probability that the burdens will be lifted or minimized. You start to get the benefits of a plan the minute it becomes likely.
Here are some more statements:
Sept. 1929
“There is no cause to worry. The high tide of prosperity will continue.” Andrew W. Mellon, Secretary of the Treasury
Oct. 14, 1929
“Secretary Lamont and officials of the Commerce Department today denied rumors that a severe depression in business and industrial activity was impending, which had been based on a mistaken interpretation of a review of industrial and credit conditions issued earlier in the day by the Federal Reserve Board”. New York Times
Dec 5, 1929
“The Governments business is in sound condition.” Andrew W. Mellon, Secretary of the Treasury
Exactly what we are hearing today....
Today it looks like sheer miracle is all that is keeping the economy afloat.
Here are some more statements:
Sept. 1929
“There is no cause to worry. The high tide of prosperity will continue.” Andrew W. Mellon, Secretary of the Treasury
Oct. 14, 1929
“Secretary Lamont and officials of the Commerce Department today denied rumors that a severe depression in business and industrial activity was impending, which had been based on a mistaken interpretation of a review of industrial and credit conditions issued earlier in the day by the Federal Reserve Board”. New York Times
Dec 5, 1929
“The Governments business is in sound condition.” Andrew W. Mellon, Secretary of the Treasury
Exactly what we are hearing today....
“Government burden discourages investment nowadays.”
Try working some overtime one week and see your paycheck reduced to fifty per-cent of the gross amount.
Then watch at the end of the year as a new tax bracket has been passed and your tax liability goes up.
Absolutely amazing.
IMHO
The truth is, as America and the West try to raise the standard of living in 3rd world countries, the standard of living in the west will decline. There is more competition. It was great when the Soviet Union and Communist China were closed and did not compete. Technology has also had a hand in it.
If the West wants to to maintain the high living standards, they have to stop helping the 3rd world...and stop the 3rd world from migrating to the West.
Best post yet.
all of us commonfolk have seen the price of meat, eggs, and milk rise dramtically ...eggs are up 3 times, meat has damn near doubled or more, milk is up at least 50% and the cost of everything else has gone through the roof as well. Services and other goods have done the same. Tires way up as well. And that's only the damage Obama's horrible economic and regulatory policies have had on this country. The debt he has run up is astonomical - 18 + trillion from the 10 trillion when he first took office; an increase of 70 %! hell when you keep handing money over to your enemies this is what happens! I lay all of this on O's shoulders. He has the Labor Department liescontinously (or should I say omit very pertinent facts to skew the numbers) to tye public about our unemployment and our current situation. I have never seen so many people struggling financially as this day and age. And he continues to golf on the finest golf courses while his wife jets all over the world eating the finest food and desserts while telling children they should eat heir veggies. The fact is the horrible state of our country is a direct result of his action and he owns it. If there is ever a book written on what not to do as a preident he will be the perfect example.
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