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Ugh.......not quite. LOL.

http://www.history.com/topics/great-depression "By 1933, when the Great Depression reached its nadir, some 13 to 15 million Americans were unemployed and nearly half of the country’s banks had failed. Though the relief and reform measures put into place by President Franklin D. Roosevelt helped...

Daal, the Gold standard absolutely destroyed those countries that were on it. Getting off the Gold standard DID help them. But that is separate from US policy. Daal monetary policy did not end the depression. You can read this paper. "This paper is about the size of fiscal multipliers...

There is a big difference from using expansionary monetary policy to get out of a recession and QE. QE has taken a completely different approach by systemically removing risk from the markets in an effort to get the pilot light lit so to speak. This has NEVER been done before and Keynes...

Something to keep in mind. For around a 100 years or so before QE, real estate provided no net real return. It wasn't until the monetary base exploded that we see this upward curvature in real estate prices. Is that sustainable? I don't know. It's never worked before but who knows, maybe...

Isn't that what ET is?

Holding other currencies is definitely a smart move. We can take that further and say if one buys Gold, they can borrow Yen to buy Gold. Gold is not even that far off the highs in terms of Yen. In fact, it's widely recommended that one does just that. The article mentioned though that while...

The suggested allocation towards Gold I hear the most is in the 2% to 5% range, definitely not 30%. Here is an outstanding article that goes through all the possible investment classes and how they fared in Germany between 1920 and 1923. It brought up many issues I didn't even think about...

Yes. Most of the housing indices that measure return on home prices use notional value. But for a given individual their "perception" is often skewed by the fact they are levered to the hilt. Also it should be pointed out we don't have "one" real estate market. Real estate in Malibu and...

Yeah that is one way to look at it. But the yield curve in general is much more of a macro trade long term. The forces that drive it don't really change that fast. It's not popping up and down every time AMZN has a blowout earnings QTR or getting crushed if MSFT misses the whisper number...

You have to read everything before you respond. I NEVER stated Gold was a better investment. In fact, I stated the exact opposite of your supposition. I said Gold was a better insurance policy then real estate and all the data backs that up. You know who owns Gold? Central banks. THAT...

Daal, the data does not support this. We have data on what actual yields in real estate "were" and what those returns were over time. We also have the data on Gold. But let me try to be as specific in my argument as possible. Gold does not trade "with" inflation. It trades "ahead" of...

Daal, this is a very complicated topic. There is no blanket answer. Mathematically speaking, the answer depends on where your cost basis is. I've seen very compelling data refuting what you stated. But only when prices line up. For example, if you were to buy Gold today at it's current...

Max, STPP has 1/3rd the volatility of SPY with 3 times the return. Or put a different way, for each unit of risk in terms of SPY, it earns 9 times the return of the SPY. In fact, the volatility of his own currency has been more volatile then both STPP and SPY. But I know most of the public...

Max, does your dad know he lost 1 million large alone just in currency over the last year? Kind of shocking when you think about it. When I get some time I'll post a little bit about the corp stuff. I want to be very careful here not to recommend stuff. Usually when I do people like the...

I think most seniors are in your dad's shoes minus the 5 million. LOL. And of course now your dad has to worry about your currency going to shit. Doesn't Canada have a nice Cadillac retirement program for seniors? Truthfully Max, there are some places your dad can put his money. There is...

I think reading the whole thread is a little overkill. Just maybe 90%. You can skip over King's posts. :)

We've blown through all my upside targets. :) The August monthly A up will be my new target.

BTW, the ES never took out my yearly A up. Failed a half dozen times there. If we get a deep correction that 1900 level is a good target which is the yearly A down.

Downside target in the ES is 2025 (QTR A down).