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Post by walnut on Jan 12, 2016 18:30:08 GMT
Yeah, RBS is really in the news with this "buy treasuries sell everything else". It seems like a major campaign, or else the media has just really picked it up. I feel like this is bunker mode now for oil and I look forward to seeing a rebound, which might bring commodities and stocks back up with it. Remember when the liberal intellectuals scoffed that we just didn't understand "peak oil" and that there was no way to possibly affect the price of oil with drilling or technology? Where are those pinheads now? Here is one of them: www.theguardian.com/profile/georgemonbiotBasically, anything useful or practical or profitable damages the environment, and beside that you are guilty of all sorts of social injustice so you are going to need to transfer huge amounts of money to poor 3rd world countries. I think that sums up his thesis.
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Post by sigurdur on Jan 12, 2016 18:36:12 GMT
Will take about another year for the oil thing to shake out. Then the rise will be noticed, and our economy won't be in a position to absorb the price increase shock.
The US National Debt, as posted by code in open forum, has increased approx 9 TRILLION dollars in 7 years. Any fool could make all the neighbors think they were golden if they doubled a huge debt in a short time frame. Problem is, the gold tarnishes, and I think we are very close to gold really being tarnished.
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Post by walnut on Jan 12, 2016 18:41:07 GMT
I'm hoping that $30 is some sort of psychological support for oil. We will know real soon, like today
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Post by walnut on Jan 12, 2016 18:45:48 GMT
Will take about another year for the oil thing to shake out. Then the rise will be noticed, and our economy won't be in a position to absorb the price increase shock. The US National Debt, as posted by code in open forum, has increased approx 9 TRILLION dollars in 7 years. Any fool could make all the neighbors think they were golden if they doubled a huge debt in a short time frame. Problem is, the gold tarnishes, and I think we are very close to gold really being tarnished. This is a mystery... the USD has been very strong, basically the only strong currency
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Post by glennkoks on Jan 12, 2016 19:50:02 GMT
Will take about another year for the oil thing to shake out. Then the rise will be noticed, and our economy won't be in a position to absorb the price increase shock. The US National Debt, as posted by code in open forum, has increased approx 9 TRILLION dollars in 7 years. Any fool could make all the neighbors think they were golden if they doubled a huge debt in a short time frame. Problem is, the gold tarnishes, and I think we are very close to gold really being tarnished. This is a mystery... the USD has been very strong, basically the only strong currency Have you looked at the competition? The Chinese economy is more smoke and mirrors than substance. They have forbidden certain companies from selling equities. That's right the stock market is tanking but you are not allowed to sell because big brother knows whats best. What is going to happen when they can sell? I know I would get out because I don't want to get trapped in. Then there is Europe. Not exactly a bastion of fiscal conservatism. That pretty much just leaves the Greenback as the "best in class"
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Post by missouriboy on Jan 12, 2016 20:48:47 GMT
Will take about another year for the oil thing to shake out. Then the rise will be noticed, and our economy won't be in a position to absorb the price increase shock. The US National Debt, as posted by code in open forum, has increased approx 9 TRILLION dollars in 7 years. Any fool could make all the neighbors think they were golden if they doubled a huge debt in a short time frame. Problem is, the gold tarnishes, and I think we are very close to gold really being tarnished. This is a mystery... the USD has been very strong, basically the only strong currency The dollar will not stay this high. My wife is Colombian. Today I can buy 74% more pesos for my dollars than I could 2 years ago. In Chile I could buy 55% more pesos than I could 2 years ago. As an example, my wife can buy a property in Colombia at 56% of its price 2 years ago because of currency changes (assuming of course no appreciation or depreciation). So ... if she's buying for herself, now's the time for a great discount if you have $ ... or, if you want the cash, you sell when the $ retreats to its previous levels ... and it will, sooner or later. It's a wonderful time if you have dollars to be buying overseas. Of course you have to know the local markets and rules.
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Post by missouriboy on Jan 13, 2016 2:32:19 GMT
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Post by sigurdur on Jan 13, 2016 3:04:10 GMT
It always seems the worst after the storm has actually passed.
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Post by missouriboy on Jan 13, 2016 3:35:21 GMT
It always seems the worst after the storm has actually passed. This is a very good article by someone who apparently spent a lot of time on the ground in north Iraq. I meant to create a new post but hit the wrong key. www.newyorker.com/magazine/2016/01/18/the-front-lines
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Post by missouriboy on Jan 13, 2016 4:56:09 GMT
It always seems the worst after the storm has actually passed. If I could predict these things, I'd be rich and I'm not. I remember the lyrics of an old rock song ... Send lawyers, guns and money ... the s..t has hit the fan!
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Post by Andrew on Jan 13, 2016 13:56:29 GMT
Hello more deflation? What happened to Magellans hyperinflationary armageddon?
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Post by missouriboy on Jan 13, 2016 13:58:46 GMT
Who woulda thought??? Looks like Joe Bastardi's temperature series ... El Nino ... La Nina ... El Nino ... La Nina in an ever declining trend ? OR ... The AMO!!! Is it weather??? Or is the climate changing?
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Post by walnut on Jan 13, 2016 14:22:04 GMT
Everything looks pretty good at the moment, except
1) the SP500 chart looks like a biblical, all-time monster crash is imminent,
2) the US national debt is depressingly high.
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Post by sigurdur on Jan 13, 2016 14:24:59 GMT
The US economy/government debt is ugly, but it is still the prettiest girl in town.
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Post by walnut on Jan 13, 2016 14:30:25 GMT
All the stock fraud and manipulation of the 1920's is why the US created REG T Rule and the SEC Act of 1933. It has actually worked really well.
SO, why has the world trusted China, its bogus economic data, its phony earnings reports, etc.? People are finding out it was half smoke and mirrors.
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