I hope you realize how flawed you are, following last night’s “Glenn Beck” episode. You simply could not put aside your deep seeded hatred for the man, in the process, totally ignoring the message of how dangerous QE2 is to the economy. Instead, like barbarians, you threw feces at the screen and left idiotic comments. And another thing: quit making analytic assumptions regarding QE2, as if you could model it. It’s never been done before, jackass. Quit acting like this is ordinary stuff.
If the GDP is slated to grow at 3% and liquidity is abundant for corporations, why are we doing QE2? It’s not needed. Because of these unalienable facts, I believe this is blatant, unmasked currency manipulation, on behalf of the Federal government, via the Federal Reserve. Think Mexico. Think Russia, circa 1990’s. You may think QE2 is “so totally awesome”; but the consequences will be pie in the face, not the numerical version. It’s hard not to believe conspiracy theories, with respect to ushering in a new world currency, by way of destroying the currency that has reserve status. I hope you can appreciate what this means, for it is not just about us.
Don’t you understand corporations have input costs? K, MCD, PG, CLX etc. all have input costs that are spiking now. How do you think those costs will be covered?
That’s right, it will come directly from your purse, small bitch.
For now, the market loves it; but we are really going nowhere. Real value/wealth is not being created. The market will go up 1% today and the dollar will sink 1%, so what’s the net gain, bozo?
With my money, I am going lower than low, to the most highly levered plays out there: CHINESE LOTTO. All of this QE2 money, where do you think it goes? Five years yields are a touch above 1%; people want yield. So, they take their billions and invest it in REAL economies, like Hong Kong, Korea and Australia, even Canada. If you want a road map for surviving QE2, get long foreign equities, denominated in foreign currencies, if possible.
NOTE: Starting soon, the Scott Bleier morning radio show will be a premium service (let Scott explain). I believe it is scheduled to go live tomorrow, providing we can iron out the few wrinkles that exist. Today is likely the last FREE day. So enjoy.
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TA DA !
The Fly is God.
So when are you going long AEM?
Dollar plunging in the pre-market, as predicted long before the sweaty upright crying pig ever switched over from the All Aruba-Kidnap-Girl-Plus-Some-OJ-Stories Network.
Wish I’d gotten all those SLW calls I’d bid on yesterday… only got about 60% of em.
Damn limitt orders.
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Idiot. I will be sure to point out your next error, over and over and over.
I don’t believe he has ever made any stock market errors.
You need to try a different tack.
For example- I have it on good information that he picked the Giants to win the Super Bowl and also picked Awesome Act to win the 2010 Derby and the horse actually finished second to last.
Other than that, Jake has been correct.
You flatter, but I have been a one-trick pony for ten years now. I don’t pretend to know very much about the rest of the market. Fiat currency devaluation is a historical fact, however, and like the workings of many anti-human nature authoritarian government initiatives throughout history — like the nth thousand redistribution schemes that have been attempted over the years — it very much guarantees only one outcome.
So, if one can “buy and hold” through many a roller coaster ride, devaluation is probably the only sure thing investment decision one can count on.
Not many investors can hold from 1913 on, however, and that’s where Monsieur Le Fly’s expertise comes in handy.
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I was being serious about going long AEM. I did not gig you for being short, remember. Just said cover.
You have to remember, there are a lot of people following you here, especially — and we are supposed to be a collaborative effort. If you take my words of warning as disrespectful (sometimes I am over-the-top), you have my utmost apologies.
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What? Jake over the top? 🙂
I did cover it.
No need to apologize. I know who you are and I can see through the talk. You’re a good man.
Yeah, I know…noted it the other day, thanks be… how much easier to go long now! 😉
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I love Glenn Beck and his show. It was awesome. Thx for linking those vids so I could forward them to folks.
That’s because QE2 is GOOD for the economy. It devalues our foreign debt, gets the stock market up to bail out pension funds; hopefully gets some inflation into the system to boost housing prices and get the retirees some decent return on their CD’s, and boosts our exports.
QE2 is good for Americans, except those who have ill-gotten megabucks stashed away in munis
and foreign accounts. They should be stripped of that cash anyway! PRINT, Bennie! PRINT!
Shut up at once.
You are being facetious, but I’d point out one erruer — retirees are getting negative real return on their CD’s right now, and looking into the future.
Maybe that’s what Ben is all about w. this QE2, as he knows those wrinkly fuggers vote? He’s trying to get the long rates back up? A steeper yield curve would sure be better for everyone…
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QE 2, 3, 4, will create inflation everywhere, but the housing market. Consumers, if able, will take new low interest loans to reduce high interest loans. Effectively reducing debt while consuming less.
Only the wealthy will be able to take out loans against their assets/ collateral base and small biz will die on the vine.
I fear we could see in excess of 12-14% unemployment if this QE game fails.
You’re the man
Appropriate for FLY to cast the black pebble. More than just philosophy there. On the way by don’t forget to grin. Have you gone with the new Chinese pork producer IPO, symbol OINK. Oink, Oink when you find the key to gridlock.
It is hoped that key will be lost, forever.
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So the key economic number is still employment claims…the higher it goes the longer and more leverage you get in the stock market…jobless claims up…QE3, QE3, QE3! This is easy. Please fire more employees so they can go home and become daytraders and make 10x what they would have made at those worthless jobs of theirs…looks like 12,000 by Turkey Day.
How much of the current deficit assumes that we have tax receipts at levels from ’08-’09?
Which we won’t have, you mean…. treu.. and troubling.
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Last night following your Glen Bekc piece I had a bought of insomnia so I tuned in to Cost-to-Coast to see what the topic was. For over an hour they interviewed Alex Jones of infowars.com and prisonplanet.com where they discussed the Fed, the illuminati, world governement etc.
Needless to say I didn’t sleep well the rest of the night.
That’s the show about the UFO’s right? Good to see Jones burnishing his credibility.
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in difficult times confrontation is inevitable.
I know… everyday i’m at war with our union while our inputs go higher and competition bring it stupid 50% Chinese knock off.
at least my currency isn’t going down the toilet. i agree with you fly. i just think reference to demagogues like GB is a slippery slope. but whatever is needed to get the point across…
Scotty’s got a great show going on today. Probably the best he’s done.
“you knew Marcus Areleius?”
Thank you for the tribute.
It’s not that we have a “deep seated hatred for the man” it’s that he’s a fucking lunatic, and I can only take anything he says as seriously as if the hobo on the corner were saying it, true or not.
http://www.youtube.com/watch?v=6HWKzobeya4
http://www.youtube.com/watch?v=GzKFYcHKbnk&feature=channel
http://www.liveleak.com/view?i=358_1254524389
Sold 2k shr FORM @ 10.35.. 7% gain. Thanks FLY.