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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: GST who wrote (82652)6/13/2007 10:37:13 AM
From: John Vosilla  Read Replies (2) of 110194
 
'Any discussion of an issue this serious to those of us interested in the economy and investments should never let a blog like that go unchallenged. If Mish Blogs to promote this view, I will challenge it. I would post this on Mish's thread, but Mish does not allow anybody to challenge his views. If you don't buy the party line he bans you.'

The cash is king, widespread deflationary debt cleansing collapse with tapped out consumers in soup lines only seems to be working in isolated situations as certain assets crash and burn.. Certainly a depression for some folks tied to RE in parts of Florida, Arizona and California when you have a drop in prices and new home permit activity to the extent seen of late but it has not spread to the general economy as much as I would have thought.. I watch SW Florida now going through a slump reminiscent of the period leading into the great depression to see how this unfolds for clues to the future on a national scale.

Other than that folks could only afford a tent in Deflationary Danville or a hood house in Detroit these days if they'd been playing the deflation card the past 4-5 years given where costs of living for most of the country as well as what the stock market has done in that time..

I'm tired of having to work so hard to make a few bucks on puts even though I only do it in certain instances and am not a perma doom and gloom guy. These long term perma bears would be wiped out by now if they'd actually put all their money where their mouth is.. Hilarious to see Mish proudly pound his chest in calling something right once in a while on his blog.. A broken clock is right twice a day and can continue being right as long as the author still has a pulse and only plays with monopoly money.. Meanwhile some us want the real answers and have real money to place without trying to find our place in history in calling Armageddon..
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