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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: TobagoJack who wrote (247428)6/27/2003 1:32:25 PM
From: Perspective  Read Replies (2) of 436258
 
My present roadmap is for Greenboink to back off now for a while and see what happens, wait for it to become painfully obvious that things still aren't working, and then - right when the necessary rebalancing is about to occur - he'll flinch and shoot his last couple of bullets. It should be at about the same time the markets are making marginal new lows. But he's too spineless and frightened of deflation to actually let the necessary rebalancing even begin. The idiots are all focused on price levels, when they are just signalling the huge supply/demand imbalances that are *causing* the deflationary pressures in the first place. And you can't fix them by encouraging the buildup of even more debt. I thought these guys were supposed to be intelligent...

He's insuring that when the rebalancing *does* happen, he'll be powerless to provide any effective stimulus to the e-con-o-me whatsoever.

As to investing strategy, I'm just waiting for the upside momentum to die, and a little downside momo to develop. Then I'll be shorting up until the next Fed move appears imminent. Then, I expect to play the reflation theme with precious metals and commodities and other dollar-debacle themes.

BC
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