Isn't this how the cycle works? We need to go through the inflation to come out on the other side? So, it's a matter of how high and how long it lasts....
GOP gains major ground in confidence polls
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Isn't this how the cycle works? We need to go through the inflation to come out on the other side? So, it's a matter of how high and how long it lasts....
Well, the enlightened masses could always refuse what we offer. Funny that they rarely do. But they too seem to have an insatiable hunger for McDonalds, thirst for Coca-Cola and fondness for vapid pop culture like Disney;it kind of knocks some of the shine off of the international blowhard's (can we have fun and label them xenophobes?) gilding.
30A Skunkape;573696[B said:
Internally that is true as well-- it is like Rick Perry of Texas or Mark Sanford of South Carolina refusing stimuilus funding... at first. Then, while the cameras are on, they will grandstand a bit politically, but eventually they will politely accept the money and it will be on page 6.
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I agree Lynnie. I'm from LA.
I just watched The Daily Show and Peter Schiff was on there - I'd never even heard of him.
They showed clips where he predicted the current state of the economy over and over on FOX and they laughed at him. I don't know much about him, but expect to hear more.
I am not with either party. I would LOVE to see someone great on both sides - then we would all be winners no matter the outcome of the next election!
G
Are you talking about hyperinflation? I always thought that the Fed at least has the ability to keep inflation in check by raising interest rates. Whether they are willing to do that is another story. So what kind of scenario do you see?
YouTube - Peter Schiff was right 2006-2007 - CNBC edition
Here's Pete Schiff's website: Euro Pacific Capital : Because there's a bull market somewhere.
Proceed with caution--he's an uber-Bear and makes some plausible arguments for transferring all your dough out of dollars and into foreign stocks and gold (which his investment company will be more than glad to assist to that end
). But if you look beyond his agency's plug, he's got a lot of good commentary and articles that will give you some food for thought going forward..
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This was a complex issue the news media did a really lousy job of explaining. I personally don't have any issue with taking the stimulus money, it's our money. If the Feds want to give away handouts I'd rather see that spent here in Florida than in a a state like California. But when the feds attempt to use those funds as a way to promote certain political objectives within states? Then I'd have to refuse.
My version of the equation:
invest money in assets + all asset values plummet due to lack of regulation and enforcement of safeguards = government's fault
My portfolio value varying is not the government's fault - multiple calls to the IRS not catching Madoff doing anything wrong, closed room meetings to manipulate the market, and large scale financial impropriety on the scale of billions IS!
YouTube - Peter Schiff was right 2006-2007 - CNBC edition
Here's Pete Schiff's website: Euro Pacific Capital : Because there's a bull market somewhere.
Proceed with caution--he's an uber-Bear and makes some plausible arguments for transferring all your dough out of dollars and into foreign stocks and gold (which his investment company will be more than glad to assist to that end
.
His biggest miscalculation was not seeing the dollar as a global "investment of last resort". Other than that he pretty much nailed it. So did Roubini.
....you think the dollar is a "global investment of last resort?" We haven't even reached the "last resort" phase of all this mess yet.