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

To: TobagoJack who wrote (43754)	12/12/2008 1:37:55 AM
From: Night Trader	Read Replies (1) \| Respond to of 217764

From an email to a friend: It now seems clear that the central bank is determined to try to rescue distressed "homeowners" (debt-owners more accurately) by inflating their debts away no matter what the cost to $ holders might be. They want to help the profligate (and hence encourage more profligacy) at the expense of savers in the belief that deliberate inflation will counteract accidental deflation. Which will be the stronger is hard to say but my suspicion is deflation will win somewhat over the short term (year or two) but inflation will then reappear in force like a 1970s B movie monster. The central bank's enemy is paradoxically seen as the value that others put on their product (the dollar) and the aim is to make owners of it (like bank account holders) poorer as fast as possible. Nothing is really solved by all this printing of course (how could it?) but it rearranges the economic winners and losers more to their liking. As bad economic news continues to accelerate (the 2nd derivative is negative if you like) the monetary response is likely to be increasingly desperate.

To: TobagoJack who wrote (43754)	12/12/2008 6:21:19 AM
From: TobagoJack	Respond to of 217764

following up to this Message 25246500 i met k__ today, and i just sent off a note to p++: ... all sorts of goodies are getting posted to supermarkets on the southside and at evil empire club (tai tam location) bulletin boards, particularly bmw convertibles, suvs, thailand vacation homes and such absolutely must-haves it is gloomy out there i met k__ (wholesale jeweller) today to get a read on the sapphire crystals k__ was visiting hk (normally residing in dubai) to unload his gold coins (no, guys, he had already done so by the time we met) because he was struck down by the indian market action and dubai property bust. k__ says the crystals are now 'worth' 2.5 x original 1996 purchase cost, which by my internet read sounds about right, if sold to retail shop far away from this region, but, alas, there currently are no cash buyers, and payments are severely delayed. conclusion: mineralize, do not crystalize!