johnbee

Surprise, Surprise, Surprise: Positive Economic News Everywhere

My reading of Seeking Alpha has been that the great majority of opinion has been bearish until recently and is still in the majority.
Yet I now see a lot of bragging by those who say they got the March bottom right. Pity they didn't publish their views then. The only person who outstandingly and continually and daily called the market rise was somone called Cetin, and he was widely abused for months by pretty much everyone. Where is he now?
Its clear the market went against all the rules and was manipulated by the Fed and banker pals under duress. Have they re-established confidence? Bank results are meaningless. Its industry where we need see upside regardless of unemployment and the state of inventories will show the way to commodity prices.
Can the $ hold firm. Will interest rates rise or fall. Back to the Fed and what they can achieve. Only the big hitters know which way its going and those who are not and say they do are a waste of time.

Preview from Europe: Stocks Confuse and Confound

The depressing figures you quote are past now. There's been a clearout, so its where we go from here that counts and what the market need decide.
The only real question is whether Bernanke will carry the day in beating deflation. He's waiting right now to see what more he needs do, if it needs more. Meantime sit tight or alternatively get out of the market if you're nervous until the trend up or down becomes more obvious, at least you can enjoy the Sun and the tennis without qualms. My only bets are on Andy Murray for a Wimbledon win!

Fed Running Out of Credit-Worthy Consumers

Your FT article just says tax all private investors. So who is going to take the risk to invest in new enterprises for people to work in? The Governments of the US and the UK who have encouraged greedy bankers to defraud the financial markets by giving credit to the unworthy for the last ten years? Politicians can't run Governments-let alone business.


On Apr 16 11:38 AM Chris Cook wrote:

> It's the end of a cycle, and this time we've simply gone too far
> for a temporary fix.
>
> www.ft.com/cms/s/0/2b0...
>
>
> It was a US political economist - Henry George - who put his finger
> on the solution over 100 years ago, but he and his ideas were airbrushed
> from history by neoClassical Economics - bought and paid for by the
> privileged.

Living in the American Mafia State

Money lenders have always been money lenders despite the fancy names they like to give themselves for PR purposes. Shakespeare didn't trust them as we know from Shylock in the Merchant of Venice, neither did Cicero 2000 years before or Jesus in the Temple 500 years after him, or more recently Abraham Lincoln. When the credit treadmill the world is on stops revolving those that are on it fall back on those below and few will remain unless the wheel can turn again. The "Mafia" have shot themselves in the foot this time and if they somehow survive the gangrene by getting the people to borrow their childrens' money, as now proposed by Obama, those remaining need dispose of them once and for all if our children are ever to find peace of mind in this world.