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mickmars

mickmars
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  • The Impending Collapse of the Gold Bubble [View article]
    Replace every "gold" word in this comment with the word "dollar" and read it back to yourself.
    Mar 30, 2011. 11:59 AM | 43 Likes Like |Link to Comment
  • Don't Bet on a Recovery [View article]
    Um, no, it's not fun to hear, but the dude is right. The only thing we are building in this country is debt, whether it be public or private.
    Mar 2, 2010. 07:12 AM | 29 Likes Like |Link to Comment
  • The Economy Is Improving - Isn't It? [View article]
    The retail investor should just pay extra on his/her mortgage instead of trying to figure these markets out.

    The folks buying into the market at 1700+ will be slaughtered.
    Aug 5, 2013. 08:41 AM | 27 Likes Like |Link to Comment
  • Why We See Gold Going Lower Long-Term [View article]
    Rising real estate prices are dependent on employment and rising incomes. We have plenty of excess labor, so incomes are stagnant.

    Money printing is causing commodity prices to rise. Rising commodity prices are eroding the amount of money average Americans have leftover for housing expenses. So....home prices will continue to fall.

    The Fed's money printing causes uneven rises in prices. Housing and salaries are about the only things that are not rising, and that's terrible for average American.
    Apr 23, 2011. 07:14 AM | 27 Likes Like |Link to Comment
  • What if It Was All Just a Big Bubble? [View article]
    Do you think Keynes would support today's monetary policies? I'm no Keynes guy, but it seems like his theories would make sense in the way that China is applying them. You save money in the good times, then spend it in the bad times to keep your economy from collapsing. In the west, we just overspend in the good times, then, when the bottom drops out, we pile on debt to pay for useless wars and govt entitlement programs.

    Yeah, this ain't gonna end well.
    Mar 25, 2010. 08:20 AM | 25 Likes Like |Link to Comment
  • Bernanke Doubles Down On Fed Put [View article]
    The best the Fed can do is fuel this mild stagflation we've been living in for years now. GDP will continue to "grow" at a rate equal to or less than the rate of inflation.

    Commodities will creep higher in price. Wages will not. The middle class will continue to see their standard of living slowly eroded away.
    Aug 31, 2012. 01:58 PM | 21 Likes Like |Link to Comment
  • More Signs of a Housing Market Bottom [View article]
    Yeah, try "It's Time to Take Advantage of Home Price Declines" from April, 2009....that was a good one. Look for that one to be recycled by CBP in April, 2011 after another 10% drop.
    Jan 18, 2011. 04:30 PM | 21 Likes Like |Link to Comment
  • When Will Housing Come Back? [View article]
    Are you guys saying there's a difference of some kind between the Bush and Obama administrations? They share an equal love expensive entitlements and wars.

    Both the Democrats and Republicans get the blame for where we are....and where we are headed.
    Mar 26, 2010. 08:54 AM | 21 Likes Like |Link to Comment
  • Ron Paul Has It Totally Backwards, Gold Isn't Going To Explode Higher [View article]
    Is Ron Paul wrong? Or just early....?
    Aug 16, 2013. 11:32 AM | 20 Likes Like |Link to Comment
  • The Economy Is Sliding Into a Stagflationary Spiral [View article]
    Obama is inept...no doubt. But don't put your faith in the Republican Party to save the day in 2012. Who's gonna make the tough choices? Romney? Pawlenty? Please....

    The spending cuts our fearless Republicans have proposed for next year's budget amount to a pathetic $30 billion. The Democrats and Republicans are molded from the same clay. They just pretend like they're not.

    The end game will be default by money printing. That's the easy way out. Our politicians ALWAYS take the easy way out.
    May 17, 2011. 03:00 PM | 19 Likes Like |Link to Comment
  • The Debt Ceiling Game of Chicken and the Markets [View article]
    No worries, Cullen. The Republicans will cave soon enough. They talk a big game when they're not in power, but they want the debt ceiling raised just as badly as the Democrats do.

    You'll get your $20 Trillion in total debt in just a few short years. The rest of us will get our $10 loaf of bread and $10 gallon of gas as thanks.
    Jul 25, 2011. 06:42 AM | 17 Likes Like |Link to Comment
  • The U.S. Economy: How Did We Get Here? Where Are We Headed? [View article]
    The jobs shift has been going on for a couple of decades now. We outsourced our low skilled work to countries with no environmental or labor laws. Lower classes are screwed.

    The 1% include doctors, salesmen, and entrepreneurs. They will feel some pain too.

    The 0.01% are the connected thieves, like Mitt Romney, who pay no taxes but continue to accumulate wealth, not through innovation or hard work, but through insider knowledge and influence.
    Apr 23, 2013. 10:43 AM | 16 Likes Like |Link to Comment
  • Gold Speculators Are Being Fed [View article]
    There is no doubt that the citizens of the decaying western economies are scrapping their gold and silver to survive. The difference between today and the early 80's is that the central governments and citizens of BRIC nations are now buying up those assets.

    This is a wealth transfer, not a bubble in precious metals.
    Apr 11, 2012. 06:55 AM | 16 Likes Like |Link to Comment
  • Fiscal cliff negotiations between Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell hit a major snag after Republicans demand use of the "chained CPI" method for calculating entitlement benefits - which would result in lower payments for Social Security beneficiaries. Pres. Obama backed the provision previously, but Democrats now object to including it as part of a scaled-down deal. Updated 5:51 p.m.: The Senate won't vote tonight and will reconvene at 11 a.m. tomorrow, Reid says. [View news story]
    I won't be old enough to retire in 20 years, but you want me to keep paying in to the SS and Medicare dogs in the meantime? The "Greatest Generation" and the boomers are absolutely killing the rest of us... and none of you care.
    Dec 30, 2012. 04:13 PM | 15 Likes Like |Link to Comment
  • Futures sharply higher as President hands Syria off to Congress [View news story]
    Kudos to the British and American peoples for their grass roots efforts to avert another mid-East war. This might be a watershed moment.

    Now maybe we can all make some money!
    Sep 2, 2013. 08:05 AM | 14 Likes Like |Link to Comment
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