[Leanan]

At FinancialSense.com:

http://www.financialsense.com/stormwatch/2005/1123.html

[MacG]

Very well written. Thanks!

[strider3700]

Well that ended far happier then I expected. The real idiots got totalled and the mostly stupid just didn't make out as well. Still it's a great piece to read and it keeps reminding me that gold isn't a bad choice of what to do with my money.

[BabyPeanut]

$this->bbcode_second_pass_quote('', 'W')ith arb opportunities thinning out, the solution was more debt.

[stu]

So 2006 is the year it all goes wrong.

Lets wait and see what happens.

[jaws]

$this->bbcode_second_pass_quote('BabyPeanut', '')$this->bbcode_second_pass_quote('', 'W')ith arb opportunities thinning out, the solution was more debt.

[dissimulo]

The end felt a bit like Oil Storm, where the Russians came to the rescue and all was well.

[something_awfull]

yeah,the ending seemed a bit 'rushed', but definately worth a read.

[killJOY]

I really like Jim Puplava.

So I was disappointed to get to the end and find complacency.

If this was a fable, then the moral is:

DON'T WORRY. EVERYTHING COMES OUT IN THE WASH.

[dbarberic]

$this->bbcode_second_pass_quote('stu', 'S')o 2006 is the year it all goes wrong.

Lets wait and see what happens.

[lateStarter]

I'll check again, but I was under the impression that this was not the end of the story (In other words, there would be a part 5). The intro with the delayed terrorist activity led me to believe they would be making an appearance by the end of the story, but since they didn't - Wait for part 5!

It did not seem like a 'happy ending' story to me or even the end of the story at all. Most likely, we will see another addition to the account that interweaves actual events as they unfold in 2006.

Please tell me that was NOT the end of the series! If it was, they get a thumbs down...

[RdSnt]

http://www.financialsense.com/stormwatc ... ml#barbera

I'd recommend reading this article. Barbera and Puplava collaborated at the beginning wth Barbera providing the broad outlook and the series that Puplava has written as the details along the way.

In its general outlook Barbera has been remarkably accurate.

[donshan]

$this->bbcode_second_pass_quote('Leanan', 'A')t FinancialSense.com:

http://www.financialsense.com/stormwatch/2005/1123.html

[BabyPeanut]

The "John and Terry Wheeler" story where they "swallow the camel" by getting a loan for a house and then "strain out a gnat" with a realtively minor amount more to actually live in the house is too funny.
$this->bbcode_second_pass_quote('', 'W')ithout ever realizing it, both John and Terry had become addicted to credit.

[cube]

That was actually a decent read. I thought it was funny how the Wheelers were portrayed as financially ignorant. I guess they were suppose to be representative of the average American couple. However in the end they still made a gain of $200,000, nothing to sneeze at. My gut tells me that when the real financial storm hits the average American won't be getting off the hook that easy....and here's why.

Traders and investors have a saying, "Bulls make money, Bears make money, but Hogs get slaughtered."

The Wheeler's friends the Bensons were hogs and that's why in the end they lost money. They were sitting on a profitable position and they could of cashed out early and be happy with the profits. But they got greedy and kept on holding out expecting prices would go in their favor indefinitely. This is what a trader means by a "hog".

Most Americans are "hogs". In all fairness it's not because of greed but ignorance. We have been "educated" by the "media/education system" that the secret to investing is buy and HOLD HOLD HOLD. The concept of closing your position early and being happy that you made a reasonable profit (what the Wheelers did) hasn't been advocated by the financial elites. They have a vested interest in keeping the public ignorant.

[strider3700]

True

The longer a market goes up and up the more people that jump in and the more that they "invest in it" look how many people jumped into the dotcom's and lost most of it.

I got the points the story was trying to make I just didn't like the ending. I was looking forward to seeing the results of the terrorist event.