… is exactly where the market was back in March when the S&P 500 hit 666. Everyone thought the world was coming unhinged, and well it was and still is. However, not everything comes tumbling down instantly. With every play there are acts, and at some point the climax. Without the climax how can we [...]
20 Oct, 2008
Posted by: gauntlett In: Bailout|Debt|Federal Reserve|Finance|Freedom
It seems that the tune to march to these days is credit o credit we need more credit. Somehow somewhere we forgot quite quickly that credit got us into this mess. If credit is expanding much faster than real economic growth the outcome will be instability in the economy. That is like an individual taking [...]
25 Sep, 2008
Posted by: gauntlett In: Finance|United States Dollar
A picture is worth a trillion words… Frankly I’m not surprise to see what the Fed is doing and can only imagine what this is going to look like if this bailout goes through. There is a precedent throughout time that inflating the monetary supply only prolongs the inevitable. This is a sad state of affairs and I see [...]
I’m attempting to grapple everything going on apart from my disgust… and come up with a couple scenarios. Any help will be appreciated. Overall economic trend: – Economy is sliding deeper into a recession – Housing prices continue to fall – The dollar’s short-term value is undecided, and long term looking weak – Unemployment rising [...]
