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This might turn out to be optimistic. Digging a bit deeper in the details the IMF study only included developed economies, while the Rogoff study included the worst crisis regardless of a country's size. The severity of the US crisis does put some doubts in the argument 'US is not Argentina'...

Tks all for helping getting my account reinstated The admin told me "Sorry about that, it was a glitch. Your user name has been reactivated. Also earlier today we got a complaint about you using Market Surfers name at the bottom of your posts. Please stop. Thanks, Joe" I'm sure...

Are they getting richer when sentiment is getting extreme?I bet they arent. As the shorts from 2008 found out, reversals are massive, vicious and relentless. It was just a few months ago that the dollar was flying on bank nationalization concerns, how come the shorts weren't here on ET bragging...

lol

I meant bear

If equities fall globally on fears and economic pessimism the USD will rise, its just that simple. Call it safe haven, risk aversion or whatever but thats the bull case Furthermore its hardly contrarian to be an USD bull, so anyone who is short better not expect to get rich with the trade...

True, they should rename the thing to LIE BRO :p

Libor continues to plunge http://www.bloomberg.com/apps/quote?ticker=US0003M%3AIND We could be seeing this time 'being different'. I'm still a noob to libor but it seems that the reason they tended to have a spread of 11bps to fed funds(OIS) before the crisis was simply because there is less...

Check out Bruve Kovner interview on Market Wizards 1. He talks about breakouts for 'no reason', although the USD has responsible for the $1000 and on march. Gold went from $950 or so to $990 for no reason, broke out of a triangle type pattern

one more thing. dont be surprised if the yellow metal reverses and plunges all the way back to 600. suggest re-shorting once 1000 breaks on the downside. time frame, next 12 months.

And gold marches on, perhaps the Kovner theory deserves more attention. This article from hussman funds show how weak the US labor markets really are http://www.hussmanfunds.com/rsi/jobrecovery.htm Highlights -If the US recession is really over(And I have my doubts since the service...

Whats the symbol?

I'm on the backs instead of the front, and I usually sell and switch forward once they get close to expiration levels. Frankly I have no idea where they will go if the Fed taxed reserves aggresively, but I do know they will go up :p

8:44 Dec. gold adds $2.30 to $999/oz on Globex Come on surf, post more, we need $1k by tomorrow morning

He also fails to take into account that the US can 'default' in its unfunded liabilities without being a official default. Anyone who is above average in income and thinks they will get full SS, medicaid, medicare benefits is delusional. Inflation can also deal with some of the burden, not...

Apparently the POS owner(whom many ETs praised as an honest and reliable guy) allowed traders to trade with negative equity, a good chunk was lost there. Lennon is getting his cut too, all kinds of fees

These guys dont realize how inconsistent their views are. It was FDR who took the US off the gold standard effectively enabling the 30's Fed to engage in their 'quantitative easing' and get money supply to growth. Inflation soon turned up, as the stock prices, GDP and employment

This guy doesnt know what he is saying M2 is up just a little more than $100b YTD(2.8% annualized growth, very weak) The real 'money printed' is the monetary base(bank reserves plus currency, the fed is creating mostly just bank reserves) and all that 'money' is doing nothing but to sit on...

Since that spread between reported cases and deaths is widening is quite possible that tons of people are being reported to have swine flu but just have any number of other diseases and are being misdiagnosed. Modern conventional medicine is not very efficient except for surgeries

Guess he believes in Dow 10K and wanted to fill up his IB account