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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: NOW who wrote (29677)	5/9/2005 5:02:07 PM
From: benwood	Read Replies (2) \| Respond to of 116555

Ultimately it is irrelevant to me if the Nez Perce and their neighboring tribes didn't value gold at all, for hundreds of years, too. What matters is looking at the world today, taking into account the stewards of the current money supply for me (the clownbuck clowns), and deciding upon a vehicle to use hopefully as an effective store of buying power. Gold would not be something I would spend in the future; rather it would potentially be what I'd use for conversion into the local currency/barter system. It is a probability game, with some chance of a zero return. But I weigh that probability of total or partial loss against the equal return for the clownbuck, kiwi dollar, refrigerators stored in my garage, etc. -- in other words, a hedge against our economic unreality having a severe downside. For me gold isn't problem free, nor any other alternate store, or else I'd actually have some already. I do have some PM stocks and funds, but nothing buried in a hole in the ground. I'd probably sleep better if I did, but alas, I cling to the belief that I can do that later when gold is cheaper. The legions of naysayers help me maintain that belief for now.

To: NOW who wrote (29677)	5/9/2005 5:15:16 PM
From: mishedlo	Respond to of 116555

Cyclical Endgame globaleconomicanalysis.blogspot.com Mish

To: NOW who wrote (29677)	5/9/2005 9:20:38 PM
From: mishedlo	Read Replies (1) \| Respond to of 116555

One of the answers for our oil problems....expand our f'n transportation system!!! news.yahoo.com If getting stuck in traffic makes you want to roll down your car window and scream, look no further than another of those studies to find the bad news: Gridlock is getting worse. Congestion delayed travelers 79 million more hours and wasted 69 million more gallons of fuel in 2003 than in 2002, the Texas Transportation Institute's 2005 Urban Mobility Report found. Overall in 2003, there were 3.7 billion hours of travel delay and 2.3 billion gallons of wasted fuel for a total cost of more than $63 billion. "Urban areas are not adding enough capacity, improving operations or managing demand well enough to keep congestion from growing," the report concluded. Honolulu became the 51st city in which rush-hour traffic delayed the average motorist at least 20 hours a year. The Hawaiian capital joins such congested areas as Washington, Atlanta, Boston, Chicago — and Virginia Beach, Va., Omaha, Neb., and Colorado Springs, Colo. The report was released Monday, the same day the Senate resumes debate on a bill that would spend $284 billion on highways over the next six years.