Search results

They aren't selling us out. They already DID.

Everyone is charging their gas and food these days. I guess its better than having no gas or food. "Better to go to bed hungry than wake up in debt." I have to admit I have every card maxxed these days. Its an adventure.

I read today that the household survey for April came in at -498,000. Quite a difference between that and +88,000.

I watch GLD because I can't trade Gold itself, anyway. I think it holds $650, and if that breaks it holds $625. What is the Fed going to do to hurt Gold at this point? What is left in their arsenal? They could lend money to someone to short it, or get the IMF to sell some, or yap about how...

It was nice of him to point out the truth. Its a rare thing to find anyone spouting any of that these days.

The effect of a hike would only buoy the dollar for a few days at most until people realized how stupid it would be to hike rates as the economy slips into a recession. Of the 88,000 jobs created, 317,000 (a new record) were created by "adjustment", not reported, including many construction...

Expect more talk about both food/energy inflation, tight job market, and some certain sectors slowing. Net effect, zero. Forget about any rate cuts. The dollar is already on "life support".

Short term, if people thought that would increase their earnings significantly over the next few year, it would make the stock go up, I'd expect. Longer term, its real bad for their business because customers will despise it, and the people they fire could become local competition. If...

In the depression, the stock market went to hell except gold mining stocks. The reason gold became more valuable was because people lost faith in the paper money, so what gold went up 50% as they devalued the dollar. Basically what happened to cause it was the Fed printed lots of money...

They don't use gold anymore. They just print more money. It can work until it is obvious that the debt can never be repaid plus interest in real terms.

If they print enough money even the 200b stocks can go higher.

If you want to play it like the late 70's this would be the sequence as I remember it... 1. gold goes nuts 2. currency crisis 3. interest rates spike 4. economy is killed 5. start lowering rates 6. now buy your long term bonds That's my guess. Once they change directions and start...

"Buy and hold" ... seems to end up ... "Dump when it turns to crap"

Also long the puts. I don't like shorting things. The share price is in the "silly-sphere", me thinks. Its not like they are making enough to justify a share price north of $25, let alone $50 or $60 is what I see. It was all a game of squeezing shorts, and I think that's out of steam, now...

Theres going to be some real weak economic data this week, IMO.

Russia is buying gold not different brands of dollars. So is UAE So is Argentina So is South Africa Some others are buying Euro's, Gold, and others baskets of currencies. I looked at that #3 book a little. Looks like BS to me. I really don't expect a military coup. I just think...

I think as boomers retire at some point you'll have a lot more people needing to cash out of things than wanting to invest, and a lot of consumers trying to live on skimpy fixed incomes no longer able to spend like before, and inflation from dollar devaluation and increase in the percentage of...

Yes, but if they have borrowed yen and converted it to yuan to buy chinese stocks, when they sell the stocks and buy yen to pay it back it sets the wheels in motion because the yen rises, making it more painful for anyone still short yen and long whatever, wherever, so the more that exit, the...

Someone was saying its a hike in the reserve requirement and not the interest rate, and therefore it won't have any effect.

I don't disagree, but you'd need a huge move in the Euro as compared to slippage + margin interest for it to be profitable. Say the Euro goes to 1.37 or 1.38, even. You lost 1/2% on slippage and had to pay 1/2% interest per month on the margin, so month1 its 1%, month2 its 1.5%, moonth3 its...