a believer

Wednesday Outlook: Commodities, Emerging Markets

bosun j.

1. There is no evidence in these charts that more or less government either caused or did not cause these problems.

2. Capitalism may be a "religion" to a very few persons who adore it - though I doubt even that - but to the vast majority capitalism is a broad term that generally describes an economic system they participate in, not a "religion."

3. Though unbridled greed is a vice, the real problems appear to be a broad societal moral failure based on the widespread belief that there is no absolute truth. Therefore, it's OK to lie, cheat, and steal from folks you don't know as long as you "get away with it" (i.e., someone else you don't know is always there to steal from), and everyone agrees with you to call it The Right To Choose instead of Murder. And now we can do all of these things with the full approval and participation of our new *government.*

4. Regarding my last point, why is this nation so surprised that everyone will go down (on his knees) in this Great Depression? Do we really expect to continue to be blessed?

On Feb 18 07:10 AM bosun.j wrote:

> Almost 30 years of Ronnie Ray Gun tinkle down economics coupled with
> the wrongheaded belief that government is the problem have brought
> the worlds economies to bankruptcy. Prima facie evidence that less
> government, less regulation and unbridled greed comprise a failed
> religion many refer to as capitalism.

Wednesday Outlook: Commodities, Emerging Markets

In summary, nearly everything was leg-down this week/month, with precious metals about the only thing (aside from the dollar) moving to the upside.