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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (104392)	11/18/2011 5:22:20 PM
From: RetiredNow	Read Replies (1) \| Respond to of 149317

Thread, I am going to make a prediction. What we're seeing right now is a run on Europe, as I've stated before. Interest rate spreads are increasing dramatically over there, because the bond investors see no credible effort by sovereigns to get their fiscal houses in order to avoid debt defaults or paying back debt with cheaper dollars. So they are doing what all logical investors do to protect their money. They sell and invest elsewhere. Prediction: I believe this will continue to accelerate over in Europe. I believe the US will start to see some cracks in short order. Next week, we'll find out the Super Committee is not so super and no deal will be reached. Then it will take another week or two to produce a worthless deficit cut. In the mean time, the markets will tank. Then in Jan, we'll hit the debt limit and the drama will start all over. Then next year, probably early next year, the US bond investors will start to sell off Treasuries in droves, which will increase rates in the US. At some point, after the stock market revisits the lows of March 2009, the Fed will start buying up all excess demand and will embark on the mother of all QEs, probably in the range of $2-3 trillion, which will spark 1980's style inflation by 2014. Get ready folks. The end game is close. I just hope I'm wrong.

To: RetiredNow who wrote (104392)	11/19/2011 5:09:18 PM
From: tejek	Read Replies (1) \| Respond to of 149317

How to steal like Wall StreetCommentary: If we all acted like bankers there would be chaos Uh........most wealthy in this country do act like the bankers of a few years ago. Haven't you gotten the memo yet, MM? The American dream that we can go from rags to riches in one generation is mostly a myth. The people who are wealthy in this country were born to it, have a particular sports skill, make it as an actor or cheat their way to the top. Occasionally, someone who works their butt off from the age of 16 makes it to the top but they are the exception, not the rule. Therefore, the bankers of a few years ago were only doing what they saw others in the American capitalist system doing. Unfortunately for them, they chose to steal when the concept had become uber popular under the Bush administration and was going to lead to a huge economic disaster. The reason you can't retire by the time you were 50 is because you very foolishly tried to do it the honest way. You bought into the American myth and now you are realizing your mistake and are mad as hell. Unfortunately, you are painting everyone with the same tarred brush. Chill your anger and then try to look at things more rationally. If you do that, you will know then that R. Paul is not the answer. Far from it.