Economic Meltdown?
http://youtu.be/H8GHuyngLZM
Video response to "Mortgage Foreclosure Tsunami 2011" http://youtu.be/Ze9MyGB2tBc
Showing posts with label stock market. Show all posts
Showing posts with label stock market. Show all posts
5/4/11
Government Intervention
Saved the banks and big business from Depression...
Causing a Depression among the average person.
We are now into the fourth year since the real estate bubble crashed in 2007 causing the Federal government to intervene and "save" the financial institutions that were "too big to fail." The result has been that the major banks and financial institutions and Wall Street are not feeling the effects of the damage they originally caused but the average person is. Unemployment is still too high, the inflation caused by the printing of money and government debt are causing hardship in the general population but not among those in the financial world. The end result is not that the taxpayer is going to be overly burdened but that our government is technically insolvent and could quite possibly go bankrupt.
The scandal of this is that so far they have gotten away with it. It is my belief that the bad news is this will lead to the decline of our currency and an inevitable market crash. The good news is it will cause us as a people to do something to rid ourselves of the political and business class that colluded to put us in this position. We have been hijacked by the very people we entrusted with our government by electing people not acting in our best interests. This specifically applies to the Federal government, meaning the Congress and the President of the United States. It is useless to argue whether it "was Bush's fault" or "Obama is killing our country." The fact is that this started decades ago, exacerbated by the second Clinton term, during both of Bush's terms and continued by Obama. One could argue to go back further but our current condition is the result of efforts since the '92-'93 recession in Clinton's term.
We are here now and we must restore ourselves.
Regardless of how we got here, we are here now and it is up to us, the American people as engaged citizens and voters, to resolve the situation. This will not be easy as people entrenched in power neither give up easily and have the resources to fight back in ways too evil to consider in this discussion. The real truth is we are more likely to suffer an economic collapse before we can reasonably and responsibly resolve the situation by political means. How this will play out cannot be said for certain but the people responsible for getting us here are not going to stop until there is economic fallout of epic proportions that will end in the repudiation of debt.
The bottom line is that most Americans are in stressful economic conditions while the perpetrators are not feeling the effects of what they've done since they solved their immediate problem by colluding to keep printing money until it is worthless. It will take one economic domino for the rest of it to fall and when it does they will feel the effects. That is when we need to be concerned with their reaction and intentions.
We still have a chance to restore our country to "we the people."
In the mean time the best that the average forgotten man can do is maintain the best they can and remain as optimistic as possible and above all be prepared to fight back. What fighting back means is an open question but I do not believe with our history, form of government and the US Constitution, that means the government will be allowed or even be able to turn on it's own people. What it does mean is that, "we the people," must take back our government and control over our elected officials. That may sound implausible, corny or absurd to some people but to many of us it does not. One thing Americans have inherent in their character is once a movement starts going in a direction it cannot be stopped.
I still believe that it is not beyond the abilities of the citizenry to restore our country to reasonable values and the core beliefs of what America is about and return to what was intended by the Founding Fathers in the US Constitution. One thing is certain, divisiveness among the people will grow before resolution, but at a certain point the reasonable natural American character will rise above and return our country back to its core values. I don't believe this is false assumption, just as the country was in turmoil after the Civil War and during the turbulence of the nineteen-sixties, in the long term decent American people prevail and the challenge of differences and come together to overcome indecent leadership that has failed us.
Causing a Depression among the average person.
We are now into the fourth year since the real estate bubble crashed in 2007 causing the Federal government to intervene and "save" the financial institutions that were "too big to fail." The result has been that the major banks and financial institutions and Wall Street are not feeling the effects of the damage they originally caused but the average person is. Unemployment is still too high, the inflation caused by the printing of money and government debt are causing hardship in the general population but not among those in the financial world. The end result is not that the taxpayer is going to be overly burdened but that our government is technically insolvent and could quite possibly go bankrupt.
The scandal of this is that so far they have gotten away with it. It is my belief that the bad news is this will lead to the decline of our currency and an inevitable market crash. The good news is it will cause us as a people to do something to rid ourselves of the political and business class that colluded to put us in this position. We have been hijacked by the very people we entrusted with our government by electing people not acting in our best interests. This specifically applies to the Federal government, meaning the Congress and the President of the United States. It is useless to argue whether it "was Bush's fault" or "Obama is killing our country." The fact is that this started decades ago, exacerbated by the second Clinton term, during both of Bush's terms and continued by Obama. One could argue to go back further but our current condition is the result of efforts since the '92-'93 recession in Clinton's term.
