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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

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To: TobagoJack who wrote (51170)	6/10/2009 10:14:43 PM
From: Maurice Winn	2 Recommendations Read Replies (1) of 219049

TJ, I have been waiting for decades. Back in 1984, I was sitting around with BP Oil colleagues with me bemoaning the lack of a gold standard [or at least something tangible of value as currency backing rather than politicians' promises]. They scoffed at me, "Bring back the gold standard". A very long fuse was lit, but it can result in meltdown rather than deflationary Black Scholes implosion followed by hyperinflationary explosion; much like the North Korean first nuclear bomb test - great threat and hope, but a fizzer. You are preaching to the long-ago converted [or rather, never unconverted]. You are trying to teach me to suck eggs. In 1991 I visited a stock broker in California [Oceanside actually] from a large company who showed me their projection of market action over the 1990s based on burgeoning baby boomer income and investment. It was a spectacular graph and was right. He didn't have a graph for the 21st century. Big Ben said what he'd do. He has done and is doing it. Obama said what he'd do, and has done and is doing it. Sitting here in busy 277 Newmarket [a Westfield mall], I can't see any recession. There is a bounce in steps and money looks to be flowing well enough. There is even more energy than normal I guess with the hint of fear lurking around. A horse somnolent in a paddock is different from a horse with a rider wielding a whip. They perk right up and are ready to perform and do perform. Our horse 50 years ago would trudge along reluctantly for me. I needed only bend over to pluck a stalk of paspalum [a long grass] and the gesture was enough to really get some attention. People are now somewhat pleased to be employed and are perking up nicely in appreciation of their weekly pay. Unrepentantly, Mqurice

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