Roman_Fiddler

Five Predictions for This Market

As a non-American, I'm another one who sees this incredible propensity to optimism (even in the face of enormous nastiness!) and is utterly incredulous and a tad baffled.

All I can say is: great! I hope you're right, Mr Garot! I won't mind missing out on all the massive gains when the market sky-rockets and stays up there forever thanks to Mr Geithner, because I will just be so happy if we are out of any recession/depression and have a stable economy without hyperinflation.

Then I can just run my gold coins through my fingers and chuckle at how silly I was. And believe me, I'd be a happy person, I really would.

Alas, I'm not compelled to optimism on that level, however sunny I try to keep my side of the street. I think the reality is that our economy is on the brink of collapse. It might rally a bit, but I think eventually this system has to come crashing down. I hope we accept it sooner, rather than lumping it onto our kids along with a much warmer planet.