Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (101201)	2/12/2009 11:37:24 AM
From: forceOfHabit	Read Replies (3) \| Respond to of 110194

Hawk, Habit.. would like your comment on the following article: nakedcapitalism.com; I'm just a poor dumb trader. Too much economics makes my head spin and reminds me of arguing over how many angels can dance on the head of a pin. If you want my opinion on the state of the economy, I think we are in the early stages of a huge fiat money crisis. There is no buy and hold solution (not even gold/silver, shotguns, and canned goods). Stay alert. Stay nimble. Surf's up! habit By nature, I am incapable of giving a pithy reply to anything, so of course, I must elaborate. Currencies are much more fragile than most people realise. Ask yourself, of the 5 most powerful countries and their currencies in the year 1900, how many were still around a mere 100 years later?

To: Hawkmoon who wrote (101201)	2/12/2009 1:22:09 PM
From: Elroy Jetson	6 Recommendations Read Replies (2) \| Respond to of 110194

I'll comment on the Irving Fisher inspired article. Let's first recall that Fisher was the genius who in September 1929 believed the stock market had reached a permanently high plateau, and was totally baffled as the market declined. Apart from this, the three Lessons cited in the article are all correct. However the conclusion, taken from Fisher, is hilariously incorrect and out of place with the rest of the article, "great depressions are curable and preventable through reflation and stabilization". This is the sort of claptrap that we later heard from Milton Friedman, and is simply false. .