SI
SI
discoversearch

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 Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Perspective who wrote (246057)4/29/2010 7:02:39 AM
From: Dan3Respond to of 306849
 
Re: By turning the asset price markets into little more than random number generators, they've ensured that no one but a daytrader or full-time professional can avoid losing purchasing power to the thieves. There is no longer a way to "save." You must either spend it, or play along with the bubbles. But that requires daily monitoring, realistically only suited to professionals. And as we are seeing more each day, the only thing the professionals are good at is ripping you off.

Good post.

I'm not sure what we should be calling our current economic structure, but when markets become so distorted, it's no longer reasonable to call it a market economy.

It's not longer capitalism, it's certainly not socialism. I guess kleptocracy is as good a term as any.



To: Perspective who wrote (246057)4/29/2010 10:20:23 AM
From: The ReaperRead Replies (1) | Respond to of 306849
 
With the BIDU news and subsequent reaction, AMZN should be flying. It's not so I think it's safe to get back into the water short there.



To: Perspective who wrote (246057)4/29/2010 11:04:47 AM
From: THRespond to of 306849
 
brother bobcor,

I agree, but with one minor modification; it's not random.

I believe that those in power believe it is a matter of national security that markets are at X. X being whatever they think X should be. And that pretense allows them to justify whatever manipulation is required to move markets to the objective.

The difference between us and them is that we don't get the memo.

As for purchasing power, well, back to the proton 79. It is not a forever hold, but when we have manipulation of this magnitude it is a good choice.

Today we have another day of insanity by the bulls. I like to review my mistakes, and the past year my big one is very, very clear. It is a simple flaw in that I continue to underestimate Ben Bernanke's resolve to force everyone to do anything but save.

We live in a bizarre world.

GT
TH