Oil: From Bubble to Bust - And Back Again? [View article]
I agree with this article which is why I have not panicked and sold all my energy holdings, in spite of the substantial paper losses I have at present.
I do not have a clue if the markets have bottomed. I see an awful lot of very good businesses being sold for next to nothing now. One would think that use of energy is going to cease altogether and everyone is going to stop eating, sleeping, mating and defending. Be careful, the darkest hour is just before the dawn.
Government's Next Lesson: Small Is Beautiful [View article]
Personally, I would be happy to see a lot of the big corporations broker apart. I do not feel they serve the society in a healthy way in the long term.
Walmart is too big now, as are many many others...
Should We Really Bail Out the Big Three Automakers with $73.20 Per Hour Labor? [View article]
If what is said by the author is true, then the companies with non-competitive costs will fail regardless of a bailout; a bailout only delays the inevitable.
There are too many car makers anyway.. Let the car buyers decide who they want to survive, not live in a sentimental dream.
I sent my absentee ballot in already and voted for Green or Libertarian and for only my Democrat Congressman Mr. Earl Blumenaurer who has consistently voted against the wars, against the bail outs, etc. My own gut sense is we are in for a very long and deep depression situation, and there is no government or combination of governments that can prevent this from happening. The lows we see now, will look high in another six months as more businesses fail, jobs become scarce worldwide, and trade slows.
My prediction: No matter what the government does, it can't make bankrupt companies solvent. The dollar is going to sink sharply, gold will soar. Where does our government which is already O/D to the max keep coming up with hundreds of billions more for bailouts??? I guess the printing presses are working overtime??
It is one bubble bursting after another, and the bear is only begnning to growl. I don't believe the financials have come close to bottoming, as yet. This is DEFLATION happening before our eyes, while we worry about inflation.
I always appreciate Michael's analysis and read them regularly. He is right, more often than wrong. Yet, something in me says this is all being manipulated, and is temporary, albeit it may go on for some time. As long as the US Govt is running the gargantuan deficits and the trade deficit remain in hundred of billions, I can't see the dollar remaining strong for too long. I, however, living Asia and converting dollars to local currency enjoy the higher dollor.
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Latest | Highest ratedOil: From Bubble to Bust - And Back Again? [View article]
Lower Markets Are Still to Come [View article]
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Dow Will Equal Gold in 2009 [View article]
Government's Next Lesson: Small Is Beautiful [View article]
Walmart is too big now, as are many many others...
Should We Really Bail Out the Big Three Automakers with $73.20 Per Hour Labor? [View article]
There are too many car makers anyway.. Let the car buyers decide who they want to survive, not live in a sentimental dream.
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