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TrapperGus
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GRR Spartan
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TrapperGus
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TrapperGus
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GRR Spartan
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FishHead said...
You keep using this lately when someone posts a fact, is it just because you don't have a response and trying to keep post count up or do you truly feel that a fact that opposes your delusional thoughts is stirring the pot and fishing?? Its kinda weird even considering your age...
fishy you don't post facts, you post your names sake
Read my post above big boy. Put down the beer , leave the keg and read my previous post If the EU goes double dip there is a good possibility it will pull the US down with it.
Like is happening today. EU is weak. US markets going down. All because the US was looked at to pull the wagon.
We are about where we were in stcks on 1Jan 1012 or a tad below libor rates are miniscule
Gold is at about 1610 down from 1900 in the last 52 weeks
Oil is below 90 (86 something)
Silver is at 27.1 . The 52 week high was 43
Copper is downChina is seeing a slowing economy because their imports are down.
What I do know is the US economy with its dreaded (and too small) stimulus has fared better than the austerity crazy EU.
This post was edited by GRR Spartan on 6/1/2012 at 11:08 AM
GRR Spartan
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GRR Spartan
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hexydes said...
Who said that? That doesn't even make any sense.
You need to look at things in terms of the dollar vs. everything else. When the dollar is doing well comparatively to other assets, people stay parked in dollars. That means other assets like the stock market, the Euro, and precious metals go down.
Conversely, when the dollar is doing poorly (not worth as much, i.e. when we print more), it causes people to leave the dollar for other assets. Now, SOMETIMES, those assets line up and they all go up at the same time. Other times "the market" feels that stocks are a better play; and still other times, metals might be the way to go. The main idea though is that people go away from dollars and into something else.
So right now, the dollar appears to be comparatively "strong" because what makes it weak is the relative value compared to other currencies, which are weak at the moment. That is causing people to leave other investments and go back to the dollar. That's why you've seen the stock market tanking, metals down, etc. However, to most people "stock market" equals "the economy", and the federal reserve (lead by Bernanke) is not going to let it drop much more. That means that they will begin another round of money printing (under whatever name they decide to hide it with), and as the value of the dollar erodes away, people will move to other assets.
Which one is right depends on your long-term perspective.
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TrapperGus
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TrapperGus
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hexydes said...
Not sure what your point is; people keep flocking back and forth between the dollar and other assets. All that means is that there is deep manipulation of the market, and nobody truly knows what the fed is going to do tomorrow. Just as an example, gold and silver both took a sharp jump up yesterday on rumors that QE was impending, due to a once again collapsing economy.
That's the stability the federal reserve is bringing to the economy.
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TrapperGus
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hexydes said...
Republicans are praying for deflation? That's hilarious. Remember, you can't spell "deflation" without "massive cuts in government spending." If you think the Republicans are sincere in their rhetoric about federal fiscal responsibility, then they've got the wool pulled completely over your eyes.
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TrapperGus
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GRR Spartan
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GRR Spartan said...
Austerity has only succeeded in shutting down more jobs, slicing and dicing the middle class and creating a situation that may be worse than the one we ducked in late '07 -'08.
Money is cheap, the US dollar is strong so what is wrong with a massive infrastructure rebuild?
After 30 years of trickle down and going on 12 years of tax cuts failing to do the things promised what's wrong with putting Americans back to work and fixing / rebuilding the transportation, water/sewer and electrical grid infrastructure we have been ignoring for years while we hoped those who have benefited the most would actualyy do as predicted and haven't.
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GRR Spartan said...
Austerity has only succeeded in shutting down more jobs, slicing and dicing the middle class and creating a situation that may be worse than the one we ducked in late '07 -'08.
Money is cheap, the US dollar is strong so what is wrong with a massive infrastructure rebuild?
After 30 years of trickle down and going on 12 years of tax cuts failing to do the things promised what's wrong with putting Americans back to work and fixing / rebuilding the transportation, water/sewer and electrical grid infrastructure we have been ignoring for years while we hoped those who have benefited the most would actualyy do as predicted and haven't.
TravelinMan
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GRR Spartan said...
Austerity has only succeeded in shutting down more jobs, slicing and dicing the middle class and creating a situation that may be worse than the one we ducked in late '07 -'08.
Money is cheap, the US dollar is strong so what is wrong with a massive infrastructure rebuild?
After 30 years of trickle down and going on 12 years of tax cuts failing to do the things promised what's wrong with putting Americans back to work and fixing / rebuilding the transportation, water/sewer and electrical grid infrastructure we have been ignoring for years while we hoped those who have benefited the most would actualyy do as predicted and haven't.
Ever get the feeling you've been cheated?
Dr Strangelove
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MSUx2 said...
Down 200 pts today based on the Fed's dreary outlook on economic growth under Obama. They next 2 years look like shit. Hope and change.
I feel bad for guys like GRR who are so close to retirement. Every dip like today must hurt as bad as when they forget their fiber supplement.
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TravelinMan
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