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

To: mishedlo who wrote (90672)	11/22/2008 3:05:22 AM
From: stockfiend	Read Replies (2) \| Respond to of 116555

Here's a call to Schiff from an angry investor who lost $500k in his fund. The guy is down 50% and Schiff tells him he really hasn't lost anything unless he sells and he's better off because of the dividends. Pretty smarmy. A must listen. youtube.com

To: mishedlo who wrote (90672)	11/22/2008 11:23:15 AM
From: jmiller099	Respond to of 116555

He was early, being wrong remains to be seen. However, that 30-60% hit is inline or worse than the market and is not something that should have been followed or aspired towards. EDIT: Note how China is more aggressively setting up free trade talks across the globe. In other news, I will get called out of my FXY due to the last couple of days. Would have to chart it to see if I remain interested in hopping back in.

To: mishedlo who wrote (90672)	11/22/2008 11:24:14 AM
From: John McCarthy	Respond to of 116555

Ouch - I have run into a buzzsaw ..... esp. if he's down 60% or so vs the mkt avg of 45% (todays barrons) being a diehard and a dumb one at that - I am stubbornly convinced if we create debt with impunity - one day (near-term) -- (buyers for the debt won't show up or - rates skyrocket -) or - we just print Admittedly - we have a surfeit of buyers of USA Gov't offerings RIGHT NOW ie -0-% but thats equivalent to suffocating all real widget makers who need funds .... In summary I am unrepentant - and think Schiffs forward economic scenario is correct .... and sincerely hope it does NOT play out .... regards John