Wednesday Outlook: Commodities, Emerging Markets

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That will wrap things up for today. Remember, we interview Emerging Markets Monitor (London) in a podcast tomorrow. It will no doubt be posted on Thursday. If you have any questions regarding this topic send them to: [e-mail].

Obviously things are going poorly everywhere around the globe. The US government and other global authorities are trying their best to micro-manage the situation. They’re obviously not scoring high points with investors so far. As was well stated in our podcast by Greg Newton, “the markets are not going to be cured overnight.” Authorities know, or should know the extent of the problems, but are taking baby steps to resolve them. A more forthright approach may be better received. My belief is that they’re scared to confront the issues head-on.

Are governments too big? Yes, in my opinion they are. It’s at the core of many problems. Can the size of government be reduced? Sure, but not with current leaders—not a chance in hell.

Let’s see what happens next.

Disclaimer: Among other issues the ETF Digest maintains positions in QQQQ, IEF, TLT, GLD, DBP, DGP, FXE, DRR, EEM, EWZ and FXI.

Comments

[Daniel Herkes:]

"Obviously things are going poorly everywhere around the globe. The US government and other global authorities are trying their best to micro-manage the situation."

Much food for thought in this article. Micromanagement is a very limited view of a global problem.

Feb 18 06:26 AM

[bosun.j:]

Almost 30 years of Ronnie Ray Gun tinkle down economics coupled with the wrongheaded belief that government is the problem have brought the worlds economies to bankruptcy. Prima facie evidence that less government, less regulation and unbridled greed comprise a failed religion many refer to as capitalism.

Feb 18 07:10 AM

[bosun.j:]

Anyway one looks at it there is nothing that can be done to stop the inevitable total collapse. No incremental solution. No all encompassing solution. Any thoughts to the contrary are simply the worst of lies. Those being the lies one tells oneself.

Feb 18 07:18 AM

[JGN:]

You have the Banking Queen and his Buddy from the State of Conn. to thank for this mess. It is they who created this mess by
directing banks to make loans to persons who had no chance in hell of ever paying back the loans...all in the name social engineering.


On Feb 18 07:10 AM bosun.j wrote:

> Almost 30 years of Ronnie Ray Gun tinkle down economics coupled with
> the wrongheaded belief that government is the problem have brought
> the worlds economies to bankruptcy. Prima facie evidence that less
> government, less regulation and unbridled greed comprise a failed
> religion many refer to as capitalism.

Feb 18 09:51 AM

[a believer:]

In summary, nearly everything was leg-down this week/month, with precious metals about the only thing (aside from the dollar) moving to the upside.

Feb 18 08:59 PM

[a believer:]

bosun j.

1. There is no evidence in these charts that more or less government either caused or did not cause these problems.

2. Capitalism may be a "religion" to a very few persons who adore it - though I doubt even that - but to the vast majority capitalism is a broad term that generally describes an economic system they participate in, not a "religion."

3. Though unbridled greed is a vice, the real problems appear to be a broad societal moral failure based on the widespread belief that there is no absolute truth. Therefore, it's OK to lie, cheat, and steal from folks you don't know as long as you "get away with it" (i.e., someone else you don't know is always there to steal from), and everyone agrees with you to call it The Right To Choose instead of Murder. And now we can do all of these things with the full approval and participation of our new *government.*

4. Regarding my last point, why is this nation so surprised that everyone will go down (on his knees) in this Great Depression? Do we really expect to continue to be blessed?

On Feb 18 07:10 AM bosun.j wrote:

> Almost 30 years of Ronnie Ray Gun tinkle down economics coupled with
> the wrongheaded belief that government is the problem have brought
> the worlds economies to bankruptcy. Prima facie evidence that less
> government, less regulation and unbridled greed comprise a failed
> religion many refer to as capitalism.

Feb 18 09:31 PM