Crash is Upon Us

[Alchemist]

That is a fine post there, Hydroblunt. Thanks.

HolyGrail: Just because we are paranoid doesn't mean they aren't trying to sell to us.

Seriously though, I don't see any paranoia there: I see reality.

 

[HolyGrail]

Quote from Hydroblunt:


I personally met and spoke with the CEO and founder of one of the upcoming inverter companies. He is a big proponent of electric vechiles. Before he started making the inverters, he was very serious and dedicated to making electric vechiles happen. After a while he just gave up, and the reasons were not because of marketing and lack of possible demand. Mysterious forces, is the best way to put it.

.

This reminds me of the 50's when there were rumors of the car that could get 200 miles to the gallon, but alas the energy companies bought the patents and shit-canned the idea. Get real. If there was a good electric car people WOULD BUY THEM IN DROVES.

 

[smilingsynic]

Quote from myminitrading:

Just put Landis82 on ignore, he has made 10 post here and every post he has tried to insult someone. Seems from his postings he has an inferiority complex.


He likes to insult, but when he is insulted he crys like a little girl, and calls folks a moron. I am so thankful for the ignore feature.

I bet that it's Steve46 with a new alias.

 

[Pabst]

Quote from Dr. Zhivodka:

Pabst is better than a VIX spike. The dude has marked every low for the last 18 months.

It's my great hope that he's not deterred from his ...er..um ....calls.



Search tells the tale.

You mean like this one from MAY 12

Quote from Pabst:

We all know threads with this title have been a great fade. This time the joke may be on the longs......

 

[romik]

Quote from Dr. Zhivodka:

Pabst is better than a VIX spike. The dude has marked every low for the last 18 months.

It's my great hope that he's not deterred from his ...er..um ....calls.



Search tells the tale.

I have no problem with his past calls, it's just that he was a tag wrong this time round. If one posts a strongish opinion he just might get a similar response.

 

[romik]

Quote from romik:

I have no problem with his past calls, it's just that he was a tag wrong this time round. If one posts a strongish opinion he just might get a similar response.

Everybody is entitled to error of judgement, by no means I was trying to insult Pabst, who am I compared to this guys creds, but there are all sorts of TFs that offer either more upside or vice versa, from Pabst statement it was not clear whether he was referring to shorter term or longer term, I happen to agree with the latter to a certain degree, there is still a bit more swinging to be done here IMHO before the "crash is upon us", bet hey, we are just throwing opinions here, so no hard feelings, OK? BTW, I happened to be that averaged long in denial until yesterday, who also happened to average $1,146 per unit, catch my drift?

 

[Landis82]

Quote from JamesVU2000:

Im not implying a doomsday scenario. Besides, we have mr. deflation himself as our new fed chair. That doesnt mean there cant be a considerable drop in all assets worldwide. I do agree with Heli Ben that a lot of demand for goods is because of rising asset prices. Would it be far to say that when the Nasdaq collapsed that demand collapsed at least for a while? The one thing no one has been able to answer is what is going to replace the housing bubble to generate growth? We know its not income.

Understood.

But you'd be surprised how little the average guy in the Street or your soccer-mom neighbor has invested in the stockmarket. Thus, I really don't think that economic DEMAND collapsed during the Nasdaq decline.

As for housing construction, I believe that it is roughly 6% of GDP, a significant number but not as big as many of the ET doomsdayers would lead you to believe. In fact, since 2000, it appears that the "Housing Bubble" is no longer effective in pushing up the GDP as much as it did between 1980 - 2000.
See the two links below.

http://www.housingbubblebust.com/Fed/GDPvsHSG.html

http://www.housingbubblebust.com/Fed/HsgPercentGDP.html

In otherwords, our Economy is much more diverse than people give it credit for.

 

[TGM]

Quote from Hydroblunt:

And you sound like a standard sheep. It's not a conspiracy, because the information is not hidden, it's all out there. The government economic numbers are not a conspiracy nor lies, everything is notated, yet the sheep refuse to see what a crock of sh* t those numbers are once you acknowledge the statistical voodoo. Lobbying firms are not conspirators, they are easily available to any corporation, even listed in the yellow pages. There are no secrets about how big business controls the government, the sheep are simply fleeced so well, they dont bother to see or are too busy being distracted by reality TV, the media, the next Ipod or the next Hollywood movie.

