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

To: TobagoJack who wrote (77293)	8/5/2011 1:13:31 PM
From: Cogito Ergo Sum	Read Replies (2) \| Respond to of 217815

Don Coxe on BNN presently ... he says we are moving through a period of Sustained Discontinuity Sounds more than a tad like official speak for Dark Interregnum :O)

To: TobagoJack who wrote (77293)	8/5/2011 4:08:36 PM
From: carranza2	Read Replies (2) \| Respond to of 217815

Chinese are not really Chinese, they are Austrians. vbg france24.com China says debt financing unlikely 'to save' US, EU AFP - China said Friday that debt deals in the United States and in Europe would not be enough to save their economies and "concrete steps" must be taken to rebalance the global economy. "The only way the Americans have come up with to improve economic growth has been to take on new loans to repay the old ones," a blistering commentary published on the official Xinhua news agency said. "To eat May's grain in April, however, will never be a permanent solution to a problem," the report said. China warned on Wednesday that Washington's efforts to raise the US limit on borrowing had failed to defuse America's "debt bomb" and signalled that Beijing would further diversify its holdings away from the dollar. After months of bitter negotiations with his Republican rivals, US President Barack Obama finally signed an emergency bill on Tuesday that averted what would have been a disastrous debt default for the world's biggest economy. Beijing's latest comments rounded on Thursday's 500-point drop in the Dow Jones industrial index, noting that it had exposed "the plight of western economies and their deep structural defects." "The United States has long been maintaining economic growth and excessive consumption by means of debt financing, hence masses of economic bubbles, which eventually triggered the financial crisis," the commentary said. The commentary also took aim at the European Union, whose members recently constructed a deal to stave off a sovereign debt crisis in Greece in fear that it would be a harbinger to a wider and deeper credit malaise in the eurozone. "The current bailouts offered by international bodies such as the EU are in a sense, to 'rob Peter to pay Paul'," it said. "Only by introducing reform can they save themselves; only with a sound economic structure can they assume responsibility for the world economy."

To: TobagoJack who wrote (77293)	8/6/2011 8:33:05 PM
From: vegetarian	2 Recommendations Read Replies (1) \| Respond to of 217815

Good buying oppty in Platinum last week, price within stone's throw of Gold price, remember they were close around 400, and may be 800 and now in 1600's, it seems with that series next oppty would be around ~3200 :-). With govts cutting rates down to 0 in the west (saw swiss doing it), the defn of risk-free assets will change over time because unless the system goes through a painful reset, the rates are not going back up. I think cash works for a while but will likely be the last asset to get hit as people will realize there is no safety in there. People would be best served using cash to diversify into other assets as and when oppty presents itself. I think in short term (~1-2 months) Silver dips once again to 33-34 range where it will make a double bottom and start rising again marching back to prev high of 47. S&P and dow will test the resistance at the broken major supports before starting march downwards. Mumbai Sensex has broken major support at the descending triangle formation and headed to 15K. Shanghai composite also testing major support around 2600 which mostly like will give way which would clear path to ~2000. Europe mess is a bit of comedy, S&P has gathered courage to downgrade USA and will be an external forcing function that may be useful to some extent. For Europe such forcing function would need to be in the form of German exit from EU along with a down-grading of French govt bond rating for them to realize/start doing right things, the questions is how late in the game they are willing to take that medicine? Experience shows that one is best off taking antibiotics on first sign of cough infection rather than when it peaks, because in the latter case you get worst of all worlds :-) Although we are past the stages where natural economic cycles can be allowed to work out, many of the problems we face today are because the central governments have thought that they can use policies to wipe out recessions, stuck in believing in them, and then have the stupidity to implement those thoughts when there has never been a basis for that belief. Now people are scared sh*Tl%$s of recessions and fight them tooth and nail turning them into deflations and depressions. Why not just go through the natural cycles without fighting them, they are necessary for healthy economy.