SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: NOW who wrote (99770)11/21/2008 2:25:26 PM
From: benwood4 Recommendations  Read Replies (3) of 110194
 
I for one have never ruled out deflation, and have been pounded now and then for even suggesting that I could not rule it out. GST was the one usually doing the ridicule with an absolute belief that it was impossible.

Yes, Mish's been right about some things, some big things. So far gold hasn't panned out so well -- that was one of his ideas, too, right? Russ called that one well.

I still think gold will pay off though, and if Mish recommended that (as I recall he did) then he'll be right there, too.

Heinz had said some years ago, maybe 4? that it was exceedingly rare that a nation was bailed out of a debt bubble via inflation but instead was battered by deflationary forces, and he also said that he expected Treasuries to make a new low during the K-winter. Mish expressed similar beliefs.

The size of the breakdown has been bigger than I expected. The corruption has been far bigger (e.g. the bailout) the hedge funds more reckless than I understood, and the direct market manipulation (e.g. naked shorting -- why is that legal again?? -- bans or select shorts, prefered banks, deliberately misleading information, Paulson lies (e.g. "the bailout money will be fully accounted for to the public).

Russ Winter said around June that he expected the next six months to witness the greatest looting in history.

The good thing is some sound thinkers were not drowned out, although Russ is mostly pay-per-view now.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News