14,087 - 13,265 = 822
7 % growth since this thread started
7 % growth in 65 days
annualized to 39.34 % growth
so much for "market timing", eh
:money8:
LMFAO!!!
Ever heard of inflation? Of course the markets are going up....shit EVERYTHING is going up, and will continue.
BTW - I predicted this in an epic post earlier this year. DOW to 1620.
Get your money in the markets or watch it be inflated away.
WWII was great for our economy, plus it also helped we were exiting the great depression as well. Wars are great for the economy in general gives people a reason to build lots of stuff and spend lots of money. Just look at all the corporate wealth gained out of the iraq war, we've even gone as far as to outsourcing our military to some extent as well. Too bad we are now sitting on 9 trillion of debt and aren't getting anything in return for our investment to date since it hasn't gone well.
It's not doomsday, it's reality. I just can't understand how some people don't see the huge credit bubble that was created by Alan Greenspan and the fed in the early 2000's. Home prices were severely inflated and most people tapped out just about every bit of home equity that they could to consume other goods and services. Most of those people had no business getting those mortagages anyway. We now have a negative savings rate in this country. People are spending more than they are earning, and with the fed lowering rates again, inflation will be on the rise in the next few quarters, and the U.S. consumer will eventually be tapped out. They are just delaying the inevitable.
A larger correction is due to clean all of this out. Also, we have record deficits, and the dollar is at an all time low against every other major currency, gold is rising fast as well as oil prices over $80 a barrel.
Like I said, it's not doomsday, just the facts of the situation.
A larger correction is due to clean all of this out. Also, we have record deficits, and the dollar is at an all time low against every other major currency, gold is rising fast as well as oil prices over $80 a barrel.
Like I said, it's not doomsday, just the facts of the situation.
lmao oil and gold.....do you think youre the only one who knows about oil and gold prices.
if a depression is coming it will be on a global level via universal inflation and continued low interest rates everywhere
as other markets will not want to compete with US Manufactured goods.
Now do you think you this is what the elite want? a global depression?
There will be intervention way before this happens...stop worrying yourself with this and go be a good male nurse frankie
if a depression is coming it will be on a global level via universal inflation and continued low interest rates everywhere
as other markets will not want to compete with US Manufactured goods.
Now do you think you this is what the elite want? a global depression?
There will be intervention way before this happens...stop worrying yourself with this and go be a good male nurse frankie
Wrong. The U.S. will see a large decline in it's standard of living, while other areas in the world we see a sharp increase in their standard of living. It will not be universal. We've been overconsuming for decades now, and it's going to come back to bite us.
I never said there will be a great depression. All I said is that a large correction is needed to clean out the market. A large recession will probably do the job, and hopefully we can avoid another great depression.
I never said there will be a great depression. All I said is that a large correction is needed to clean out the market. A large recession will probably do the job, and hopefully we can avoid another great depression.
What happened in the 1970's though? We had to raise interest rates to near 20% to salvage the economy and the dollar, and there was a big recession. Some of the same things are happening today that was were happening back then, and the Fed's answer is "let's LOWER rates". It just doesn't make sense. They are delaying the inevitable, and there will be a recession in the near future.
Once again, I am not advocating a doomsday or great depression scenario. I am saying that there is a large correction due in the market, where interest rates will have to rise significantly and the overall standard of living will decrease significantly, at least for middle America. Inflation is going to rise sharply in the next 2 years with the Fed's recent rate cut. That means rising consumer prices with American consumers being able to buy less and less.
Now if the FED really screws things up, then a great depression could be possible, but I agree that no one really wants that, including the elitists.
In the real estate market, I think you will see the number of rentals skyrocket as the ultra rich will buy up property when the housing prices bottom out. With these high risk mortgages being squashed out, alot of people will be forced to rent.
Maybe what Jefferson said well over a hundred years ago is coming true:
"I believe that banking institutions are more dangerous to our liberties than standing armies . . . If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] . . . will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered . . . The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
Now if the FED really screws things up, then a great depression could be possible, but I agree that no one really wants that, including the elitists.
In the real estate market, I think you will see the number of rentals skyrocket as the ultra rich will buy up property when the housing prices bottom out. With these high risk mortgages being squashed out, alot of people will be forced to rent.
Maybe what Jefferson said well over a hundred years ago is coming true:
"I believe that banking institutions are more dangerous to our liberties than standing armies . . . If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] . . . will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered . . . The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
Gold down HUGE today.
DOW over 14,000, USD up BIG.
So much for the 'sky is falling crowd
You are likely a ghost of one of the others in this thread. No joke.
And you tell me about how great this long term chart is. http://www.dailyfx.com/charts/Chart.html?symbol=EUR/USD
You misunderstand the thread if you think this is doom and gloom. This is about the future of what our economy will look like, not tomorrow or a year from now....And if I think the market will be at 15.5k in January I'd assume someone who actually is upbeat about would see Dow 100k right? Understand the thread please. Look up the big words you don't understand.
The primary difference hetween now and ww2 times is today the credit bubble and increasing amounts of debt are delaying the hangover.
Foreigners one at a time are realizing that lending US money at this point is a losing bet, but they still somewhat need us (our consumption) to keep their own economies running.
At a point, they will either no longer need our consumption to keep their people working, they will also realize they can no longer devalue their own currencies to stop the us peso from tanking, and our credit will be cutoff.
When our creditors cut us off, that probably isnt quite the end either, since our govt will then print more money than isnt fathomable today to monetize our bonds (small amount being monetized now) and other forms of debt.
Unless all the other precedents of this throughout history are hoaxes, this will not end well for Americans and foreigners holding their wealth in dollar demoninated assets.
we had hyperinflation woof, about 27 or 28 years ago.
