Thursday, May 19, 2011

STAGFLATION !!!!! BREAKING NEWS update

Stop calling it inflation. Big difference. After hearing the one hundredth "expert" refer to our current economic condition as inflation, I had to throw out a thread on just where we are in this cycle. This is NOT inflation. Unless you somehow can convince me that assets are now expanding in price with the velocity of money now growing exponentially. Unemployment is still in the tank. None of our structural impediments are being addressed by our politicians OR the real power that rules all. In fact the "true power" continues to shift their manufacturing base to developing countries, draining the life blood from this countries stable employment base.

Structural educational failures continue to serve as an anchor to any future growth that we might see in technology and a competitive work force in a rapidly expanding developing nation skilled work force. Our ability to produce competitive workers in a dynamic world is in danger of dropping into the abyss. I do NOT see us grasping the magnitude of this problem. I think we will continue to sit at the table of stupidity looking at problems in education such as the cost of college and the debt that has become an impediment to some of our most talented middle class families, and wondering HOW we got here. This problem requires action now. The remedy is going to take years to innact and we need to get started now before we fall behind even further. Did you ever imagine that your country would reach the point that it "Applauded" 56 thousand McDonalds jobs as if this were and "Accomplishment". These are the jobs of a failed state. If these had been 56 thousand high tech or manufacturing jobs then perhaps we could have cheered.....but to actually HEADLINE these jobs??? How long are these Putz's going to whistle past this graveyard????

Today's market news.... continued PM trading range with short term trading the order of the day. Silver should push to 39 in this swing over the next two weeks.....it might see 32 first but then that should cover my ass. You should have at least 50% cash here and not be too quick to try and trade your core. I think the miners are close to a bottom but by the time the beat the trader's brains in, it will seem like they have fallen another 50%.... SSRI GPL SLW EGO ANV GFI EXK PSLV ......thats the game gl

BREAKING NEWS..... GDII news has learned from Fed insiders that QE2 is to be followed by a new program that will go by QEi QE to Infinity.....

37 comments:

  1. missed the LLEN buy "by that much"...rats

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  2. your still good on llen...the 24th is investor conference...

    GENE is making moves on light volume last 2 days

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  3. Kli,
    Perfect commentary on the Education process man you are so on point! Between setting up my second rug rat with college and just finishing a contentious debate regarding my villages school budget I'm burnt....... Sitting at the table of Stupid! hehehehe if you only knew!!

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  4. Phil wants his regular readers to spread the word about the scam going on in oil.
    So, here you go, hopefully this link will work.

    http://www.philstockworld.com/2011/05/19/thursday-thought-dont-tax-oil-companies-nationalize-them/

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  5. Saw today that Paulson has a huge position in gfi, looking to buy...gl everyone.

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  6. I was wondering why we're in Afghanistan...LOL. Got physical?

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  7. or sis......50million Americans on FOOD STAMPS.....50million!!

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  8. The money today was made in LNKD!

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  9. Crazy money..who bought at 120?

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  10. Careful on GPL below 2.90...

    the floor is 2.35

    Some S at 2.87 and 2.84....

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  11. ponzi money at 120 all to paint a picture

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  12. Sean,

    The real question is who bought at 88?

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  13. gotta get that CONfidence up......"velocity of money"

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  14. No CNBC comments on the lousy Philly Fed.. the depression is still here....

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  15. Lnkd - Wow sure must be nice to be a memeber of the club!

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  16. Sheep's did it ever leave?

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  17. Whoever was calling for LDK in the 6's may not have long to wait, looks like a death march down every day now...

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  18. No, Tom, I do not think the depresson ever left. In fact they been fighting this depresson for at least 10 years it was hidden by easy credit for a long time.

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  19. randall,

    Waiting for 5 or lower on LDK, heheeeeee!

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  20. "Lnkd - Wow sure must be nice to be a memeber of the club! "

    And for the rest of folks outside of the club, there is just no love in the heart of the city, heheeeeeeee!

    http://www.youtube.com/watch?v=Gs89vby0k_c

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  21. Sheep's,
    Likewise, but fighting it.... ha! they've set up for the past 30 years. We were just dumb enough to go along....

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  22. PURE has volume up the ying yang...could be scalp into close..

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  23. This comment has been removed by the author.

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  24. and the chop shop trade continues....make money at it or just slowly accumulate on weakness....either way is fine

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  25. no go on pure...watching scei...share buyback starts tomm...

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  26. What's the play on LNKD? When do we start shorting this overpriced pig?

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  27. careful bud.....look at netflix......they can become very dangerous to short.....

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  28. Sure Kli, the algos can do whatever they want here. At least with NFLX, we know about the business model. LNKD seems purely based on hype and too much cheap money lying around

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  29. http://www.zerohedge.com/article/45-minutes-go-and-nyse-volume-lowest-year?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29

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  30. random thought on a slow day....

    wouldn't a great business be one that sold silver bullets? Kind of kills two birds with one stone.

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  31. Demand would push silver prices through the roof

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  32. Let's see if I can simplify.

    Increase in money and credit is inflation.
    Decrease in money and credit is deflation.

    Increase in prices is a SYMPTOM of inflation, NOT the cause. Prices can rise or drop for various reasons.

    A decrease in prices is a SYMPTOM of deflation, NOT the cause. Prices can rise or drop for various reasons.

    No freaking wonder 99% of the people out there are confused and have no clue about economics.

    Money and credit either grows, or it shrinks, PERIOD. NOTHING MORE.

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  33. Another item that's related to the above and will clarify before anyone cracks the question. The authorities can create money and credit, but they do not dictate where the money goes or if it goes anywhere at all. That part of the equation is called social mood. That piece cannot be controlled by anything.

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  34. The only thing the authorities can create is problems. They take from those who have acted prudently (lived within their means and accumulated some net worth) and give to those who haven't (including the large financial institutions).

    Fiat currency is the means by which they do this thru stagflation. Based on what I was receiving for my savings in 2005-2007 (assuming that was a reasonable rate of return) they take several hundred fiat dollars from me each month with their zero rates. If zero rates with inflation in the basics of surviving is not stagflation -- then I do not know what is.

    It is not that complex - Kli did an excellent job of explaining what is going on.

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  35. 50 Million out of 330 Million on food stamps--unreal! But there's no depression...just in NY and for the first time ever heard fear about job loss in the public sector...thar she blows! In the meantime, one R. Goodell sat in front of me in church...

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  36. Joe,
    Nice Tune :)

    "The only thing the authorities can create is problems." hehehe Priceless.....

    Sis,
    Hope you enjoyed your time here in Da Big Apple!! but please don't shed a tear for the public sector up here! Their Unions along with our Esteemed Politicians have been sheering us sheep for quite some time. As I see it they should cull the herd by about 30% and have the rest take a 50% decrease in pay and get um to work a real 50 hour work week!! Now that's what I'm talking about......

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