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You people don't know nothing and ain't know nothing yet managing 2,000,000,000,000 ! He was dead right saying "Compared with the euro, Japanese yen and U.K. sterling, “I choose the dollar.”. Try moving those zeros into either Euro, yen or Sterling ! Any of you ever did try putting in...

It is always refreshing to read real town story - peilthetraveller getting his first target price. I see over TV how the rising gold price brought Koreans to sell their gold jewelry, maybe to tide over bad times when the crisis hit. I was thinking pity they need to unload.

The stock market has stabilized and commodities have to come back down to earthly reality just as an unfounded USD147 oil had to crash back to USD32. Gold too had to come back to "reality" - it has already made its bull run with a five-fold increase. Do you expect more - that it shoot through...

The US financial house will eventually recover, but it may take more than 10 years. And in what manner? A recent financial journalist argued that it is flawed to assume the US ever need to repay or bring down its national debt just because the National Debt/GDP ratio is way too high - the end...

Every once in a lifetime comes an exceptional opportunity - we catch it or miss it. Now is one of those moment involving investment. Say, you have a 500k / 3million cash or tied to equity for long term investment. Where should we best put it? My very crude attempt :- 1) Short term trading...

The problem with most people (except the gifted) is that the mind is very much influenced and limited by what is the seeming current situation. A classic case would be this current stock rally from March 09. After some time, everyone (including N. Roubini et al), threw in the towel and no...

I think the thread title was meant to be "Trust will be Restored When The Economy Recovers" and not "No Economy Recovery Until Trust is Restored" :p

We still don't know much about economics. I think there is too much hype that economics depends on trust. We know white because of black and we know right because of wrong. The need to fall back on trust very often is because of fundamentals that have real reasons for concern. If politicians...

You beat me :cool: :confused:

Of course, I cannot seriously and totally dismiss economics as taught by academia. Some people must at least know what is the the conventional views. I vaguely sense disputes within the academia on economics to be like between religious factions, like the disputes between Austrians and...

I wrote: money represents human economic efforts Economics is as much a religion as it is a science. When certain ideas due to past influences have been accepted, they would be hard to dispel irrespective if they be "right" or "wrong". Your concept of money is based on the meaning of three...

They should not be regulated, but outlawed!

How can I ever be expected to know I am wrong and that you are right!

Don't rely on news, better analyze from first principles... 1) Nothing in the fundamentals of economics of the world have changed with all the stimulus/bailouts - it is all buying time, so far one year. All these "replenishing of credit" all aimed for the stock markets anew and funded the rally...

Economic Theories don't work. We cannot hope to analyze and predict economic activity through any economic theory in general : 1) economic theories would always be tied to politics, power and money and will therefore be biased and useless most of the time. 2) even if the author is...

I think the term deflation and inflation have been abused a lot by popular media and not using them with explicit meanings to what are going up or down says nothing. If the analysis in my original post is right, we can have a per-capita improvement in productivity due only from better...

Adam Smiths believe in the working of "the invisible hand" under proper conditions - the handiwork of only one hand ! If you see many hands at work, then the world is not too free.

Most people would likely believe savings to be good for future growth, but it assumes savings being always properly mobilized so as not to bring about a deflating GDP. In open and non-corrupt economies, I think the problem is rarely about more supply of savings to people willing to borrow to...

Seems reasonable. Problem is it will not be just the US, but globally as the world need time to be weaned off US consumptions. People easily forget that economics == jobs. Bankers, derivatives and forex dealers, financial fashion designers, insurers,...,warriors,... don't produce final goods...

I don't have the knowledge to refute you, but only have some questions. This seems too strong and deterministic a statement. Once manipulation of the money supply and interest rates are eliminated, things may become "stable and predictable" and such deflationary environment may not cause...