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Strategies & Market Trends : 50% Gains Investing
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To: Dale Baker who wrote (77556)5/4/2009 10:49:54 AM
From: TommasoRead Replies (3) of 118717
 
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Listening to David Tice of Prudent Bear Fund drone on about how this is all going to collapse again reminds me how permabears have three gears - way too early, just right, then sticking around the gloom pot way too long while the market repair themselves and leave them in the dust again.
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First Greenspan and then Bernanke (along with Paulson and Geithner and the Congress) have for the last ten years and more flooded the system with credit and money whenever it seemed on the verge of making an adjustment.

To me, Tice's warnings might be compared to anyone who dared to dissent from Hitler's ten-year program of military aggrandizement for Germany. Even as Allied armies were pushing the Germans out of Italy, there were soldiers there who confidently spoke of Hitler's having a "secret weapon" that would totally destroy England. Many German troops went on believing in final victory until someone killed them.

I don't believe U. S. citizens will realize what they have got into economically until they find their dollars worth much less against some other currencies and until they are paying at least $6.00 a gallon for gasoline. And at that point interest rates will be forced up and equity markets forced down below where they are now.

I don't see the end of the economic world, but I do see something like the period 1972-1982, except worse.

I am looking forward to seeing a lot fewer SUVs on the roads, just as the overpowered, chrome-studded, monster cars of the 1950s and 1960s disappeared.
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