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

To: Mike M2 who wrote (43560)	12/6/2008 8:55:26 PM
From: TobagoJack	2 Recommendations Read Replies (2) \| Respond to of 217588

i think we move on to new stage of old game. Question of 2009 (i) The state of the world, simply a. Customers scarce all over b. Capacity utilization gone low c. Unemployment going high d. Cost dropping everywhere e. Credit tight at retail and corporate levels f. Money cheap at source g. Money velocity not exactly picking up, yet h. Money helicopters flying everywhere and all over i. Generalized officialdom direction: phuck the savers with surplus capital and screw the hoarders with excess savings, because the wastrels who did not save may well go on the rampage j. Idiots are in charge, wastrels vote, and bankrupts cannot retire k. Taxes cannot rise l. Spending must rise m. Zimbabwe devolution is model for all n. The fiat money nonsense will hold, for now, for awhile longer, until a Greater Still Crisis 5-7 years down the road o. When we finally arrive at the end-game precipice of Argentina-style outright default (ii) 1933 propaganda movie on the wonders of inflation ritholtz.com (iii) Competitive devaluation per way of monetization of debt and cost, i.e. monetary inflation, everywhere, and concurrent, along with sharply reduced valuations, will work to stop the nominal asset price declines, maybe (iv) But, be that as it all may, unsupportable debt-enhanced asset still need to bleed some more and / or a lot more, starting with the million dollar homes of unemployed and unemployable mortgage bankers who cannot build roads, and including those dividend-free shares of companies which cannot compete for any number of structural reasons (v) What will the excess supply of money and force-fed credit do, besides ending up as pavements to nowhere in America and bridges for somebody in China?