We are here now and we must restore ourselves.
Regardless of how we got here, we are here now and it is up to us, the American people as engaged citizens and voters, to resolve the situation. This will not be easy as people entrenched in power neither give up easily and have the resources to fight back in ways too evil to consider in this discussion. The real truth is we are more likely to suffer an economic collapse before we can reasonably and responsibly resolve the situation by political means. How this will play out cannot be said for certain but the people responsible for getting us here are not going to stop until there is economic fallout of epic proportions that will end in the repudiation of debt.The bottom line is that most Americans are in stressful economic conditions while the perpetrators are not feeling the effects of what they've done since they solved their immediate problem by colluding to keep printing money until it is worthless. It will take one economic domino for the rest of it to fall and when it does they will feel the effects. That is when we need to be concerned with their reaction and intentions.
We still have a chance to restore our country to "we the people."
In the mean time the best that the average forgotten man can do is maintain the best they can and remain as optimistic as possible and above all be prepared to fight back. What fighting back means is an open question but I do not believe with our history, form of government and the US Constitution, that means the government will be allowed or even be able to turn on it's own people. What it does mean is that, "we the people," must take back our government and control over our elected officials. That may sound implausible, corny or absurd to some people but to many of us it does not. One thing Americans have inherent in their character is once a movement starts going in a direction it cannot be stopped.4/20/11
You Can Quote Me On That
What is propped up most go down....
Gold is skyrocketing and so is the US Stock Market. Why is that? Both are bubbles but one is likely to last longer and if I were a betting man it would be on gold as well as silver. Gold and silver still have real value and the dollar no longer does. The US dollar has been so devalued by overprinting that it sends the wrong message to cash savers, interest rates are too low.
Fund traders are investing in the stock market for short term returns on the investments the average person has placed money in for a better return. Once the Federal Reserve quits Quantitative Easing and withdrawing from the capital markets in June there will be trouble. Look for the beginning signs on April 27 after Bernanke gives his first press conference after the next Fed meeting.
Gold is skyrocketing and so is the US Stock Market. Why is that? Both are bubbles but one is likely to last longer and if I were a betting man it would be on gold as well as silver. Gold and silver still have real value and the dollar no longer does. The US dollar has been so devalued by overprinting that it sends the wrong message to cash savers, interest rates are too low.Fund traders are investing in the stock market for short term returns on the investments the average person has placed money in for a better return. Once the Federal Reserve quits Quantitative Easing and withdrawing from the capital markets in June there will be trouble. Look for the beginning signs on April 27 after Bernanke gives his first press conference after the next Fed meeting.
4/6/11
Economic, Social and Geopolitical
Does anyone really believe this stock market?
We've surpassed the economic crisis of the real estate boom and crash, related mortgage mess, debt overhang along with high unemployment and have already moved into deeper global problems than many imagined. Earthquakes in Haiti, Chile, New Zealand, Burma with an even more devastating one in Japan accompanied by a tsunami causing highly radioactive water leaking into the ocean.
There are political disruptions all across the Middle East that are not going to be quelled by European nations, the US and NATO bombing Libya. In fact that's the last thing we should be doing, getting involved in "foreign entanglements." We are on the verge, if not already in, the Third World War.
Al of the above significantly involves the supply chain and management of vital parts and goods we need, not to mention food supply that has had a bad crop year due to weather. The only people reaping profits are Midwestern farmers who are doing well on government crop welfare. What all this adds up to is inflation and more inflation. Bernanke and Geithner wanted inflation to pump up the economy on consumption of consumer goods. The result is already beginning to reflect what many predicted, too much inflation on necessary goods.
We are a nation that consumes goods produced by other countries. We manufacture very little anymore and we have trillions of dollars of deficit now and what do we have to show for it? New clothes? Furniture? Lots of fattening snack foods? The vociferous over-printing of money has largely been spent on payments to the low or non-producing sector of the economy. In other words, largely the public sector or in some form of welfare to subprime consumers or subsidizing financial institutions that services them, creating an illusion of a "slow recovery."
