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Strategies & Market Trends : John Pitera's Market Laboratory

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To: The Ox who wrote (10024)9/18/2008 2:13:29 PM
From: carranza21 Recommendation  Read Replies (1) of 33421
 
Yet there is a "real world" that will survive even this latest implosion.

Indeed.

My PF has some commodities, some energy and lots of gold and cash ['lots' of course being relative, lots to me]. I've got one foot firmly in the 'real world', the other in gold, something I thought for the longest time was the bailiwick of nuts and cranks

I absolutely agree with your points but I would make one comment: credit is vitally important. Since it has frozen up, the 'real world' is affected by its lack of presence. How this is the case I don't know as I still get two or more credit card and 0% credit offers in the mail every day but is surely the case on a market-wide basis.

The failure of credit seems like a pendulum swing too far and it will cause damage to the non-financial world. How much, who knows.
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