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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (27203)1/2/2008 12:55:16 PM
From: carranza2  Read Replies (2) | Respond to of 217546
 
Well, Jay, you beat me.

If I recall correctly, you had a 28% total gain last year.

Mine was 25%.

Not complaining. Very happy with my performance.

This year will be full of peril and opportunity. A very interesting year.

I am confident that armed with gold, Yen, Swiss Fr., commodities, oilsands, US Treasuries, refiners, Canada and SONS, everything will be peachy.

That's how I am playing the market this year. Am positioned, locked, loaded, and do not intend to make major changes in portfolio unless QCOM tanks and presents an opportunity I cannot turn down.

What have I learned this year?

The value of patience and the confidence to trust my instincts.

These lessons were imparted by Intuitive Surgical [ISRG], which I bought in late December 2005 at 115 and change.

Message 21985621

If I had stuck to my guns as I should instead of selling early and had the patience the investment required, I would have had a very nice return as it sold for as much as 359 last year.



To: TobagoJack who wrote (27203)1/3/2008 5:23:30 AM
From: Ilaine  Read Replies (1) | Respond to of 217546
 
Multiple factors caused the Great Depression of the 1930s.

In no particular order:

1) Federal Reserve, at Hoover's request, deliberately crashed the US stock market in order to curb speculation, by reducing money flow and raising interest rates.

2) Congress, in a protectionist mode, imposed draconian international tariffs, as high as 50% on imported goods, strangling globalization.

3) Congress, in a further protectionist mode, imposed strict limits on immigration, cutting off influx of new immigrants.

4) Allies imposed draconian reparations on Germany for starting and losing WWI. (BTW, Hjalmar Schacht, the German version of Fed chief, deliberately crashed the German stock market in 1927), leading to the collapse of the German economy, the second (or third) strongest in the world.

5) Terrible Mississippi River flood of 1927 devastated the economy of the South.

6) Terrible drought devastated the economy of the Midwest.

7) Speculation in farm land during WWI led to a collapse in land prices that was never overcome in some places, devastating small banks all over the rural US.

8) World banks went off the Gold Exchange Standard during WWI, agreed to go back in mid to late 1920s, but attempted to go back to pre-war parity which was a grave mistake. If you study the history of the Great Depression, only nations on the Gold Exchange Standard suffered, not countries on silver standard (China, India), and every country eventually jettisoned the Gold Exchange Standard and got out of depression immediately.

9) Prohibition, total ban of alcohol sale and consumption.

10) Congress raised taxes.

11) Once the depression started, Congress and Hoover decided to maintain wages and by ordering employers to keep wages high and prices high, rather than let the free market work.

Bottom line: when faced with a recession, don't simultaneously raise taxes, raise interest rates, raise wages, reduce money flow, raise tariffs, reduce the free flow of capital, impose unrealistic and unreasonable foreign exchange rates, reduce the free flow of labor. And never, never, never, never deliberately crash the Stock Market to curb speculation.

Duh.



To: TobagoJack who wrote (27203)1/4/2008 12:09:34 PM
From: elmatador  Respond to of 217546
 
I am just reading analysis of Brazilian economists about 2008. Laughable! The whole thing has nothing to do with economics! I explain:
The government wat to keep a big share of the GNP (extorted as taxes) to use for its own purposes. Like any government anywhere in the world.

Subsidies, sweet deals for the friends, vote buying via huge number of useless civil servants... You know the story.

Now congress did not approve the tax that was created (as provisional) is not renewed. "Go cut costs."!

The signal to government is: Put your house in order. The economists are looking to numbers and complicating the whole thing.

Then they speak about inflation. You know this data manipulated to extort money from one and handover to another sector of society. Old story.

Now there is REAL inflation: That is, there is more people bidding for the sam amount of goods.
Nothing to do with manipulation of numbers to allocated money within society. Simple stuff.

The whole thing boils down to one thing:

Government has to stop thinking that they are going to gorge on a lot of money from high taxes revenue, (because the economy is growing) and at the same time gorging in a tax revenue that was created to cover government spending when the economy was anemic.

But go explain that to the economists: They don't get it.

Luckly, I stop taking this people serious long time ago.

I can do this to the Brazil. Because it is my area. Now is up to other guys to do this for their own countries of origin.