[crude_intentions]

I don't think Schiffs wrong about decoupling. Just because it has not happened yet does not mean that it won't happen. I don't have any money to invest but if i did I would probably go with the guy who's been right about 80% of the time.

[patience]

Timing is what counts if you want to make a buck. Buy and hold just doesn't seem to be working at present. Of course, those who guessed right in the 30's and bought gold stocks won big later on. But the majority lost their shirts. I'll go with the averages there, and stay the heck OUT of the market for the foreseeable future.

Yeah, everything changes directions, eventually. I don't know if I'll live long enough to see that, though. At least I don't want to bet on it just now. Eventually, I think all that money the FED is issuing to banks will come home to roost in the economy, and that is inflationary.

Other things are afoot at the moment, with other central banks poised to devalue, notably the UK. If/when they do that, and others also, it becomes a race to beggar thy neighbor with devaluations. For a resident of any particular country, the situation could change dramatically, and fast, with regard to the prices of imported goods. I don't see any way to predict the details of that outcome at this point.

At this time, Denninger makes a lot of sense saying to watch the bond markets. Demand for US Treasuries has dropped a bit, and with a huge US deficit looming for 2009, it does not bode well for US financing their deficit. That says interest rates will rise on US T's. Whether they "print" to fight that (by the FED buying T's with fiat or some other trick), and how much, is the key issue that Karl is pointing at now, and I agree.

In order to stay solvent through this, if that is possible, one must be right EVERY time the market changes. At this point, I'm way ahead over the past couple years listening to Karl. That could change in a heartbeat, and lose it all. We are skiiing down the backslope of Peak Oil, and there are a lot of obstacles on the route. It only takes one wipeout to do you in, but we don't have the choice to NOT participate. Scary times, indeed.

[AlexdeLarge]

Dear BHO,

$this->bbcode_second_pass_quote('', 'Y')ou are certifiably insane; only an insane person does the same thing over and over, which has repeatedly failed, and expects a different result.

I hope you enjoy this Barack, because it's all yours, and every man, woman and child in America needs to understand that it is your refusal to do the right thing that has continued the bleeding in their 401ks (now 201ks and soon 101ks or even 51ks), IRAs, and soon their pension plans will all blow up, bankrupting over 100 of our largest firms and putting 10 million more people out of work.

Congratulations Barack; we are now in a full-on economic and market meltdown over the last week and it is getting MUCH WORSE as a direct and proximate cause of your policies.

[nobodypanic]

doesn't anyone get it? doesn't karl get it? we can't go back to where things were. everyone bitching and moaning (well most) has essentially the same underlying assumption: that if only we'd do something different, then we could get things back to the way they were! then the 401ks and pensions and stock portfolios could all be saved. hell, even obama by his actions seems to think that as well. although, even if he didn't, i doubt he'd be able to act differently.

it's over.

the only sane thing left to do is to dump the entire stupid paradigm; to cut it loose before it drags us into oblivion.

[Livewire713]

$this->bbcode_second_pass_quote('pstarr', 'C')orrect. --snip--We have to face the implications of limited growth and opportunity. Either death to most or distribution of wealth. That is scientific fact not political agenda. Until the repubs, demos, and the general population figures that out we will continue to dig our graves deeper.

[Fishman]

Pstarr
I was so hoping for a SLOW crash, you know, drop a few plates at a time, not the entire act. This guy seems to be actively trying to crash the system.
So are you saying we send all our illegal immigrants back? Dramaticly cut back on the nanny state? Jamestown rules, work or starve?
I'm ok with population limitation, no father, no kids right?

[Fishman]

"continue to pour taxpayer money into a black hole "
Rat Hole economics, just amazing.

[Daniel_Plainview]

$this->bbcode_second_pass_quote('Pstarr', 'C')orrect. The entire paradigm must go.The paradigm that says unlimited growth and opportunity in a finite world is possible. The notion that humans can breed like yeast and not suck dry every other thing on the planet has been disproven. That paradigm does not work anymore.

[AlexdeLarge]

The DOW since the Stimulous Bill.........



Hey Obama!!! I don't have any change!!!!!!!

http://www.southparkstudios.com/clips/155590/?tag=Change

[gnm]

So how'd you feel about Bush-boys massive deficits Alex? All for that 700+ bailout were you? I'm not PrObama either. Different sides.. Same coin...

-G

[eastbay]

Handing out vast... unbelievably vast ... sums of money to those who have demonstrably PROVEN that they're failures dealing with money. From failed banks and insurance companies to individuals it's Darwinism in reverse.

Rewarding the weakest and having the strongest pay for it.

It's typical war-freak Obama nuttiness.

[jupiters_release]

$this->bbcode_second_pass_quote('eastbay', 'H')anding out vast... unbelievably vast ... sums of money to those who have demonstrably PROVEN that they're failures dealing with money. From failed banks and insurance companies to individuals it's Darwinism in reverse. Rewarding the weakest and having the strongest pay for it.

[Plantagenet]

$this->bbcode_second_pass_quote('AlexdeLarge', 'T')he DOW since the Stimulous Bill.. Hey Obama!!! I don't have any change!!

[eastbay]

$this->bbcode_second_pass_quote('jupiters_release', '[')b]They, whoever they are, aren't the weakest if they have the political power to take the people's money. Darwinism has nothing to do with a 'strong' business system that's destroying the earth.

[jupiters_release]

$this->bbcode_second_pass_quote('eastbay', 'I') could have been clearer... I thought it was obvious, but maybe not. 'They' defined:
-On one extreme I was referring to AIG, BS, CITI, GM, and the many recipient banks etc... getting rewarded. --snip-- And expected from someone who tosses himself a 1/4 billion dollar party and believes war is good. America, you all got suckered big by this Chicago thug. We tried to tell ya...

[eastbay]

I hear ya Jupiter... it's just that I don't get the sense of rewarding those who failed the most. It gets so very annoying to constantly hear what a wonderful thing is soon to be happening with the economy with the actions of the new president.

And in reality it's mostly a matter of implementing decisions made by others. Largely the same others making the decisions for Bush and Clinton.

By 'thug' I was talking about Obama carrying out the decisions. As thugs do.

[Ludi]

$this->bbcode_second_pass_quote('eastbay', ' ')It gets so very annoying to constantly hear what a wonderful thing is soon to be happening with the economy with the actions of the new president.

[vision-master]

$this->bbcode_second_pass_quote('Ludi', '')$this->bbcode_second_pass_quote('eastbay', ' ')It gets so very annoying to constantly hear what a wonderful thing is soon to be happening with the economy with the actions of the new president.