fredissy

Stock Market Rally Is for Suckers as Credit Destruction Lingers

I don't know about his numbers...all technicians have numbers, just take your choice. But, his premise is right on. Mama always told me that money doesn't grow on trees. That is true. But, money does grow in the US Treasury. Mama didn't know crap about that. She lived in a world when credit was hard to get, and people lived simpler and more fruitful lives. They lived within their means. As a child , I used to make toys out of stones and little pieces of wood. I used to play in the dirt....I played in the dirt a lot. I am 75 and hardly ever am I sick.....I wonder if playing in dirt had anything to do with that?
No, I don't know if his numbers are correct, but his premise is. A society cannot print, borrow, and spend its way to prosperity. And bring up our children in a totally clean environment where they can be a comfortable 50 pounds overweight doesn't seem to bode well for our future either.
Our society, our economy, our markets, and our general well being, are all headed for HELL. The only question is......How long will it take