I didn't write this. Im not very good at typing...
I do agree with this guy though, I couldn't have said it better...
Far-Fetched, But This Is A War of Bulls and Bears… Economics of Countries and Debts and The Decay of Mans Choices…
THE HEADLINES COULD BE READING:
IS THIS THE DAWN OF THE GREAT DEPRESSION II
The World is Asking So Many Questions that has brought about a market on the abyss of true change for the better and/or could be far worse. This could be the signal of the Double-Dip Recession or we may sneak out of all this with just a few bumps and empty bank accounts.
It will remain a question for many trying to make sense of when does this new word “Austerity” start to affect me and my families if I am still employed or a public worker as a fireman or law enforcement that are seen in Greece being the first affected by Austerity measures.
I think the Egg management fee has well exceeded its limits. Its much too much now and Oil is the the theme as it will continue going lower due to the deflationary fears.
The theme for the dollar and the other currencies along with the hedge of the precious metals of GOLD will be a play of making still a stronger dollar emerge due to U.S. holding a lions share of the Gold Reserves. China along with some of the very few players that can hold a bluff at the worlds poker table is no longer able to trump as it once had the leverage before. They will need to be able to keep Yen equal to or near pegged to the Dollar and allow the slow or ease to the EUR and buoy to the EUR and not allow for the YUAN to over heat to over run any of the other currencies to cause their already delicate economic recovery teeters to a full declining recession due to real estate bubble debt collapse.
The idea becomes plausible to hold this as the current theme for the moment that China may equalize dollar and peg yen to Dollar maintain YUAN…
Oil will be balanced to lower $45-$55 range being the most likely as the path of least resistance you might see. Why comes from most likely the concerns from oil nations and the Arab Economy as agreed to behind closed doors.
Why is this really all being done, it is clearly to divert a double-dip recession or that of another depression that would be greater than the one so long ago.
Reading so many journalist throughout the day, one stuck out and came to the top,. He has a way with words and has made his way and tells it like it is. As Todd Harrison had said, “That last dynamic is perhaps the most daunting. Between the bear market in China, uncertainty in Europe, stateside budget gaps, upward taxation, and austerity measures, it would appear as if we’re on a collision course with an inevitable destination. To that end, I will draw from three of my past columns with hopes of providing some context”. And he also had another good comment that stuck in my head when he wrote;
“He is Deflation. Painful, all-consuming, watershed Deflation. While the mainstream media continues to monitor inflationary pressures — and yes, this exists in some corners of the economy — this particular Phantom won’t discriminate between victims. The weakness we’ve seen is the probability of this demon being priced into the collective mindset.”
To be sure, after that column posted and following an additional 15% haircut for commodity prices, asset classes across the board enjoyed a spirited sprint higher. We know now that was the “blow off” phase of the rally, the “panic” portion of the denial-migration-panic continuum that defines all market moves, and we know what happened next.
In February 2008, we offered that policymakers were navigating Our Wishbone World in a manner that would further crush the middle class. And I quote:
“Let’s look at both sides of the great debate. To the left is the socialization of markets, nationalization by governments, and a road to hyperinflation. To the right, we have asset class deflation, risk aversion, and the unwinding of the debt bubble.
If the Northern Rock nationalization is the first in series of similar steps, we could conceivably see the stateside assumption of mortgage debt by the US government. This would hit the dollar and spike equities, at least until interest rates rose to levels deemed attractive as an alternative investment.
That is the hyperinflation scenario, one that is presumably preferred by the powers that be as an alternative to watershed deflation. The “haves” would fare better than the “have not’s,” which would include the former middle class that suffers as a result of moral hazard as the costs of goods and services skyrocket.
The other scenario is the draining of liquidity from the system, which would ignite the fuse for a higher greenback as currency becomes scarcer. Asset classes across the board, from commodities to equities, would deflate and impact the top tier of our societal structure that is tied to the marketplace.
This is, quite obviously, problematic for many policy makers and the constituencies that bankroll them. Deflation in a fractional reserve banking system means that they have, for all intents and purposes, lost control of the economy. It is an admission of defeat, albeit one that may be unavoidable” (Harrison, Minyanville 2010, 19).
I will still continue the theme that we all need to get the idea that we have gotten off track with our spending habits. The way we look at our friends and our neighbors. How we have pushed the creator out of our daily lives, if you have a religion or faith of belief in the creator of “I am” also know as “GOD” for those that did not know those connected names as he is also known by others.
To end this article post, you really need to bring this to focus on what made it all happen. This is all about moral, ethical, and morales with the loss of virtues that continue to erode our nation and many other nations around our world. This is the time to stand up and make a change individually first, then within your family, to invite back a calmness of knowing a creator that can be part of your daily life and bring yourself and the ones you love to live within their means.
It is that simple, it starts first from there; and it goes forward. I call it as certainly a few before me have, “paying it forward”, mentality. A paying forward of helping your neighbor as this builds a village to a nation to a global world of sustainable growth as I think we all seek. As far as investing and winning in the stock market, just try to take risk and make it a smaller portion of what is considered a manageable risk. What is a manageable risk. Great question? Risk is when you feel you are no longer afraid that anything can ever be taken away from you and the house always wins. Its the end of the story in the Bible if its a book you have ever read. The bet has already been set and the hedge is set.
WE ALREADY KNOW THE WINNER… Best way I know of explaining of being on the side of risk when it comes to the ultimate side of risk. Eternal risks.
Far-fetched, Not Anymore…
Peace for now I am out of here…
James G.
I agree..not clue what he's on about..
