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Because there is no honor in day trading. You sit on your ass and hope to get rich by doing nothing and eating piza all day. You can laugh back at them when you hit it big or they will be proven right by thinking you are a lazy clown that can't even get a job at Macdonalds.

You previously described Mish's blog as some of the best analysis out there. So there is more to it then entertainment I would guess also for you. Ofcourse you don't base your investment strategy on their calls and neither do I but you do need information to form your opinion on.

The quote from being the only economist in the world that foresaw deflation was from his Max Keiser interview which can be found on youtube. The other three quotes are from his blog which you read as well so I am sure you are well aware of his points of view on them. About the rally he...

He was on another show I saw a few weeks ago where he raved about being the only one of 4 economists on thousands who predicted deflation in stead of inflation. He called the stockmarket rally bogus, the Euro a shittier currency then the USD and oil should be at 20$ a barrel.

I watched a long time ago so I wouldnt be able to sumarize it here and now but imo it's a nice (though slightly controversialdue to its Austrian origin) analysis on that breaking point between good times and bad times. If you have the time you should watch it. Better yet start here...

The Austrian Bust http://video.google.com/videoplay?docid=-2382683217626362775&q=krassimir+petrov#

Peter Shiff (let's not turn this into a Shiff topic please, just quoting a USD bear) 'predicts' a USD index between 50 and 40 as a possible long time bottom with the worst case scenario below that and if they adjusted course 50 could be avoided even today. How about you guys?

1) It's a problem when the whole world devalues and you not. Ofcourse the debasing countries might end up in bigger doodoo then those who stand firm but that's more of a longer term projection. 2) Many blogs and people who have dugged deeper claim the ECB runs a policy just as loose then...

Lot's of Eurozone countries have huge debt... in USD. That's at least one positive I can think of.

Good read indeed but.. The comparison with Ireland, one of the world’s best performers, shows what’s achievable in the real world. Ireland, which was one of Europe’s poor relations, as poor as South Africa on average, became one of the world’s richest countries...

"The US dollar shortage in global banking and the international policy response" http://www.bis.org/publ/work291.pdf?noframes=1

Naah, the biggest bull on China doesnt even wants to live there cause the pollution would kill him.

Thanks. Still, it's a different game this time. Back then everyone went from A to B and it worked. Today they want to go from B to B, because B worked last time. We shall see.

And has there been any study on these countries' performance after they have gotten out of their deep(er) slump as well?

Is JPM still short gold these days?:)

Agreed on the value of comments. People are really selfeducating themselves with the flaws that come with that obviously. I'm Belgian by the way.:)

Britain has twice averted disaster over the past century by a timely – if humiliating – crash in sterling. In neither case was it obvious that this would lead to a decade-long revival in British fortunes...

creators of leaders; be careful what kind of leaders you're producin' here http://www.youtube.com/watch?v=TKAxnB6Ap4o :D

lool :D

Havent you guys heard about the oil pooping bugs?:) http://www.timesonline.co.uk/tol/news/environment/article4133668.ece