Market Notes on earnings season starting off with Alcoa today. Wall Street figures are fantasy analysis of reality. Data points don't provide enough information. I zoom in on Alcoa with a long...
Market Notes on earnings season starting off with Alcoa today. Wall Street figures are fantasy analysis of reality. Data points don't provide enough information. I zoom in on Alcoa with a longer dated statistic, aluminum shipments. A post of the USD charts which everyone is watching. I provide support lines on the downside. A referral on where to find a good analysis of consumer credit news.
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Thanks for the reply. Yes, the GDP number is such a joke that it can't even be taken seriously any longer. As you're certainly aware, it now takes into account non-productive financial derivatives and the like into the nations production! Anybody who knows how big (and near death) the derivatives are, which are helping to artificially and temporarily prop up an already failed system, knows how ludicrous this is.
Anyway, keep up the great work and thank you for your service to us all. Best.
I've got two point to make for the inflationary side
1. They can't raise interest rates, because then the interest repayment on the national debt would far exceed tax revenue. ??
2. Plus a lower dollar is extremely inflationary because everything is imported into the US from abroad, thus a weaker dollar means higher costs at wall mart ???
As if to prove the point, the Congressional Business Office has announced that for the fiscal year ending on September 30, 2009, the budget deficit was $1.4 trillion, more than tripling the record 2008 deficit of $459 billion. There is absolutely no reason to believe that any steps will be taken to prevent the deficit from doubling or tripling again next year.
"Drill baby Drill" should have been taken more seriously... Thats why if you really want to take the future in your own hands get off the grid! And everyone wonders why GWB had us in IRAQ....It aint for WMDs thats for sure. OIL is the lifeblood. Dollar tanks we will all be dropping. I may have to buy some stocks in Schwinn and start a bike repair shop. Everyone needs to start learning to ride a motorcycle. It will be like Malaysia here, 3 per bike and a cart full of goods in a basket.
As everyone is mentioning. The US Govt and the FED don't do anything until the crisis is rolling over us, and then they do the wrong thing. The Abyss it may be.
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Many of us see whats coming to some degree and some are prepared for the knowable
It is the unknown consequences i fear. Then there are the masses, yet unaware of what we know. So few are ready!
Thank you for presenting this video.
Anyway, keep up the great work and thank you for your service to us all. Best.
I've got two point to make for the inflationary side
1. They can't raise interest rates, because then the interest repayment on the national debt would far exceed tax revenue. ??
2. Plus a lower dollar is extremely inflationary because everything is imported into the US from abroad, thus a weaker dollar means higher costs at wall mart ???
So what do you think OP wrong or right? Thanks
Count 2 Correct
Lets say the dollars weaken past 76 to 72.. We see dow 11,000 or 12,000 gas at $4.20 and things stop again....
We are smack in the middle of this no win crisis....