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

To: elmatador who wrote (45438)	1/18/2009 12:42:13 PM
From: Hugh A	Respond to of 217802

Elmat, Can't agree more. As they have done repeatedly over the past 50 years and more, the powers that be are trying to reflate a balloon that has burst. No matter how much "pumping" they do, they won't be able to inflate it. But if somehow they they do, volatility and instability will rise and financial crises will occur with increasing frequency. It seems obvious to me we are in the midst of a financial dislocation and not a resumption of the status quo. Something new will emerge, but what will it look like? My feeling is that currencies will be linked to a basket of commodities (not just gold), rather than to empty promises of tired old men. Money creation will be limited to GDP growth plus 1 or 2%, and banks will be smaller and recognizable as banks as we used to know them. As in the 20s in Germany and 30s in most of the rest of the world, stability will be valued over all else and cash flow or a job will be the most important determinant of success. My only hope is that we can get to wherever we're going without a world war - they have a nasty habit of helping solve financial crises. Hugh A.

To: elmatador who wrote (45438)	1/18/2009 3:43:39 PM
From: RJA_	Read Replies (1) \| Respond to of 217802

>>I have been watching this for my while adult life. Likewise. Stock market valuations very overvalued for most of same relitive to actual dividends paid. Fundamentally, other than greater fool theory, have seen no reason to by into the common mania. There have been arguably some exceptions such as the Canroys... and very long term buy and holds such as Nestle. But we should get to a period where stocks pay dividends and are relatively cheap... and if we are very lucky, there is also long term currency stability. Then time to buy.