As predicted by many the deflation recession is stronger than many think. Bernanke did say he would manipulate asset prices. The question is how will they serve up shit on a silver platter so the public will agree upon it. On second thought when has the fed ever cared about image ?
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Not at $90 oil it’s not. Talk to us again at $70.
@ Mr. Cain,
Good point. Let’s revisit by month’s end or the Jackson Hole event…
but then again perhaps a short position builds up strong enough to allow for it b4 $70
Jackson hole may just be far enough away.
I’ll likely have covered out by then.
@Cain,
congrats
Yes just what we need another QE disaster. A little more rampant speculation should get the real economy moving for real this time…
@ckalt,
More than Q3 we need targeted stimulus.
This economy will go nowhere so long as people keep dropping off the unemployment line.
“Targeted stimulus?” Seriously? Who shall be the targeter? Who is the State’s omniscient economic guru that shall choose winners and losers for us?
Jeezus!!
________
Who needs omniscience to spot some good targets? Use your eyeballs. Talk to a civil engineer. There is plenty of crumbling infrastructure to fix up: http://www.infrastructurereportcard.org/sites/default/files/RC2009_exsummary.pdf
Timely repair of infratructure is cheaper than letting it fail and scrambling to get it back in service. We get the jobs now, enjoy the benefits of the infrastructure for decades, and the debt gets passed on to those who will be making use of the infrastructure.
in the late 70s the bailouts were in the millions.
result… next 10 years dow went from around 800 to 2500 an increase by factor of 3.125
In 89 they were in billions
dow 2500 to around 10,000.
In 90s bailouts were not significantly higher than the late 80s. There was a few bailouts like LTCM (half a billion) and then there was bailouts of indonesia, south korea and thiland and such (tens of billions) but they were mostly the same levels or less overall. As a result, “the lost decade”.
Now bailouts are in the trillions. we should see an increase that rivals that of the 80s. We could multiply stocks by 4 here again to nearly 50k by the end of this business cycle normally around 7-11 years… Then the next crash is going to wipe the entire system out and we will see a 1929 like peak somewhere around 2016 or so just in time for the next election when the “tea party” will disband from republican party officially forming the 3rd party, win and take the system down overnight. We will then see a global system and the global economy will have revolutionary change like never seen before since shift into industrial age.
I don’t know how you people aren’t super bullish on stocks for the next 5-10 years as well as gold and silver in the event that bond holders fear default and have to move somewhere as a hedge as they have to hold bonds as long as US is reserve currency.
My crystal ball has spoken.
Wierdo Jay…….
The global system you speak of will not be interested in allowing you to make money and bank coin in any way shape or form. It will be about total and irrevocable control over everything. It is human nature and cannot be denied.