i wish someone would watch that Faber interview where he talks of Japan.
Faber was oft in Japan during their deflation and said they, the Japanese did FINE as their wages remained the same and they just started to save cash.
i know that by 2002 the average Japanese had the equivalent of 100k dollars cash SAVINGS, but they had long before fled the stock market having LEARNED it was a LOSING deal via LTBH BS.
i remind Japanese in the StockMarket dropped to less than 8%, we last year were still and a DANGEROUS/INSANE?LUDICROUS 54%.
Cripes our dependence on stock market so delusional that U.S. Government, realizing if americans ever woke to from their delusion and leave the market like the Japanesse---the PONZI SCHEME collapses into smithereens, the U.S. Government might declare it is AGAINST THE LAW to sell stocks---that how deep the FARCE as become.
We, the U.S. Middleclass are this pathetic plastic carded/ notional stock market wealth spoiled bloated dumbo that has as a life support system but an umbilical cord attached to the industry that gets rich off of them, the financial industry, of credit and LTBH stocks(read COMMISSIONS for US, BOONDOGGLE for us---JQP, thank you so much for swallowing the new way to wealth and world dominance is via credit cards and investing in America and giving trillions to Defense Industy to go around the world Kicking Ass. Now wave your little red/white and blue flags and shout "I AM PROUD TO BE AMERICAN!!!, you brainwashed bourgeoisie herd, and, hey, now watch it all fall apart----Sorry Charlie, you have been HAD!)
But i ranted about this for 4 years and doubt i have more than few that grasp that when the U.S. Public was SUCKERED by the Mutual Funds, WS and U.S. Government to retire VIA the WEALTH from their LTBH SPX index, or what ever---they were HAD.
There is so much data out there to back how ultra precarious the situation for JQP that it can be realized for those that bothered to dig out--but people will be HOSTILE to hearing what they don't want to hear---it's a LAW.
Vi i post this to you again.
``The decline in home prices of 20 percent is a relatively minor decline so far and it has created so many problems,'' FABER added. ``The US is in much worse shape'' than JAPAN was when its stock market crash ushered in a decade-long slump in 1990.
dypdahl? i will refrain from my comment.
But both he and Midland(now Rocky Balboa) can take their QUACK QUACK QUACK Mathmatics and ram it up their snotty noses.
Midland, in that he had utter belief in the correctness of U.S. Government endorsed data, revealed he was dense as granite to realities--but then so are all americans that believe that U.S. Approved data. Max |
