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Michael Clark

Michael Clark
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  • The Clockwork Regularity Of God's Blessing And God's Curse In The Global Economy [View instapost]
    Thank you, Amigo. I've enjoyed conversing with you also.
    Aug 17 04:04 AM | Likes Like |Link to Comment
  • Don't Buy This Dip: The Fed Is Not Your Friend [View article]
    Finally, a chart showing this 'Bull Market' rally for what it is. I always argued that you subtract the Fed from this rally and there is not rally. This chart shows it, S&P 500/Fed's assets:
    Aug 17 12:49 AM | 1 Like Like |Link to Comment
  • Financial Markets At Critical Juncture: Could A Crash Eventually Happen? [View article]
    Europe is slipping back into recession. Japan is dead in the water. Russia and America are trying to suffocate one another over the US world-view from the 1950's. The US economy is on track for what....growth of 1.5% GDP. And you write that 'things are going quite well for the economy'.... The only place things are really going quite well are in stocks, but ZIRP is financing this bull market and it is also keeping us from de-leveraging so we can get back to zero and begin growing again. How much are we paying to keep stocks going up, with zirp, qe, corporate shell buybacks to cover up declining revenues...

    Is this really such a golden age, you suggest, everything fixed?
    Aug 16 10:40 AM | 1 Like Like |Link to Comment
  • U.S. Household Debt And Composition [View article]
    Yes, Stephen. Remember in the 1960's when UCLA had unstoppable basketball teams. And much weaker teams would hold the ball the entire game, hoping to lost 20-12 instead of 127-60? That's what the FED is doing: holding the ball.

    They are doing more than that, much more, but they are also doing this.

    Cowardly coaching.
    Aug 15 01:34 PM | 4 Likes Like |Link to Comment
  • U.S. Household Debt And Composition [View article]
    Actually, the only real de-leveraging was acounted for by mortgage defaults, in all came in a wave after 2009. The FED's insistence on lower and lower interest rates was not the right prescription to generate de-leveraging, but re-leveraging. The Fed knows the banks will fail if we really de-leverage. So they are doing the only thing they know now to do: encourage more spending money we don't have so they can avoid the truth. The truth is painful de-leveraging must come. And they don't want to accept this truth. It is a very sad delusion going on. The FED wants someone else to do the dirty work for them. Gutless politicians won't make the hard decisions.
    Aug 15 01:32 PM | 2 Likes Like |Link to Comment
  • 3┬áReasons Europe Is Struggling [View article]
    Debt; Housing Bubble and Continuing Overpriced Housing; Flawed Currency Mechanism. Europe, like America, like the UK, like Japan, needs a good dose of deflation to drive down prices and destroy debt. The whole world needs this. In fact, the thing that we all dread the most is the very thing that will cure us. Not instantaneously. I know we are used to instant gratification. Life without pain or doubt. But we must destroy our debt so that we can start over again. Debt clogs the arteries. Debt is strangling the global economy. Prepare for default on bad loans. Prepare for bank failures. Let's get this started so we can get over it and move on. Spending more than you earn is NEVER a good scenario for sane living.
    Aug 15 01:24 PM | Likes Like |Link to Comment
  • Don't Buy This Dip: The Fed Is Not Your Friend [View article]
    I have patience. But I'm afraid Janet Zellen might have even more patience than I have.
    Aug 14 03:06 PM | Likes Like |Link to Comment
  • Don't Buy This Dip: The Fed Is Not Your Friend [View article]
    You are saying the 'doom and gloomers' are dishonest? In what way are they dishonest. Or are you just rotely defending the establishment?
    Aug 14 02:34 PM | Likes Like |Link to Comment
  • Don't Buy This Dip: The Fed Is Not Your Friend [View article]
    Yes. It is pathetic. Why does democracy fail? Maybe its because of greed and selfishness replacing the higher values that are the foundation of our country. Worship of the Money God. The Money God, of course, is a False God, an Idol.

    We need higher values, ideals. If we don't honor ideals we sink into the worship of quantity instead of quality.
    Aug 14 02:12 PM | 1 Like Like |Link to Comment
  • Don't Buy This Dip: The Fed Is Not Your Friend [View article]
    Defeat? 1939 was two years before we came into a world war that we won.

