We Hold These Truths No Longer Self-Evident [View article]
Fully agree. "Armageddon" was a scam sold via the MSM, to justify diverting the labor of productive Americans, present and future, to subsidise derivatives and mortgage frauds. "Fragility of the system" was an excuse to avoid prosecuting fraud, lest it "roil markets".
Your point about the return of a "Barter Economy" is interesting. As money becomes a mere medium of exchange, and loses its role as a store of value, we are effectively, returning to a barter economy where money merely facilitates the bartering process.
Capitalism is premised on the notion that those who produce in excess of what they consume can accumulate and store capital, then invest it for employing others, and this requires money to function as a store of value. As money becomes increasingly debased by printing, becoming a mere facillitator of barter and devoid of its storage role, the capitalist system which served the West well for four centuries is drawing to a close.
Unemployment Claims Data Disappoints [View article]
In socialist France, unemployment payments begin to decline after a few months of collecting them, and terminate after one year. Makes me wonder if the US is really less socialist than Europe, as many Americans would like to think.
It's a Winter Warming Spell - But More Snow Ahead for Markets [View article]
Good article and I agree with all your logic.
I have slowed down my cautious buying for the long-term which began in October, having been largely in cash since 2006. Increasingly, I fnd myself trading the dips and rallies, abandoning my simple, fundamental philosophy of buy and hold and taking advantage of fluctuations, some of which seem artificial.
Yesterday, Ken Rogoff of Harvard was saying that he thinks there is worse to come, and he expects this to be a four year process. My guess is that he is right, despite all the attempts at positive spin coming out of our various leaders.
Global Markets in Review: Stocks Higher on a Stimulus and a Prayer [View article]
You quote David Fuller "A rising stock market would force a reappraisal by bears, leading to a reversal of short positions, while long-only investors put more of their cash back into the stock market."
As a fairly successful long term, and long-only investor, I don't buy stocks on "momentum", or just because the market goes up, or because bears reverse their short positions. I buy stocks based on value and fundamentals like earnings, dividends, business model, and balance sheet quality. I suspect many other long-only investors use similar logic. These fundamentals are getting worse, with no sign of imminent improvement.
We Hold These Truths No Longer Self-Evident [View article]
Your point about the return of a "Barter Economy" is interesting. As money becomes a mere medium of exchange, and loses its role as a store of value, we are effectively, returning to a barter economy where money merely facilitates the bartering process.
Capitalism is premised on the notion that those who produce in excess of what they consume can accumulate and store capital, then invest it for employing others, and this requires money to function as a store of value. As money becomes increasingly debased by printing, becoming a mere facillitator of barter and devoid of its storage role, the capitalist system which served the West well for four centuries is drawing to a close.
Unemployment Claims Data Disappoints [View article]
It's a Winter Warming Spell - But More Snow Ahead for Markets [View article]
I have slowed down my cautious buying for the long-term which began in October, having been largely in cash since 2006. Increasingly, I fnd myself trading the dips and rallies, abandoning my simple, fundamental philosophy of buy and hold and taking advantage of fluctuations, some of which seem artificial.
Yesterday, Ken Rogoff of Harvard was saying that he thinks there is worse to come, and he expects this to be a four year process. My guess is that he is right, despite all the attempts at positive spin coming out of our various leaders.
Global Markets in Review: Stocks Higher on a Stimulus and a Prayer [View article]
As a fairly successful long term, and long-only investor, I don't buy stocks on "momentum", or just because the market goes up, or because bears reverse their short positions. I buy stocks based on value and fundamentals like earnings, dividends, business model, and balance sheet quality. I suspect many other long-only investors use similar logic. These fundamentals are getting worse, with no sign of imminent improvement.
Obama Honeymoon Likely To Be Cut Short By Bond Market [View article]