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 : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (67200)	10/14/2010 3:04:19 PM
From: yoremopnhoj	1 Recommendation Read Replies (1) \| Respond to of 217656

Since Bennyboy took over he has always given Wall Street at least what they expect if not more. They own the Fed and the Fed knows it. QE2 is a done deal.

To: carranza2 who wrote (67200)	10/15/2010 4:56:51 AM
From: elmatador	1 Recommendation Read Replies (1) \| Respond to of 217656

US is seeking to impose its will, via the printing press. The US is going to win this war, one way or the other: it will either inflate the rest of the world or force their nominal exchange rates up against the dollar.

To: carranza2 who wrote (67200)	10/17/2010 7:47:20 PM
From: TobagoJack	Read Replies (2) \| Respond to of 217656

just saw in in-tray player b: Currently in the USA with wife M,babuschka and baby. First week business in LA, now in Vegas working eastbound, central Ohio tomorrow, NYC next week. Activity has definitely rebounded everywhere. People are hurried again,traffic terrible,and inflation very real to my personal consumption basket-hotels,restaurants,air travel,even car services.Maybe the deflationists will win the fight but they're losing this round.Tkts for the 'O' show @ Bellagio for 3 (not VIP,just std) over $ 500. This has played for years but still packed with maybe 1500 @ avg $ 150/pp,many wearing sandals and baseball caps.2 BR suite @ xxxxxx Hotel $ 2000/nt,smaller suite @ xxxx almost $ 1000 at 'discounted' casino rate (thanks to my friend who manages the Macau property). Taxis impossible to get much of the time,car service runs $ 64/hr w/ 1-2 hr min. depending on time of day.Impossible for 3 to eat anywhere decent for less than $ 100 inc. tax/tip and w/o alcohol. All these staples are up 10-15% v. my experience a yr ago,and 40-50% from 2004-5.Yet the Fed fears deflation so here comes QE2.I say it's BS.The banks are screwed (again) bc of foreclosure-gate and the lousy economy/deflation are being trotted out as cover for yet another backdoor bailout.Yet the economy doesn't strike me as being all that lousy and I just don't see deflation-it simply isn't there...not in food,not in energy,not in hotel rates,not in rental cars,not in airline tkts,and definitely not in live entertainment. Joe Sixpack likes to hang out at the Wynn Sports Book. Tawdry crowd,roughly what you expect in the bleachers at Wrigley Field.Torn jeans,T shirts,some w/o footwear.Totally packed as every college football game in America is playing on several dozen flat screens.I manage to squeeze into an abandoned corner seat when a uniformed person approaches and asks what I'm doing.I reply "Watching Georgia beat the hell out of Vanderbilt,of what interest is that to you"? "You can't sit here" he replies. "Why not?" I retort." Only persons who can document they have wagered $ 25,000+ on the day can sit in that seat". Amazed I got up dizzily and meandered from the room. The era of the American peso has arrived. player s: I made similar observations during my 2-week road trip this summer, albeit at a less affluent price category than you're talking about This is confirmed by the FSDP econ series, i.e. that the domestic spending bounce off the 2008 trough remains robust even in the face of supposedly tighter credit qualification and anemic GDP -- research.stlouisfed.org[1][id]=FSDP&s[1]=chg Brief analysis of same: It is important to remember that final sales is a measure of how many domestically produced goods are sold each quarter. But there are times, like now, when much of what consumers and businesses are buying are imported products. In the never-ending process of analyzing the GDP data, there is yet another series called “final sales to domestic purchasers” which measures how much U.S. residents are actually spending. It starts with final sales, but then subtracts exports (which represents how much foreigners are buying from the U.S.) and adds imports (which represents how much U.S. residents are spending on imports). The end result is a measure of sales to domestic purchasers. In the second quarter final sales to domestic purchasers jumped 4.3%. This creates a very different impression of the pace of economic activity in the second quarter. While GDP growth was modest at 1.7%, U.S. consumers and businesses actually spent money at a reasonable rapid 4.3% pace because a large portion of what they were buying was imported. The bottom line is that American consumers and business continue to spend at a reasonably rapid rate, but much of the benefit from those sales is accruing to our trading partners — not U.S. firms. -- numbernomics.com And with the USD going lower and lower, we can expect more of the same, at least until foreign good get priced right out of the market and/or the US credit card runs out -- kind of makes a guy wonder which of those two are going to occur first