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


To: TobagoJack who wrote (54987)9/13/2009 10:55:15 PM
From: dan6  Read Replies (2) | Respond to of 218836
 
hi tj- i am very familiar with your thinking about gold. 8-)

i guess if i were more defensive-minded investment-wise, i would rather invest in horse manure, onion sets, and potato eyes. as it is, i allow my equities to be buffeted around, taking some comfort that i am in good (sic) company. i've thought of pulling out of them, but things are pretty quiet around here...

all the best,
-dan

OT- i've read your mother's book. very interesting the paths we take to get where we are...



To: TobagoJack who wrote (54987)9/14/2009 2:55:38 PM
From: westpacific2 Recommendations  Read Replies (1) | Respond to of 218836
 
Fundamental failures have not been fully addressed. The required reduction in debt levels has not been completed. Increases in government debt have substantially offset reductions in private sector debt. Instead of dealing with the problem of leverage, the debt has also merely been rolled forward through a variety of clever warehousing structures and the manipulation of accounting rules.

It seems that the world is still practising Kreppanomics and the debt wars are far from over.

Satyajit Das