peterthepainter

David Rosenberg: The U.S. Is in a Form of Depression

me?..I'm with leftfield...

Second Leg of the 'Big W'

it's worse than that it's dead jim...

several articles around today on how the markets rising does not mean a recovery...they sound right to me...

...easy money...blowing bubbles...red eye whiskey...for the pain...

W is nearer than V...

but WWW...repeat...is how they are playing it...

...and they are playing it...

A U.S. Dollar Crisis in the Making

no hiding place...innit!

Two Great Bounces

no...!

Is an Autumn Swoon in the Cards?

here in palookaville...

we see goldysacs v for victory (VD day) as a top...

but don't underestimate the vested interest determination that recovery should appear to be guaranteed...

Marc Faber: 10-20% Inflation Coming to the U.S.

..."and within five to 10 years it could have inflation rates of 10 to 20 percent,"

in 5-10 years anything could happen...
see mish for the best take on this...
globaleconomicanalysis...

Q109 Brought the Greatest Credit Collapse Ever

and they think it's all over...

...a very long and hard road going forward...

Housing Is Bottoming, Along with the Economy

you are early...by a couple of years...

No State Prosperity = No National Prosperity

"...but that California will avoid nonpayment."

how?

Why High Inflation Will Not Take Hold

I like this article a lot...

it makes sense to me...

below is an url worth visiting and some exerpts from it...

..."Please consider this audio with Austrian Economist Frank Shostak on Mises on September 30, 2008 discussing recent actions by the Fed....

"Will this printing create [price] inflation? This is dependent very much on what money will do next. If banks will not lend and banks sit on that cash forever and ever like the great depression because the risk is too high and the banks do not know if the lending will end up in good assets or bad assets, and because banks are in so many bad assets now they probably will not lend at all.

That is the observation that Murray Rothbard made, that during the Great Depression that banks have chosen not to lend because the risk of accumulating bad assets was far to high. So they were sitting on massive reserves. That is what is developing right now.

A good example is what happened in Japan in 2001-2002 where the Bank of Japan pumped 300% at one stage and lending continued to collapse. I expect similar things to happen here. If lending will not increase we can conclude this will not be inflationary.
I agree whole heartedly with Shostak and suggest we are following the Japanese model. This has been my thesis for years....

...Political Will vs. Consumer Psychology

What happens next depends somewhat on the political will of the central banks and politicians. However, it depends more on the psychology of the borrowers. If consumers and businesses refuse to spend and instead pay back debts (or default on them along with rising unemployment), the picture simply is not inflationary, at least to any significant decree.

The credit bubble that just popped exceeded that preceding the great depression, not just in the US but worldwide. Thus, it is unrealistic to expect the deflationary bust to be anything other than the biggest bust in history. Those looking for hyperinflation or even strong inflation in light of the above, are simply looking at the wrong model.

At some point the market value of credit will start expanding again, but that is likely further down the road, and weaker in scope than most think." mish

globaleconomicanalysis...

i have yet to find anyone who makes more sense to me on this bust...petey

The U.S. Is Spending Its Way Out of the Recession

I'm with jim hawthorn...

What Have We Learned from the Economic Collapse?

aloof with hermit eye i scan...

the present works of present man...

a wild and dream like trade of blood and guile...

too foolish for a tear...too wicked for a smile...

S T Coleridge

That Wasn't a Bear Market, This Is a Bear Market!

looking at the FTSE...

it is all one bear market...

it started in january 2000...

lower highs and lower lows...

looking at the NIKKEI...

from late 1989...that bear is still growling...

Tuesday's Fireworks Were Basically Meaningless

wow!...cool it guys...

lets see the rest of the article?... yeah...

Are Stocks Actually Cheap (And Is This a Good Time to Buy)?

yes...amen to that...


On Mar 09 08:13 AM ED K wrote:

> Yes stocks are cheap today but I think the question should be will
> they get cheaper?Based on the present trend of the market,which I
> believe has not bottomed yet,they will go down further.When the market
> starts to turn it will be a slow process and you will still have
> an opportunity to buy stocks at a lower price then they are today.