Thanks JGF.Great to see you post & miss your show.
We do live in interesting times....
Thanks JGF.Great to see you post & miss your show.
We do live in interesting times....
My barometer is a Mafia Family son who did NOT go into the Family Biz.
He's spent his life living JUST beneath the surface, living in the cracks...
He's an Old Line Democrat from an Old Line Democrat Family. He is STRONGLY in a JFK Dem place.
LOVES the Conservative Dem line.
HATES the Shine as he calls him.
Anyway he says to me last night that what HE is hearing under the surface is that it is going to get bad, not like now but MUCH MUCH worse....
"I must not fear.
Fear is the mind-killer.
Fear is the little-death that brings total obliteration.
I will face my fear.
I will permit it to pass over me and through me.
And when it has gone past I will turn the inner eye to see its path.
Where the fear has gone there will be nothing....only I will remain"
[Frank Herbert...Bene Gesserit Fear Littany}
night driver's I-garage:
http://bluemudpatriot.wordpress.com/
I've always wondered what the 1920's and 1930's were like, but I never wanted to see it from the German perspective.....
www.johngaltfla.com
If the economy were not being manipulated, that would be true. But...
1) consider Greenspan's remarks about the stock market being the only benchmark that counts, i.e. the Fed is printing money like there is no tomorrow in order to reinflate the bubble and ignoring the effects on savers.
2) The Fed also has gamed interest rates absurdly low in order to avoid turning our catastrophic (short term) debt levels into a meltdown. They have to maintain low rates as long as possible, which is good for the Market, or else game-over vis vis the national debt, which as I understand it was financed by the geniuses-in-charge with short term debt at a time of absurdly low interest rates which could only go up. Assuming that eventually the farcical economic stats are recognized for what they are, and once serious inflation does take hold, cash/corporate bonds/T-bills/fixed rate instruments will plummet in value. Stocks are defensive with against a backdrop of inflation.
3) So, where else to put money? You can either fight the Fed and go with precious metals, or you can assume there is more life in the bubble. John is clearly saying there isn't. But for those who got into the right stocks this year, there have been some impressive paper gains. And that may be the strongest argument for predicting impending profit taking and rotation into defensive sectors.
4) And there is an argument that if indeed the market is being gamed, better to go with the gamesters than against them, for they have the tools at their disposal, as well as many of the Presstitutes.
You and I see Right and Wrong as separated by a sharp line, effectively drawn with a new razor blade. HE sees that line as about 50 feet wide with a LOT of room to move around in there...and it's ALL shades of gray...
He's a laborer.
Living between SSDI and a hard place. No REAL fixed address, and has spent as much time in the shadows as in the sun as it were.
He's more comfortable with the guys who pretty much live on park benches in the summer and go to the Keys in the winter.
And the folks on the bottom of the ladder are getting DAMN SCARED.
And RELIC and I are SLOWLY working on dragging him, kicking and screaming from his Italian Family Catholic misunderstandings of God to the Light and to a relationship with Jesus...it's a danged slow slog....
And his current best friend is a Senior Special Agent in Charge working the local corruption probes, SEPARATE from the local Office...
He's concerned, and for HIM to get concerned is interesting.
"I must not fear.
Fear is the mind-killer.
Fear is the little-death that brings total obliteration.
I will face my fear.
I will permit it to pass over me and through me.
And when it has gone past I will turn the inner eye to see its path.
Where the fear has gone there will be nothing....only I will remain"
[Frank Herbert...Bene Gesserit Fear Littany}
night driver's I-garage:
http://bluemudpatriot.wordpress.com/
Shine I haven't heard that in a long time, since all the oldtimers died. Mavro is another my Greek grandfather used.
yeah it's going to get worse but I hope SAE will hit $25.00 so I can buy more first.
I ain't askin' nobody for nothin' if I can't get it on my own
you don't like the way I'm livin
you just leave this long-haired country boy alone-CD
An LCP is my CC (constant companion)
There is a time, in every casino game rigged or not, to take profits. Sometimes the most intelligent move is to defy the gangsters, take profits, watch the collapse then buy at the lows. Because the next level of QE will be well over $250 billion per month or the economy will contract at an accelerated rate due to economic instability worldwide.
I've always wondered what the 1920's and 1930's were like, but I never wanted to see it from the German perspective.....
www.johngaltfla.com
This is interesting. WHY would they be getting scared?
Are soup kitchens or overnight beds more short supply or more in demand than every before?
If they're living on the bottom of the economy as you describe, than what's different now than has been true other times, such as seasons or years of short term shortages in AID in various forms?
Can you be more specific in the indication that have the folks at the bottom of the economic ladder more scared than they might be scared from time to time during the previous several years?
Thank you very much.
Border Collie
On the Internet, no one knows you're a dog.
I've always wondered what the 1920's and 1930's were like, but I never wanted to see it from the German perspective.....
www.johngaltfla.com