Will the Powers that Be allow the Big Deflation?
Thank you for sharing your view of how things will unfold after "el tanko." I also appreciate the info regarding your biomed picks.
I must say that your prediction for sub-4000 dow is truly frightening. While not quite TEOTWAWKI, a bear market of that magnitude would probably cause major suffering on a global scale. The US is now the "consumer of last resort," and if the US tanks that hard, the world is going to have a lot of trouble selling its goods and keeping the wheels turning.
Will the boyz ever let things go that far.....?
Oleman's ramblings on deflation/inflation/el tanko:
oleman . . Sun, Oct 18, 8:57PM CST ( -0600 GMT )
A serious breakdown from here in the CRB presents a simple trading strategy. Sell EVERYTHING but bonds. Such a breakdown means we are clearly below the ZERO line and into real deflation, which has always been death for equities and for "stuff". Hate to tawk about funnymentals, but I didnt start it. I dont believe the CRB 140 scenario, cause it means Klinton will no longer be in the White House. And I dont think Klinton will ever leave the White House alive.
oleman . . Sun, Nov 29, 8:29PM CST ( -0600 GMT )
It (deflation) would mean that the boyz who control Klinton, and all the rest of the govt and financial machinery had lost control. I aint seen nuttin that makes me think they are about to lose control. It has to be something external that causes it. The procurement of a "device" and the means to deliver it by someone who has been bombed or otherwisew bullied by the Klintonistas could qualify. Or the rise to power in Russia of a regime controlled by people who are actually patriotic Russians.
14u24me . . Sun, Nov 29, 8:32PM CST ( -0600 GMT )
oleman...when mr. bill leaves office...do you think it will matter which party wins the election ( regarding market psychology ) ?
oleman . . Sun, Nov 29, 8:48PM CST ( -0600 GMT )
14u: I'll answer your question with a question. What would happen if Slick announced that the Y2K problem was of such importance to the country that we cant afford to take a chance on some Republican who doesnt love us as much as He and Hillary love us, and, ergo, there will be NO election in 2000? Would my congressperson ( Corrine Brown ) vote to impeach him? Would my cousins up in the hills vote Republican? After the CNN polls show the expected 65% support for the Slick One, would the gutless Repugnant Party impeach him? The answer to all 3 questions is NO!!!!
oleman . . Sun, Nov 29, 8:57PM CST ( -0600 GMT )
14:He wont have to call off the elections for another 2 terms. Hillary will win in a walk in 2000. If they can hold this levitating market up for 2 more years, she'll carry all 50 states.
oleman . . Sun, Nov 29, 9:02PM CST ( -0600 GMT )
14u: Funny thing I been observing for several years: Almost all the fokes who've been wrong about the market, looking for a crash every week for years now, alsop have no conception of what the Klintonistas are about. They were on here most of this year saying he would be gone in a few days. I just kept on saying he would only get stronger. But the best thing going for them is so few people understand what's going on. And they wont til its too late.
oleman . . Sun, Nov 29, 9:05PM CST ( -0600 GMT )
14u: No: Hillary wins and continues to run that small part of it that Bobby and the Boyz will allow her to run. Bill will continue to talk and chase skirts. Bill has never in his whole life run ANYTHING but his mouth. At that he has no peer. That's why Bobby snatched him up out of Dogpatch in the first place.
If you think CRB at 140 aint no big deal, you dont know no history atall. I'll cut right to the heart of the matter. If CRB is 140, there'll be blood in the streets, literally. And lots o corpses hanging from lamp posts.
oleman . . Wed, Dec 2, 6:41PM CST ( -0600 GMT )
I wont say anything else about it. But, from the dawn of history onward, when there is deflation, the king is dethroned. gone.................
If CRB is going to 140, then Dow is going below 1000. That's ONE THOUSAND. If SP is going to 600, then Klinton is going to jail. If either or all happen, I shall be both pleased as punch and rich as Croesus. But one of the results of these predictions coming true which will make me the happiest may NOT be what some of the predictors themselves want. That is the total destruction of the corrupt system that has given us the Klintonista New World Order and the 9000 Dow. Some of you young liberals who are screaming the loudest for the big bear to come, gonna be big-time surprised when you get what you THINK you want. It aint gonna be nice, and it could get quite noisy, for those of you who live in major metropolitan areas, in the midst of a deflationary depression. And make no mistake about it, when you call for 140 CRB and 600 SPX you are calling for a full-fledged deflationary depression, with all that entails. Course, most dont know enough history to even know what I'm tawkin about.: )
oleman . . Thu, Dec 3, 7:09PM CST ( -0600 GMT )
g9: fools will move to Canada. The wise will move to where honest people are well armed.
oleman . . Thu, Dec 3, 7:20PM CST ( -0600 GMT )
I dont wish you bears to get the wrong impression about what I think. I agree with you on the ultimate destination. I just think that the most powerful people in the history of planet earth are not about to "go quietly into that good night". They will use every cent available and every trick in the book to keep themselves in control. As soup says, they WILL ultimately lose, but they still have some good arrows in their quiver, imo. Americans been spending much more than they been earning ever since Klinton has been in power. No wonder they FEEEEL GOOOD! Its been like manna fallin from heaven, and it has made the "sheeple" quite passive. They dont want to give up either their over-consumption, nor their whining, perverted President, whom they, mistakenly, think has made it possible. It aint gonna be easy for them to face when it does come. God!, I hope I live to see it! I'd give a cool million right now to insure that g9's prediction of 600 SPX comes by Super Bowl Sunday. I really would. Even if part of the deal was that I could not trade it.: )
oleman . . Thu, Dec 3, 7:38PM CST ( -0600 GMT )
gully: didnt mean to try to educate you politically. Just think its amusing to hear some of the gloom and doom from people who dont have any idea what it is. So, I'll say this and then go for the nite: If someone has an aversion to guns for self defense, and lives in a metropolitan area with several hundred thousand violent, well armed people who are COUNTING on the government checks being in the mail on time, and the goods being in the stores when the checks come, that person better think twice when forecasting an economic cataclysm. That person would last about 15 seconds. And The fact that Windsor, Ont is across the river from Detroit, aint no comfort. gone---------------
gullly . . Thu, Dec 3, 7:52PM CST ( -0600 GMT )
Ole.You scare me too..are there so many folk who cannotor will not join into acivilsed set up..in USA..i recall LA riots,we had riots in TO too,same year,how many folk think its that dangerous..Im gonn keep looking at the good things i see,and change my handle to happy Ostrich. Globex on the move,but in a supicious walk up fashion.
oleman . . Thu, Dec 3, 7:53PM CST ( -0600 GMT )
breck: Tryin to gtet outta here. the "war department" is calling me. Yes, I think they will use the opportunity presented by the economic and social chaos of a deflationary depression to attempt to arrogatge to themselves total power. For example, I'm almost sure that they would "suspend" the '00 elections, declare martial law, confiscate the guns of evryone outside of the urban areas where their supporters live, etc, etc, ...............bbml.............. |