The only thing recovering is the cash reserves of private sector companies that they are hoarding because they don't know what the government is going to do next. Individual savers are losing because their cash is becoming inflated and interest rates are for all practical purposes nil. We're rewarding credit spenders and punishing savers.
It is no wonder Ron Paul and others want the Federal Reserve audited. The Treasury and the Fed have also been subsidizing the stock market by buying and selling shares in wholesale blocks. The movement and trends are easy to spot to anyone with a perceptive eye. Aided for good measure by CNBC, the Wall Street Journal, Barrons and the New York Times, among others. To once again state a repeating refrain, the fundamental underpinnings of the economy are not sound. In particular the Gross National Product and employment alongside the unrealistic price to earnings ratios of companies do not bear out the US Stock Market being as inflated and "bullish" as it is.
When the Federal Reserve starts withdrawing support from the Markets, then what? Careful of the shards of glass falling from high rise buildings on Wall Street.
End of rant...
We've surpassed the economic crisis of the real estate boom and crash, related mortgage mess, debt overhang along with high unemployment and have already moved into deeper global problems than many imagined. Earthquakes in Haiti, Chile, New Zealand, Burma with an even more devastating one in Japan accompanied by a tsunami causing highly radioactive water leaking into the ocean.
There are political disruptions all across the Middle East that are not going to be quelled by European nations, the US and NATO bombing Libya. In fact that's the last thing we should be doing, getting involved in "foreign entanglements." We are on the verge, if not already in, the Third World War.
Al of the above significantly involves the supply chain and management of vital parts and goods we need, not to mention food supply that has had a bad crop year due to weather. The only people reaping profits are Midwestern farmers who are doing well on government crop welfare. What all this adds up to is inflation and more inflation. Bernanke and Geithner wanted inflation to pump up the economy on consumption of consumer goods. The result is already beginning to reflect what many predicted, too much inflation on necessary goods.
We are a nation that consumes goods produced by other countries. We manufacture very little anymore and we have trillions of dollars of deficit now and what do we have to show for it? New clothes? Furniture? Lots of fattening snack foods? The vociferous over-printing of money has largely been spent on payments to the low or non-producing sector of the economy. In other words, largely the public sector or in some form of welfare to subprime consumers or subsidizing financial institutions that services them, creating an illusion of a "slow recovery."
The only thing recovering is the cash reserves of private sector companies that they are hoarding because they don't know what the government is going to do next. Individual savers are losing because their cash is becoming inflated and interest rates are for all practical purposes nil. We're rewarding credit spenders and punishing savers.
It is no wonder Ron Paul and others want the Federal Reserve audited. The Treasury and the Fed have also been subsidizing the stock market by buying and selling shares in wholesale blocks. The movement and trends are easy to spot to anyone with a perceptive eye. Aided for good measure by CNBC, the Wall Street Journal, Barrons and the New York Times, among others. To once again state a repeating refrain, the fundamental underpinnings of the economy are not sound. In particular the Gross National Product and employment alongside the unrealistic price to earnings ratios of companies do not bear out the US Stock Market being as inflated and "bullish" as it is.
When the Federal Reserve starts withdrawing support from the Markets, then what? Careful of the shards of glass falling from high rise buildings on Wall Street.
End of rant...
1/5/11
You Can Quote Me On That
They believe their own public relations...
"There's a mark born every minute and one to trim 'em [rip off] and one to knock 'em [warn away]." Mark Twain
You can't question their belief in themselves and their ability to convince their public and each other, that they are the greatest and there should be no doubt in the stock market, that the purveyors of Wall Street regard themselves with. Their opportunistic manipulative optimism when there are significant problems on Main Street and across the real America is a testament to their removal from reality and is simultaneously surreal and magnificent.
When have you ever known the common broker to tell you to sell? Before the 1962 wild crash? 1973? 1987? 1989 mini crash? 2000? 2001? 2007? 2009? 2010 flash crash? It is in their interest to keep the stock market aloft no matter what, regardless of underlying fundamentals, economic conditions outside of the market and common sense. In a perverse way, you have to admire their capacity to convince themselves and whoever is buying stocks right now, yet one more time, that stocks always go up and never go down. As it stands now they are all looking up, huffing and puffing and blowing, to keep a bubble afloat.
