poorslob

6 Comments

    • ON: Thu Aug 14th 08:01 AM
      Commented on:
      The Great Consumer Crash of 2009
      Your artical should be printed in every newspaper . For many Years I have seen the hand writing on the wall but few people around believe that this so called prosperity cannot go on forever . I have never seen so much waste in my life as we have seen over the past two decades .We throw away enough to support another country. Requarding our new economy Paul Volker said "enjoy it while it lasts"Like you said the american consumer will go down kicking and screaming and blaming others for their demise . I like yourself do not have a clue to the final outcome but have noticed that people like fish or herds tend to move together Feed us , entertain us . make us comfortable and the american consumer is satisfied ..
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    • ON: Thu Jul 24th 07:56 AM
      Commented on:
      Economic Upswing? Check Back Next Year
      One of the changes of the past 20 yrs or so has been our concept of money, few people carry currency around with them any more . Money has become digital it no longer has the same ,feel , to it .When we lose digital money it does,nt produce the same response as it used to Frugality is almost ridiculed in our society. We are now a nation of consumers only and no longer produce much of what we consume . The US economy is a house of cards ,credit cards . The big bad bear is at the door
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    • ON: Thu Jul 17th 11:07 AM
      Commented on:
      You Knew the Short Squeeze Was Coming
      Watch out for long covering in a day or two
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    • ON: Fri Jun 6th 07:04 AM
      Commented on:
      How Bad Is the Oil Shock of 2008?
      Paul Volker said ,several years ago , enjoy it while it lasts. this economy is headed for the sewer.
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    • ON: Tue Mar 25th 16:03 PM
      Commented on:
      Market Outlook: Watch Out, the Signs Can Be Deceiving
      The so called buyout of BSC should be enough to scare investors to death . Government intervention i.e. manipulation of finacial markets should not give us a warm and fuzzy feeling . I am not taking the bait that the bottom is in, I dont care what the pundits on cnbc say. Everyone wants the finacial crisis to be over and the economy to return to "normal" . First there has to be a finacial cleansing.I suspect that when it is over we will all be a lot closer to the bottom rung
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    • ON: Tue Mar 18th 07:57 AM
      Commented on:
      Warning Signs of a Modern Depression: See 1990 Japan
      Everyone has a theory on the reason for the current economic contraction ,mine is slighlty different . I my occupation I have the opportunity to visit a great many homes and have noticed a common situation that seems to appear in almost every home that I am in. We Americans are saturated in junk it hangs on the wall, the floors are cluttered to the point that you can hardly walk , My point is this, the American consumer has simply ran out if space to store any more stuff, the garage is full the closets are full the basement is full . We are junkaholics and are economy is contracting because we are suffering from a junk hangover. Hopefully thic recession will cure us of binge consuming and will lead us to a more productive path
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