EMS

The Economic Recovery That Isn't

"Left to its own, the economy would have spun into a deflationary depression (with untold misery for large sections of the population)::

This may happen ultimately anyway. Guess who is going to benefit then ???? GS et al.., instead of those who kept themselves clean, forsaw the disaster and should have had a once in lifetime benefit/ deserved windfall last year.


On Oct 04 04:55 PM bob adamson wrote:

> Mr. Schiff is wrong in his assessment of what could have been achieved
> during the past year, about what has been achieved during that period
> and what needs to be done over the next few years. The task for the
> past year was to prevent an unprecedented world wide banking, financial
> and general economic collapse and set the stage for remedial action
> in further stages over the next years; not merely end a mild downturn
> in an essentially healthy economy through some fiscal and monetary
> tweaking or by letting market forces do the job unaided. Left to
> its own, the economy would have spun into a deflationary depression
> (with untold misery for large sections of the population) forestalling
> any short to mid term productive options for either government or
> private sector action. The task now is to stay the stimulus course
> until the private sector is again able to carry its share of the
> load. The longer term task is to prevent a false recovery that simply
> returns the state of affairs to that which pertained in 2005 or thereabouts.
> Rebuilding the public sector and industrial sectors of North America
> and Western Europe and encouraging thrift and increased savings patterns
> at these later stages will be important to the development of economic
> soundness but only if we don’t jump the gun with this before the
> recovery is truly underway.

I'm Skeptical About This Rally

ABSOLUTELY correct.


On Mar 23 06:54 PM youngman442002 wrote:

> I too am not buying into to it long term...its strictly a day trade.....so
> the Banks are AOK now..except Sheila Blair said some are not...BUT
> of course she would not say which ones..so much for the new transparency...its
> the bankers(seekingalpha.com/symbo...) making the American
> public feel like all is good....so they can get onto baseball or
> something while they fleece the rest of the TARP monies away....GS
> will be a big buy of these so called "Bad Assets"..and yes the government
> will cover 95% of them...so GS will squeeze out a 40% profit them
> dump them back to the US to cover....and down we go again....but
> hey its only Monday and only another trillion...probably 3 more by
> Friday....

Citigroup's Decline - Not a Good Sign for the Market

I also wouldn't be surprised to see a major selloff, and soon. I find the drip-drip-drip of losses more painful than a wham-bam "trading-curbs-in effect" action that is certainly needed to give birth to the proverbial "new bull""

Market Death Spiral Continues

It has been a slow drip, no "curbs in" action. I expect this to happen very, very soon....


On Mar 01 09:15 AM JPDD wrote:

> <i>A fall below this level will likely trigger massive selling.</i>
>
>
> As opposed to the moderate and measured selling that we've experienced
> up to now.
>
> wtf? Down 50% and you think this is mild?

Another Tough Month

He has lost his proverbial marbles. I am telling you.


On Feb 28 04:01 PM Lars39 wrote:

> Even Warren Buffett's BRK-A is down over 40% since last fall and
> about 10% down in Feb. Somehow, I thought Buffett would have done
> better.

Another Tough Month

Should by all rights be a big down month, but you know, when things are too predictable the Bulls will be pumping.... Could lead to some serious whip-saw and a big 'rally ' at some point I am afraid...

Siegel vs. Standard & Poor's

Siegel is a grand old 'pump monkey'. I'm shocked that people would listen to his drivel.

'Bad Bank' Does Not Trump a 'Bad Market'

nice comment...


On Jan 28 06:19 PM ChkRazer wrote:

> so basically
> ... everything that ever happens is nothing by a bear market rally

Will 2009 Bring Ring Three of the Financial Circus?

Well written article. Thanks for thaking the time to write.

Uncle Ben Signals the End Game

So you have trouble w/ sarcasm...


On Dec 01 08:14 PM Wes Van Winkle wrote:

> I've read some astonishing things on this site lately, but the idea
> that a recession that started in December, 2007, is somehow "Obama's
> fault" really takes the cake. In December, 2007, Obama was not only
> not the president, and not only not the Democratic nominee, he was
> in third place in the race for the Democratic nomination. So how
> exactly is he responsible for the current recession? Statements like
> this one do not exactly redound to the benefit of your credibility.