Nate C

Everything You Wanted To Know About This Week's Market (But Were Afraid To Look At Too Closely)

Great article. I am glad to read that I am not the only person who believes that the US is entering a prolonged period of stagflation. The Fed governors say it will never happen along with the market pundits. They say that there is no inflation because housing prices are declining. They even claim that the US is experiencing deflation. LOL!! Accoring to the fake government numbers, gasoline prices actually declined in April even though April gasoline futures went from 3.26 to 3.49. The worst part is that the market seems to believe the government numbers.

Ways to Win a Recession-Predicting Contest

Hey Vrspace--Bartiroma is a puerile simpleton who is only there because she is aesthetically pleasing and to pump stocks. She is happy when the market is up and depressed when the market is down. She tells everyone to buy buy buy. CNBC personalities are egregiously incompetent. The only good one is Rick Santelli who used to be the head of derivatives trading for Drexel Burnham Lambert at the CBOT. He does not pump data, just tells you what the markets are doing and anticipating. Because he refuses to pump stocks they only give him 30 seconds-1 min to speak. He is the only person on CNBC that I follow. I wish he had his own show instead of Cramer and Kudlow.

Now's Not the Time to Give Up on Stocks

"The U.S. economy will remain strong as long as American consumers and businesses continue to spend as consumption is the source of nearly 70% of our GDP." --------Consumer are not spending. We are entering a consumer led recession--not a business led recession. There is a big difference which threatens the US economy.
The economy (especially housing) is going to get worse--regardless of what the Fed does--maybe they can take the fed funds down to 0%--will that fix everything? Dont think so. The fed needs to curtail inflation and protect the value of the dollar (down 60% against the Euro over last 7 years) and not the Wall Street banks who crave cheap money.

I am short the market but will always buy the dips and sell the rallies.