    You need to brush up on your history, Macro.
    Aug 14 02:05 PM | Likes Like |Link to Comment
  • Don't Buy This Dip: The Fed Is Not Your Friend [View article]
    Yes, Macro does miss that. He is seeing with his gut -- full scale defense of what he thinks is the perfect system. I understand that he is in that mode. I used to be in that mode also.

    I agree with you. Russia is attempting its own coup, against what it sees as indefensible hegemony, the US Dollar forced down the world's throat. Of course, this hegemony helps American live a more comfortable life. But it does not help other countries, clearly.

    Ukraine was an attempted coup, by America, against Russian interests. Yes, that is what moves the world. It is a savage chessgame. Up to this point, Putin is a much better chess player than Obama is, and the state department is, and the CIA is. He is winning with every move. Even his most recent trucks to the Ukraine with humanitarian aid is masterful. He is trying to win the hearts and minds of the Western Ukrainians again, and create dissent ith their new US-sponsored 'revolutionary' government.

    We are living in a very dangerous world today. China is restless; Russia feels surrounded; America is beginning to feel desperate that it can't fix the economy. Europe is the most unstable place also, and economy that doesn't work, not fully trusting America's leadership, thinking that America is using Europe to punish Russia and will fight Russia on European lands. We see Germany slipping away from Nato a bit, trying to fashion its own private peace with Russia over Ukraine, trading land for energy guarantees; we see France trying to walk in thin neutral line between two monsters. France wants to fight in Africa instead of in Europe.

    The longer this economic deflation lasts the more dangerous the world will become. Remember when we heard that the currency war and protectionsim was something we needed to avoid or we were in trouble? Well, we are there. And protectionism is not an evil to avoid -- it is a stage in the descent into the Night-Cycle deflation season. You have to go through that 'house' or you don't get to reach GO and collect $100. National rebirth exists on the other side of this house. We are in a very dangerous season.
    Aug 14 12:37 PM | 2 Likes Like |Link to Comment
  • Don't Buy This Dip: The Fed Is Not Your Friend [View article]
    Well said, Snoopy.
    Aug 14 12:23 PM | Likes Like |Link to Comment
  • Don't Buy This Dip: The Fed Is Not Your Friend [View article]
    Michael, the economy is not your house.
    Yes, I know, Macro. The economy belongs to Wall Street. The economy is Wall Street's house.
    Aug 14 12:21 PM | Likes Like |Link to Comment
  • Don't Buy This Dip: The Fed Is Not Your Friend [View article]
    The banks will continue to do this until they are stopped.

    In 1998, there was a coup in America. The banks took over the Democratic Party, through the well-reimbursed generosity of Bill Clinton and his friends, Larry Summers and Robert Rubin. When this happened, Wall Street owned America. They had always owned the Republican Party -- hell, the Republican Party was Wall Street.

    Now they own both parties, they make the laws they want -- the coup d'etat is a fact.

    We need a new party. Let the Rich Republicans and the Rich Democrats marry each other. Let the angry Republicans and the angry Democrats marry each other, with their enemy being the banks.

    I propose we call this new party the New Independence Party. All the nations disaffected are welcome, rich or poor, black and white and every color in between. The point of this new party will be to take back America and turn the banking system into a public utility.

    We will have many other planks also. Diminish both New York and Washington. I would also favor reconfiguring our 50 states into 9 states based on geographic logic, with these states being more powerful that our current centralized Washington DC government. We are also going to have to have another Constitutional Conference to discuss an updated constitution.
    Aug 14 12:17 PM | 1 Like Like |Link to Comment
  • Don't Buy This Dip: The Fed Is Not Your Friend [View article]
    People had to decide if they would rather eat or be homeless. With home prices booming out of the reach of most people -- and the FED spending money like a drunken sailor to keep prices up -- families had to enroll in Food Stamp programs to eat, since they could not afford housing in America AND food.

    This is still a problem. The FED doesn't care about this. It has larger fish to fry. It has to transfer as much money as it can from the public treasury to the banks before someone wakes up to what they are doing. When that happens, all the bankers will be long-gone, like in castles in foreign countries.
    Aug 14 12:08 PM | 1 Like Like |Link to Comment