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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 368.29

+0.6%

Nov 7 4:00 PM EST

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To: Jacob Snyder who wrote (72478)	3/29/2011 8:50:39 PM
From: Maurice Winn	1 Recommendation Read Replies (1) of 217592

Jacob, an easy way out that would boost stock prices and avoid a lot of pain is for hordes of government 'workers' to get real jobs more suited to their talents. <governments face choices that are all bad, going forward. Cure inflation, and we get recession. Cure deficits, and we get recession. Fail to cure deficits, and we get a cascading series of sovereign debt defaults. Fail to cure inflation, and... I don't see any way out, that doesn't involve a lot of pain, and much lower stock prices. > Sovereign debt defaults are bad for the foolish people who loaned money - such as Russia to Saddam Hussein, but good for the people who were supposed to pay the debts but declined to do so [the regular humans who did not benefit from the loans and have no reason to think they should repay loans to their tormenter]. Lending to governments is hazardous [contrary to the silly idea that it's riskless investment]. Mqurice

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