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


To: jimmg who wrote (63341)2/4/2007 12:34:22 PM
From: Riskmgmt  Read Replies (1) | Respond to of 116555
 
I appreciate your posts and find them most refreshing, please continue with them. You are a lone voice here, with a point of view contrary to the majority, for which you take a lot of flack.
Some of the "educated elite" have tried ridicule and intimidation to quiet you but you have remained controlled and polite and backed your argument with data. This is what this thread was supposed to be about.

Our aim is to be on the correct side of the great inflation/deflation/stagflation debate that is raging on SI and elsewhere. Our discussion of these global trends will hopfully help us make better investment decisions in light of fluctuating global economic conditions.

I commend you for your efforts and logic backed arguments, after all we are trying to profit from our analysis and so need to consider all possibilities.

regards

Ray



To: jimmg who wrote (63341)2/4/2007 4:06:04 PM
From: Elroy Jetson  Read Replies (2) | Respond to of 116555
 
Such a foolish thing you are. I know your future.

When I went on holiday in Mexico after their 1983 devaluation, I saw the destruction which will be brought by our current government policy to devalue the US Dollar - while proclaiming their support for the Dollar. Its reminiscent of President Jose Lopez Portillo's comment, "Defenderé el peso como un perro", "I will defend the peso like a dog". He ended his term, like George W. Bush is, widly despised by the entire population. Everywhere he went he was mocked by people barking at him in memory of failed economic policy.

The effects of the current US Dollar devaluation has utterly confused you, leading you to believe the induced distortions in the US economy are actually signs of prosperity.

I met many retired Americans in Mexico in 1983 who were as naive and misinformed as you are today. They too believed that currency debasement was a sign of prosperity. While many wealthy Mexicans, who knew better, moved much of their money out of the country into other currencies, blind Americans like yourself moved their savings into "appreciating assets" in the Mexican economy experiencing conditions very similar to those in America today.

I will greatly enjoy watching your destruction at your own hands. Your own stupidity will guide you into the path of danger.
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