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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (12761)	5/23/2011 11:37:58 AM
From: Jorj X Mckie	Respond to of 33421

Once bullish, contrarian Jim Grant likes cash now he likes cash, but is it because he will just lose less? he says that Benny will go for QE3-N which isn't going to help the value of the dollar. At some point (and earlier is better) you have to just let crashes happen. I think he acknowledges that here: The slow and ugly approach is to mitigate, temporize and forestall to give us time to work ourselves out of difficulties. That's the current approach. I think it's intended to be a more humane approach, but I wonder about its humanity. messing with the free market does this...it may delay the pain, but it makes it worse when you finally have to deal with it. with the popularity of government control by the public at large, it is pretty clear that we haven't learned our lesson yet. We are addicted to manipulated markets and like all addictions, the only way out is to hit bottom. Everybody's bottom is different (heh heh heh...he said bottom), but unfortunately, I think that we will need a complete economic (and cultural?) collapse to hit bottom and therefore break our addiction.