Hello Pezz, <<unemployment>> ... let me try this tact on you ... 'take my word for it, the unemployment numbers as reported are less than meaningless, they are dangerous if depended on for investment decision, unless one takes a contrary stand. If I had reported my academic grades to my parents in similar fashion, I would be cheating them'.
The spin about jobs, GDP and productivity are no more than bad fantasies, not even qualifying for awful science fiction. The truth will out, and when it does, we do not want to be holding much of what J6P considers equity investments.
I keep reminding myself and Maurice, that the most painfully outrageous is always revealed at the bitter end, right before revolution of one form or another variation, leading to evaporation, dissipation, and redistribution.
I believe the most painfully outrageous may include whatever is finally discovered about Fannie Mae, Freddie Mac, JPM, GE, AIG, FED, and the Bureau of Labour Statistics.
The current bubble will be the bubble that defines all bubbles.
Just a reminder to myself, buy gold, for it is the natural trade, obvious exchange, apparent wager, and sure bet (NToeAwsBe for short). Whatever entry mistake one makes in buying gold, it will be corrected by a secular gold bull market.
Such is the beauty of a sure bet, as in strategies such as LTBH and buy-the-dip can make all seem a genius. We all want to be genius-like :0)
Chugs, Jay |