The electric car technology is out there, there are quite a number of converted electric vechiles that run like magic, beautiful classic race cars that run better than ever. The AC you say, well yes, if you use the old innefficient model. If you wanna drain the car battery go ahead, so maybe you will get 30-40 roundtrip. You must have an interstate commute to need more than that on a daily basis. Regardless, if you think efficiency in cars, you look toward efficient use of energy, such as efficient ventiliation & AC systems, as well as PV thin film to gather energy. BTW, at every public reststop, there is a recharge station for electric vechiles, imagine the potential if there is an actual move toward adjusting the infrastructure.

I personally met and spoke with the CEO and founder of one of the upcoming inverter companies. He is a big proponent of electric vechiles. Before he started making the inverters, he was very serious and dedicated to making electric vechiles happen. After a while he just gave up, and the reasons were not because of marketing and lack of possible demand. Mysterious forces, is the best way to put it.

GM has not made a single real innovation in the basics of the automobile engine designs. There are essentially the same cars as always, innefficient, gas guzzling, high wear and tear vechiles. More horsepower and electronic gadgets, those have changed but besides that, the core of the moving parts & the engine is essentially the same it was 50 years ago.
Consumerism & growth is the answer, why sell a car that the most owners will keep for at least 10-20 years, when you can pump out cars that are sure to be replaced in 5-10 years. This is the same mentality big pharma has, why make cures and make a one time sale when you can make treatments that create repeat customers & growing repeat sales. It's standard across the board, look at consumer electronics, few American companies make anything that has a decent lifespan, they are always pumping out the new hot thing to keep the sales going as their previous models break in a couple years. Corporations have to keep growing or else they are failing the shareholders, their job is not to avoid being wasteful or to conserve natural resources through highly efficient engineering & workmanship.
Educate yourself, why is Bush pumping up corn ethanol when it takes just as much energy & pollution to make it as it saves. Why not put the Federal funds toward solar & wind, like England, Germany & Japan have done. Because Archer Daniels likes the free money and apparently their lobbyists are pretty good at what they do. Corn industry is very big in this country, along with wheat (also ADM) and soybean.

There is no need for simple bribes or kickbacks among the big boys, everything is much more sophisticated now, to the point where the average person's logic & reasoning is not up to par to bother researching even if the information is not that hard to find. Just think how many people think that the Fed is a government institutions just because of the word "Federal".

USSR high end officials have always commented that no matter the propaganda, restrictions & policing, they could never compare to how USA is able to manipulate their population through some of the most advanced methods ever conceived.

Peas in a Pod do NOT have to conspire.

And yes America is one big bubble of Consumerism. What most people think of as Capitalism in America is just Corporate Feudalism. The CEO's are the new Feudal Lords. Capitalism is an unknown ideal. Outside of a couple sectors in America competition/free enterprise is feared and hated. Out of College I worked for one of the big three automotive makers (not GM). Much of what you say is true. But all things come full circle. You can't get something for nothing BUT you can get nothing from something.

And yes our Govt books are cooked. I would say every Govt in world cooks it's books these days to some extent. The US Govt with it's 2 party duopoply and it's cooked books---look more Soviet by the hour. The ony difference is the flashy veneer of Starbucks and a whole hell of a lot of debt. Not to mention the Massive Social Engineering (which is just Racial Socialism/Communism). I mean even Corporate America has instituted Chairman Mao's Sensitivity training! Only in an America!

Traders are lucky. Capital Placement is one of the good places left in America to make a wad. Thank gawd for trading.

 

[Pabst]

Very true. Wages trump all. As one grows older, you'll notice that friends and family don't discuss or rather disclose their salaries the same way folks do in their 20's. Thus I'm absolutely AMAZED at how much people deep in their careers make. We hear so much about the "working poor" that we ignore how many people with seemingly ordinary 9-5 jobs are in the six figure range.

The spending habits of those folks are rather immune to a correction in equities or RE. Now if we ever see 15% unemployment again that will be another story all together......

Quote from Landis82:

Understood.

But you'd be surprised how little the average guy in the Street or your soccer-mom neighbor has invested in the stockmarket. Thus, I really don't think that economic DEMAND collapsed during the Nasdaq decline.

As for housing construction, I believe that it is roughly 6% of GDP, a significant number but not as big as many of the ET doomsdayers would lead you to believe. In fact, since 2000, it appears that the "Housing Bubble" is no longer effective in pushing up the GDP as much as it did between 1980 - 2000.
See the two links below.

http://www.housingbubblebust.com/Fed/GDPvsHSG.html

http://www.housingbubblebust.com/Fed/HsgPercentGDP.html

In otherwords, our Economy is much more diverse than people give it credit for.

 

[HolyGrail]

Well it looks like the bulls have already priced in a pause for the August fed meeting. I was hoping we would have a clearer market direction before the meeting but it just isn't going to happen.