Imperial Metals (IPM.T) Message Board

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Gold/Mining/Energy : Imperial Metals (IPM.T)

IPM 1.940

+1.0%

Nov 7 9:30 AM EST

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To: refugee investor who wrote (1062)	4/16/2012 3:39:50 PM
From: Italian Investor	Read Replies (1) of 1366

I have no idea how this all plays out got my fingers crossed, but the USA and global economy is even weaker than it appears. I own a little STD and a little BAC @ the moment they are in the spice section in my portfolio. I did not know that about STD dividend you can tell how much research I did on that name just going following my financial advisor and David Herro. As long as the USA economy does not fall off the wheels and it continues to grow (spend spend spend consumption based economy) BAC looks incredibly cheap, but what if we hit a wall and the consumer starts saving? I know my friend pulled out of the market recently and paid of his house he said 4.75% is much better than what the market is going to generate looking out. He got NO arguments from me because I have no idea. What if we can’t inflate our way out of this? What if the people of the USA stand up next time the debt ceiling is to be raised? What would of happened if the 99%ers stood up last time when Bear Stearns and Lehman were going under and said NO to Wall Street. What if Austerity hits the USA like it is hitting Europe this would be pretty scary for a leveraged bank like BAC. All we have to do is go back like 6 months to see what the Politian’s did to scare the hell out of a lot of people. I read a few months ago that there are 46,000,000 people here in the USA on food stamps what happens when some of those get taken away. We have the baby boom generation seriously under saved for retirement I am sure they will be spending less. We have the younger generation beaten down buy college debt. What happens if taxes are raised on paychecks, stocks and dividends, the home deductions is gone. The IRA and 401K tax benefits taken away. I can go on and on what will be running through peoples mind in the not too distant future all leads to more saving IMO. We are running 10% deficits right now and unemployment is 8% and GDP is hardly growing what happens when there is no more stimulus and the consumer starts to save that is so scary. So It could look somewhat like Spain here if the USA economy has to face the music. Yea BAC is in way better shape each passing year but what happens if we get another leg down like Watsa stated, and 8% unemployment becomes much higher. Bob said many times the USA consumer will stop spending and start saving and you know what that means look out below for an economy that is based on spending.

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