2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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

GLD 375.96

-1.8%

Nov 14 4:00 PM EST

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To: 2MAR$ who wrote (75886)	7/2/2011 5:07:22 PM
From: carranza2	2 Recommendations Read Replies (4) of 217823

Don't know to what extent the military budget will be reduced. The debt ceiling will of course ultimately get set, but all it will do is give the pols license to spend. Medicare and Social Security have not been touched. We need fundamental, severe changes in health care and we are not getting them. Unemployment at 9% (if you believe the statistics, probably more like 12-15%) and oil in the 90s still means a substantial drag on economic activity. And the states are doing very badly. They need to raise taxes and some of course will. Housing and construction- increasingly important economic drivers - still suck. The consumer is deleveraging and there is a big swath which is unemployed or underemployed . This should lead to laggging demand for some time. Corporate profits should therefore trend down. The Eurozone has simply put off its enormous problems for another day. Unfortunately, I think this will mean that when they are ultimately forced to face them, the severity will be increased. I fail to see a fundamental case for a stock rally. This of course does not mean one will happen.

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