I think Obama has been set up to fail

"There is nothing worse than an ignorant person advocating and spreading ignorance."

Oh, kids with 4 years of psychology in college are much worse.

Quote from NeoRio1:

Iceman you and I both know that you have no knowledge of massive spending used as economic healing and economic deflation impacts and theories. Sense you do not have any knowledge about the subject than why do you pursue to comment? You pursue to comment because you disgree with someones political views even though you don't understand the present subject in argument. The definition of ignorance is the condition or state of being uneducated, unaware and uninformed.

So i ask why do you pursue to comment when you have no knowledge of the subject? Are you bored with life? Do you get off on commenting on political forums?

The reason why this is important is because the quality of this argument is important to some degree. When a person consistently lowers the quality of arguments and debates it is only natural for the concise educated people to find a remedy in order to relieve the debate of the lowered quality.

Iceman you lower the quality of debates and arguments. Not only do you know you lower the quality but you actually decide to lower the quality.

The bottom line is that sense you decide to lower the quality you also advocate the spreading of ignorance.

There is nothing worse than an ignorant person advocating and spreading ignorance.
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Quote from Landis82:

You don't get it, do you?

We are looking at huge DEFLATIONARY forces that are collapsing the U.S. Economy . . . the ONLY way out of this mess is DEFICIT SPENDING over the next 2 years.

Otherwise, we are talking "Japan in the 90's" with the one major difference being that the Japanese actually had a savings rate of 40%, and our savings rate is ZERO!
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We don't have zero savings rate, hell, we've got Social Security, boy, where you been all these years?

What has to happen is massive inflation, Democrats cannot lose black votes, they have to keep blacks on either welfare or government jobs, they have to keep their government workers in general happy, they can only borrow and bailout or lose political power... as they slowly strangle the private sector they lose tax revenues and that exacerbates the whole situation and requires more bailout.. it's pretty much over for awhile, it could be so bad that even with control of the public schools system and the popular media they still might not be able to blame anybody else...
 
Quote from AMT4SWA:

I do think the equities market will make a new low within the next 60 days, so if this happens we will have to see how far the next leg down runs! :eek:

BTW, this would all take place before obama is even in office......then the real fun will begin! :eek:
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.. I thought you were off building a plane ... instead of building another short position ?... hard to stay away from these fun and games isnt it ?
 
Quote from Kap:

.. I thought you were off building a plane ... instead of building another short position ?... hard to stay away from these fun and games isnt it ?
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I said I would start building the plane in late November to early December (waiting on the shipment of various parts/kits)....:)

Also, I am still holding Rydex 200% Inverse S&P500 positions I just put on the other day when the ES traded above 1000........have scaled out some but still holding the bulk of this trade. :)

I am also watching several other markets for LONGER term trades as there is more massive economic shifts ahead. :cool:
 
Quote from Pa(b)st Prime:

Care to contrast government debt levels and entitlement liabilities between the 1930's and now?
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They are much higher now. But they are lower than 1990s-2000s Japan. Debt there went above 100% of GDP, and they had a decade of zero inflation and 1% yields on the 10 year treasuries.

The lesson from Japan is that high debt does not mean inflation is inevitable. If credit is sufficiently constrained, then that can swamp any supply issues.

One key point is to look at what caused prolonged credit shortage. In both 90s Japan and Depression-era USA, there was huge government deficit spending, and intervention in the free market system, characterised by refusing to let bad institutions fail - especially bad financial institutions. If we follow that path, then one might reasonably expect similar consequences i.e. multiple years of credit shortage, with the resulting stagnating effects on the economy. And so far, it looks like we are following that path to a tee.

If that is the playbook, bonds are arguably a great buy, not a short. And that's one scenario very few people in the market are positioned for.
 
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