Heinz Blasnik- Views You Can Use Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Heinz Blasnik- Views You Can Use

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: GraceZ who wrote (260)	4/19/2003 11:59:03 AM
From: mishedlo	Read Replies (2) of 4913

Plunger is the brightest guy on my board. Plays the Macro trend. I did not know him at the time but on Greenspans first rate cut (or slightly before) he put most of what he had on futures bets that interest rates would keep coming down. Thought it was a 100% guaranteed sure fire play and he was right. Thought it was easier that trying to time the market short. With futures I am sure he made a killing just sitting in these plays. Now he has a chunk on gold betting the overall trend is up there. In currency plays somewhere near the top betting against the US$. I sure wish I followed his moves. All you had to do was get in and stay in any of those plays and make a killing. At any rate I can not answer that question to him but I will pose it. In the meantime, just where do you see this "wealth creation" coming from at a time of overcapacity, mass exportation of jobs, and all the structural bubbles that are still in place. This economy is going to be enormously weak for years IMO with few and far between chances for anyone to create enough wealth to pay off that debt. The ONLY booming moneymaking businesses right now are trade jobs associated with a strong housing market. That does not do the average IT worker out of a job any good at all. What happens WHEN NOT IF housing hits a slowdown. If the level of debt and credit expansion is unsustainable and we are losing jobs what other than massive bankruptcies are going to cure the problem? A bankruptcy where the average person keeps his house would be one such wealth transfer mechanism (provided income is sufficient enough to keep paying property taxes).

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next