With a lot of people going on about "GREEN SHOTS" and a recovery in the financial industry, please read the following article by Karl Denninger which pretty much sums up the situation.If you can't be bothered to read it, please just take this advice - exit the stock market you're in, NOW. There's no point…Read more Required reading, and some other stuff
...read this, required reading for anyone interested in a) the economical collapse, b) their own strategies for the future and c) getting themselves fired up with righteous anger a little bit. Read Karl Denningers ticker from yesterday here.Hedge your positions, plan for the future. Be safe.
Mish Shedlock puts it to us quite nicely in his latest blogpost. "...the current generation now in high school is likely going to be the first generation in America's history with a lower standard of living than their parents for quite some time to come."Please have a read. Over in other areas the situation might…Read more Quite right
Buy and hold, the callsign for generations of investors who couldn't be bothered with the day-to-day trade of stocks, futures, bonds etc, is definitely not the thing anymore.Everyone, from Warren Buffett to my mother, is saying that this recession is going to last, last and last some more. This is what the ones I believe…Read more Down, down, down….
Today, Monday, Geithner of the US Treasury will put forth the "rescue plan" that will "save the US economy". Problem is, there really is no way to save the economy - not as such an economy as it has been for the past 20 years at least.This housing based credit bubble has been the largest…Read more Some stuff about the global economic crisis
... if China is really going to devalue their currency by 30-35%, the shit will hit the fan, and not in a good way. We could see all manners of odd behaviour - new tolls, trade wars, massive unemployment, the works. On one hand I just can't imagine what the world will look like in…Read more Dear me…
So, this weekend saw the leaders of the "free" world get together for some nice snacks, a great dinner and some fabulous wine to go with all that.At the same time the world was eagerly anticipating news from said gettogether, news that would right the wrongs of todays financial market, news that would point towards…Read more G-20 accomplishes…. not very much