pockyclips 2020

Wall Street Breakfast: Must-Know News

A penny stock on the Dow? C could be up for the honors based on the pre-market.

The Irony of Defense Economics

No, the Bushes (Sr and Jr) know exactly what they're doing. Ref. "The Road to Serfdom". Political capital was used to hollow out the middle class. 9/11 allowed them to hurry up the timetable to bring us the new world order.

Without an American middle class, the rest of the world will have to develop their own.



On Nov 20 08:29 AM patio wrote:

> Bush has been an idiot, but it was primarily Dem policies that brought
> us to where we are. Plenty of blame across the board.

What Will the Baby Boomer Bust Mean for Equities?

Exactly my point. Printing money will produce a temporary bubble before the final meltdown. The guy buying a south sea island may have the best plan.
Or turn 65, rob a bank, and let the state care of you. Health care, housing and food. Who needs freedom?


On Nov 18 07:10 PM Did U Think The Ponzi Scheme Would Last? wrote:

> If Dow is 12k again in 4 years it will be due to hyperinflation.
> The Dow is going down 90% from its peak just like it did 1920-33.
> We had a greater bubble and there will be a greater depression.
> I am not talking short term this and that. I'm talking about a market
> bottom within 18 months of today followed by a 3-5 year depression
> for the economy. The Dow will take 2 decades to reach its old highs
> without adjusting for inflation just like it took until 1955 to occur
> after the crash of 29-33. History is repeating itself BEST case.
> Worst case, Dumb Ass Bernanke inflates the currency into Weimar 2.0
> and leads us into WW3.
>
>
> On Nov 18 09:16 AM pockyclips 2020 wrote:

What Will the Baby Boomer Bust Mean for Equities?

Mr Leaf blower and Ms Walmart checker aren't going to be buying stocks when the peak of the boomers hit retirement. If were lucky, we may get a Dow up to 12500 in the next 4 years.

General Electric: Genuine Risk of Collapse?

Sounds like the only thing that will save GE is World War 3!

Real Price of Gas Approaches a Historic Record-Low

Yeah! But my paycheck isn't inflation adjusted. And didn't we get a $150 billion
tax rebate less than 6 months ago that didn't do squat? More lipstick for this pig,
please.

Peak Oil's Bell Is Ringing

Our present oil situation reminds me of the earthquake in Indonesia a few years back. Instead of running for the hills, people were on the shore picking up fish and seashells. The tide is about ready to come in.

The Winners Will Be Those Who Look to Gold and Commodities

I already see signs that the American driver is returning to his old ways.
Just as $145/barrel was unsustainable, $60/barrel even more so. Oil and
gold will adjust upward accordingly.

Should We Really Bail Out the Big Three Automakers with $73.20 Per Hour Labor?

Sounds expensive, but let's crunch some numbers. I pay some guy $11.00/month to pick up my trash 4 times. It takes him about 45 secs to pick up my trash.

Let's see; $11/4 =$2.75 per pick up. x 60 min/hr = $165/hr. x 60/45 = $220 per hour. This guy is non-union and more likely than not an illegal alien, so the trash hauler is making a mint. $73/hr doesn't look so bad viewed in this context.

The Perversion of American Capitalism

I concur. The situation that exists today punishes savers and rewards spending, by both government and individuals. Bailouts only encourage this behavior.
Contributions to 401ks are decreasing rapidly, because there is less disposable income, and the middle class has come to realize they can never save enough for a comfortable retirement, so why try.

Put your faith in gold, guns, and gas.

Landsbanki Debt Settles at 1 Cent on the Dollar

Own Landsbanki? You just got shankied. I'm sure some of our regionals are in a similar situation.

The Shallowest Generation

Maybe we should have all become hippies, instead. I'm tired of taking the blame for the ills of this country. Defended it in the 70's & early '80s, went into electronics manufacturing, and I'm holding on for dear life. If I get 5 years retirement, I'll be lucky.

So We Find a Bottom - Then What?

Debtacid:

I've always felt shorting or betting on losers was equivalent to communism,
but i'm afraid your right. Following the Japanese example of priming the pump will probably lead to the same results. Having been born at the absolute peak of the baby boom does not leave me with a warm fuzzy feeling when it comes to stocks.

Wall Street Breakfast: Must-Know News

You don't have to go back quite that far. Taking us off the gold standard,
and stealing from the Social Security Trust Fund are the two major culprits
of our economic plight. Don't forget most of this debt was racked up during the past 25 years when alleged conservatives were in charge.

Taking us back to the whites only, country club mentality of the '50s won't accomplish squat.

Abundant Opportunities in Bear Markets

One only recovers from a bear attack if the bear doesn't take your arms or legs off, and your not too deep in the forest. Since our political and economic leaders are playing the short term gain game, investors should do likewise.