Anyone interested in buying some municipal bonds?
"There's a mark born every minute and one to trim 'em [rip off] and one to knock 'em [warn away]." Mark Twain
You can't question their belief in themselves and their ability to convince their public and each other, that they are the greatest and there should be no doubt in the stock market, that the purveyors of Wall Street regard themselves with. Their opportunistic manipulative optimism when there are significant problems on Main Street and across the real America is a testament to their removal from reality and is simultaneously surreal and magnificent.
When have you ever known the common broker to tell you to sell? Before the 1962 wild crash? 1973? 1987? 1989 mini crash? 2000? 2001? 2007? 2009? 2010 flash crash? It is in their interest to keep the stock market aloft no matter what, regardless of underlying fundamentals, economic conditions outside of the market and common sense. In a perverse way, you have to admire their capacity to convince themselves and whoever is buying stocks right now, yet one more time, that stocks always go up and never go down. As it stands now they are all looking up, huffing and puffing and blowing, to keep a bubble afloat.
Anyone interested in buying some municipal bonds?
10/1/10
Quote of the Day: Jack Ablin
Bulls and Bears in Tug of War...
"The market is dominated by huge betting from both sides, and this tug of war in strategy reflects the uncertainty of the direction of the market and outlook for the economy," said Jack Ablin, chief investment officer at Harris Private Bank.
"The market is dominated by huge betting from both sides, and this tug of war in strategy reflects the uncertainty of the direction of the market and outlook for the economy," said Jack Ablin, chief investment officer at Harris Private Bank.
"US stocks post best September since 1939"
10/01/10
FT.com Markets
FWIW: FT.com Headline "US stocks post best September since 1939"
Uh, didn't WWII start in September 1939?...
'Short sales raise flags'
As well short sales should, not to mention low trading volumes and price-to-earnings ratios. I'm not clairvoyant nor superstitious and am not saying that a world war or market crash is imminent, but it seems obvious to me that the stock market is way overpriced and not proportionate within itself or with other key leading economic indicators. The philosophical conflict between negative and positive views of economic markets, the bulls and the bears, is creating the perfect storm for some Wall Street style cage-fighting.
Financial markets are like everything else, they may have short term imbalances with some doing better than others, but generally they must be in relative balance to each other for a healthy economy. The price of gold skyrocketing is countering the equities stock market and indicative of huge imbalances in other economic markets. Where all of this goes, no one really knows, in spite of what the so-called expert economist and market theorists say. As usual, time will tell.
"I'm just sayin'"
"US stocks post best September since 1939"
10/01/10
FT.com Markets
'Short sales raise flags'
As well short sales should, not to mention low trading volumes and price-to-earnings ratios. I'm not clairvoyant nor superstitious and am not saying that a world war or market crash is imminent, but it seems obvious to me that the stock market is way overpriced and not proportionate within itself or with other key leading economic indicators. The philosophical conflict between negative and positive views of economic markets, the bulls and the bears, is creating the perfect storm for some Wall Street style cage-fighting.
Financial markets are like everything else, they may have short term imbalances with some doing better than others, but generally they must be in relative balance to each other for a healthy economy. The price of gold skyrocketing is countering the equities stock market and indicative of huge imbalances in other economic markets. Where all of this goes, no one really knows, in spite of what the so-called expert economist and market theorists say. As usual, time will tell.
"I'm just sayin'"
"US stocks post best September since 1939"
10/01/10
FT.com Markets
9/1/10
Real Estate Bubble Chart
We have not reached bottom...
Don't be fooled by the psychology of the market. People are clinging to the hope of a real estate recovery. We are not yet at the bottom.
from Irving House Blog
We are on the verge of a global currency crisis, stock market crash, bank failures, government insolvencies and it's not the bottom for real estate. The best way to face multiple crisis is to look straight at them with clarity and no fear. It is the only option for resolution, which will take effort, time and creative thinking.
Don't be fooled by the psychology of the market. People are clinging to the hope of a real estate recovery. We are not yet at the bottom.
We are on the verge of a global currency crisis, stock market crash, bank failures, government insolvencies and it's not the bottom for real estate. The best way to face multiple crisis is to look straight at them with clarity and no fear. It is the only option for resolution, which will take effort, time and creative thinking.
Subscribe to:
Posts (Atom)