Comments on: The Foul Stench of Rotten Economic Theory http://dailyreckoning.com/the-foul-stench-of-rotten-economic-theory/ Entertaining Ideas on the Economy, Markets, Gold, Oil and Investing Strategies. Sat, 11 Feb 2012 03:39:16 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: charlie http://dailyreckoning.com/the-foul-stench-of-rotten-economic-theory/#comment-4144 charlie Thu, 02 Apr 2009 17:15:36 +0000 http://dailyreckoning.com/?p=14316#comment-4144 <I>They’ve only purchased a tiny $300,000,000,000.00 as of today</I> Not true. They've announced plans to purchase this amount but so far have only purchased a few billion. Eventually Mogambo will be correct about gold and silver. Even a broken clock is right twice a day. They’ve only purchased a tiny $300,000,000,000.00 as of today

Not true. They’ve announced plans to purchase this amount but so far have only purchased a few billion.

Eventually Mogambo will be correct about gold and silver. Even a broken clock is right twice a day.

]]> By: Jon King http://dailyreckoning.com/the-foul-stench-of-rotten-economic-theory/#comment-4133 Jon King Thu, 02 Apr 2009 15:46:22 +0000 http://dailyreckoning.com/?p=14316#comment-4133 I think oil is a good long term investment. It actually serves a purpose. Gold is done to death. Everyone is talking about it, everyone is trading it in at gold parties. Oil yes, gold no....just my opinion. I think oil is a good long term investment. It actually serves a purpose.

Gold is done to death. Everyone is talking about it, everyone is trading it in at gold parties.

Oil yes, gold no….just my opinion.

]]> By: PeaceSix http://dailyreckoning.com/the-foul-stench-of-rotten-economic-theory/#comment-4066 PeaceSix Thu, 02 Apr 2009 01:18:35 +0000 http://dailyreckoning.com/?p=14316#comment-4066 Everyone may be talking about Gold, but the numbers show that very few actually possess physical gold....maybe they own the ETF GLD or comex futures, or pool accounts....SUCKERS...good luck trying to take possession of the real deal with those OPPs (other peoples promises) Everyone may be talking about Gold, but the numbers show that very few actually possess physical gold….maybe they own the ETF GLD or comex futures, or pool accounts….SUCKERS…good luck trying to take possession of the real deal with those OPPs (other peoples promises)

]]> By: Mike Endres (Market Trend Trader) http://dailyreckoning.com/the-foul-stench-of-rotten-economic-theory/#comment-4063 Mike Endres (Market Trend Trader) Thu, 02 Apr 2009 00:54:22 +0000 http://dailyreckoning.com/?p=14316#comment-4063 Ah me! Such a conundrum (forgive me, Mo, I know that's the word you use for condom) we are in. Will be inflate? Will we deflate? Will unemployment get to 25%? 15%? Sorry, Mo, we don't know. If Professor Fekete's figures are right that it takes a huge number of dollars (funny is ok) to produce $1 of GDP then I will agree with you, Mo.. We are freaking doomed. They can print money all they want and they will be destroyed (asset value disappears) faster than the stupid Fed can buy billions and billions of T-Bills (fret not - they've only purchased a tiny $300,000,000,000.00 as of today.. So I bury cash in the back yard next to some gold and silver. The cash is marginal anyhow because you can invest it anywhere with any decent returns. I used a five dollar bill the other day to like a charcoal fire because it was cheaper than buying a can of fire starter.. There's something there in that action but I can't figure it quite out yet.. Ah me! Such a conundrum (forgive me, Mo, I know that’s the word you use for condom) we are in.

Will be inflate? Will we deflate? Will unemployment get to 25%? 15%? Sorry, Mo, we don’t know. If Professor Fekete’s figures are right that it takes a huge number of dollars (funny is ok) to produce $1 of GDP then I will agree with you, Mo..

We are freaking doomed. They can print money all they want and they will be destroyed (asset value disappears) faster than the stupid Fed can buy billions and billions of T-Bills (fret not – they’ve only purchased a tiny $300,000,000,000.00 as of today..

So I bury cash in the back yard next to some gold and silver. The cash is marginal anyhow because you can invest it anywhere with any decent returns.

I used a five dollar bill the other day to like a charcoal fire because it was cheaper than buying a can of fire starter.. There’s something there in that action but I can’t figure it quite out yet..

]]> By: Coy Ote http://dailyreckoning.com/the-foul-stench-of-rotten-economic-theory/#comment-4060 Coy Ote Thu, 02 Apr 2009 00:17:14 +0000 http://dailyreckoning.com/?p=14316#comment-4060 I appreciated your article, though it was at times sad (the personal--sorry) and at other times all too realistically tragic. As to J King's "That does not seem to be the recipe for a great investment." Where's the better one Jon? I appreciated your article, though it was at times sad (the personal–sorry) and at other times all too realistically tragic.

As to J King’s “That does not seem to be the recipe for a great investment.”

Where’s the better one Jon?

]]> By: Jon King http://dailyreckoning.com/the-foul-stench-of-rotten-economic-theory/#comment-4040 Jon King Wed, 01 Apr 2009 21:09:56 +0000 http://dailyreckoning.com/?p=14316#comment-4040 Every commercial on TV is about gold. Every housewife in the neighborhood is talking about gold. Every conversation at the dog park is about gold. Not sure where you hang out, but everyone I meet has been touting gold for over a year. That does not seem to be the recipe for a great investment. Every commercial on TV is about gold. Every housewife in the neighborhood is talking about gold. Every conversation at the dog park is about gold.

Not sure where you hang out, but everyone I meet has been touting gold for over a year. That does not seem to be the recipe for a great investment.

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