Ringoes_Man

Bear Market? Numbers Don't Add Up

This is a pre-depression market.

First of all, balance sheets have become exercises in obfuscation. Not long ago AIG and BoA had basically the same balance sheet. One went broke the other is still fooling us. So forget your financial numbers they are meaningless.

The underlying cause to the coming crash is that the consumer (2/3 of our economy) is broke. Wages have been flat for 7 years. Jobs have disappeared overseas. Borrowing against equity and credit cards only got us so far and now its time to pay the piper.

You simply cannot have a just service (non-manufacturing) economy; which is what he now have. Service jobs exist to service manufacturing jobs. Without a manufacturing base any economy will fail. (ok with the exception of the SWISS)

We need American jobs for American consumers -FIRST!

The solution to this crisis is a 5-15% tariff on all imports. Only with such a penalty, will companies manufacture products in America using American Labor. Only then will EXXON drill in America rather than overseas where labor is 60 cents a day. We also need legislation to limit adjustable mortgages to .5-1.0% per year. NO ONE can adjust to a 2-10X jump in their monthly mortgage payments.

I am fully expecting a depression and pulled out of the market in January. My problem is figuring out where to put the money to protect it from the coming inflation storm as my government puts the dollar bill printing presses into high gear!

Ideas anyone?