GOP gains major ground in confidence polls

[30ashopper]

....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.

Over the short term, the last year or so. Schiff was saying emmerging markets were the place to be, but clearly that was bad advise. The dollar was a better investment. Going forward from here, I wouldn't be in the dollar.

I still though do not have a feel for when and if inflation will hit. We are still in a deflationary state with spending down, credit down and savings up. If something triggers a massive burst in spending, inflation will rage, but that will require a huge gain in consumer confidence and an increase in lending - neither of which I can see any indication of or hope for over for the rest of the year or longer.

 

[Busta Hustle]

I still though do not have a feel for when and if inflation will hit.

Here's a guess. Part of the scenario of the timimg of inflation and hyper inflation may be based on how fast the feds buy (over pay) the toxic mortgaes (more coming thru 2012) and then resells them to the huge investment groups and then how fast those groups get them back into the hands of individuals. The second part may have something to do with when the lack of production of commodities catches up(down) to a level so low that prices sky rocket on demand. you gotta eat. Get used to this depression style economy, it will probably be around quite awhile. Inflation is being held down by government spending and lending is it not?
So other than investing in the chosen state owned run subsidized (Goldman Sachs)etc., where else is an honest investment to hedge against inflation?

 

[SHELLY]

Over the short term, the last year or so. Schiff was saying emmerging markets were the place to be, but clearly that was bad advise. The dollar was a better investment. Going forward from here, I wouldn't be in the dollar.

I still though do not have a feel for when and if inflation will hit. We are still in a deflationary state with spending down, credit down and savings up. If something triggers a massive burst in spending, inflation will rage, but that will require a huge gain in consumer confidence and an increase in lending - neither of which I can see any indication of or hope for over for the rest of the year or longer.

..you're assuming the "spending" that will trigger inflation will be done by us debt-ridden Americans. What about the rest of the world?

For example...China has got big bucks and lots of people who can spend said bucks (or yuan). Suppose they should all ditch their bikes and buy cars and China builds roads and infrastructure to create jobs to pay for those autos. The increased demand for fuel alone can cause the price of oil to spike and the increased price of oil results in a chain reaction raising the price of transportion; heating and electricity; and the processing and shipment of food...Viola! Inflation in the US, Made in China.

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[30ashopper]

Interestingly enough, Schiff was on The Daily Show last night -

Peter Schiff | The Daily Show | Comedy Central

 

[SHELLY]

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.

Why not "stick it to them" and pick up some MCD, KO & DIS? I'm holding the first two--not too keen on DIS at this point. Wait for the next big dip and jump on in.

<Disclaimer: This stock recommendation is for entertainment purposes only. Investors should carefully consider investment objectives, risks, fees, charges and expenses before investing any money.>

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[Interrogator]

On my trip throughout the UK--once folks knew that I was an American--one of the very first things they asked was, "What do you think of President Obama?" I told them that I believed he was the only person for the job of President that could steer America through this financial crisis (...not fix it, just get us to the other side)...and they all agreed--ALL of them. Obama is like a rock star to the folks over there and he and the First Lady are held in high esteem...moreover, they also think that Americans did the right thing by selecting him to lead the USA.

Just an observation--but somehow I think that the McCain/Palin team would not have generated the same interest or admiration from our friends across the pond.

From the moment I stepped off the ship in UK, headlines <in fonts and point-size reserved for declarations of war> were screaming how the MPs were fiddling their expense accounts. The entire country was in an uproar and on the verge of a total political meltdown; I expected there would soon be a strong demand for torches and pitchforks--it was a political mess, and included all the parties. And yet, in the midst of all of that, I was amazed to see folks stop and watch Obama speak when he came on TV, and a few even passed comment that they wished the UK had someone like that.

Maybe the majority of the US has lost confidence in our leader (if one is to believe the GOP rhetoric)--but from my perspective, and from my observations, he's one of the best on earth at present.

My favorite British politician, Daniel Hannan, sees things quite differently. Unfortunately the Obama administration seem to be headed down the same path.

YouTube - Daniel Hannan MEP: The devalued Prime Minister of a devalued Government

 

[Lynnie]

My favorite British politician, Daniel Hannan, sees things quite differently. Unfortunately the Obama administration seem to be headed down the same path.

YouTube - Daniel Hannan MEP: The devalued Prime Minister of a devalued Government

Wow! Very succinct! Talk about calling a spade a spade! We do need someone like that here!