Comments on: The Great Deception http://dailyreckoning.com/the-great-deception/ Economic News, Markets Commentary, Gold, Oil and Investing Strategies. Sun, 27 May 2012 09:55:17 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Market Biz News http://dailyreckoning.com/the-great-deception/#comment-37376 Market Biz News Fri, 06 Nov 2009 16:05:58 +0000 http://dailyreckoning.com/?p=14438#comment-37376 The article seems to take both sides of the argument: i.e. the bulls will be disappointed and the bears will be disappointed. I was thinking you were doing a play on words with the great depression, which no one wants to talk about. No one wants to point out that unemployment numbers are actually false and doesn't include 2/3rds of the really unemployed, forget the permanently unemployed. This crisis started in 2000, not 2008 as the government would have us believe. The article seems to take both sides of the argument: i.e. the bulls will be disappointed and the bears will be disappointed. I was thinking you were doing a play on words with the great depression, which no one wants to talk about.

No one wants to point out that unemployment numbers are actually false and doesn’t include 2/3rds of the really unemployed, forget the permanently unemployed. This crisis started in 2000, not 2008 as the government would have us believe.

]]> By: DJS http://dailyreckoning.com/the-great-deception/#comment-4994 DJS Thu, 09 Apr 2009 21:59:50 +0000 http://dailyreckoning.com/?p=14438#comment-4994 Q. Isn't there a way out? Isn't there some magic the Fed can perform...some abracadabra, perhaps, from Tim Geithner? What if we get a lot of smart people together in a room, as Thomas Friedman suggests? Won't they be able to figure something out? A. Yes they already have. The Fed is setting up a refinance boom on depleted housing values to fuel the next spending boom (squeak). People with jobs and good credit will be able to extract equity from their home and repay it at ultra low interest rates. The well off score again. Q. Isn’t there a way out? Isn’t there some magic the Fed can perform…some abracadabra, perhaps, from Tim Geithner? What if we get a lot of smart people together in a room, as Thomas Friedman suggests? Won’t they be able to figure something out?

A. Yes they already have. The Fed is setting up a refinance boom on depleted housing values to fuel the next spending boom (squeak). People with jobs and good credit will be able to extract equity from their home and repay it at ultra low interest rates. The well off score again.

]]> By: JMR ManDribble http://dailyreckoning.com/the-great-deception/#comment-4987 JMR ManDribble Thu, 09 Apr 2009 19:53:22 +0000 http://dailyreckoning.com/?p=14438#comment-4987 Mr King: And so what if I clutch my coins like a racoon in a Red Fern trap? So what if some folks watch their stocks vaporize into oblivion? So what if a fool thinks an ETF price and spot prices are even close to the price of physical FEEEVER!!! I hedge with equities. You hedge with gold. So what? The formula is the same... sell one on rallies, buy the other on dips: Margins are BAAAD because the next bubble seems like a Trouble Bubble. Mr King: And so what if I clutch my coins like a racoon in a Red Fern trap? So what if some folks watch their stocks vaporize into oblivion? So what if a fool thinks an ETF price and spot prices are even close to the price of physical FEEEVER!!!

I hedge with equities. You hedge with gold. So what? The formula is the same… sell one on rallies, buy the other on dips: Margins are BAAAD because the next bubble seems like a Trouble Bubble.

]]> By: Jon King http://dailyreckoning.com/the-great-deception/#comment-4961 Jon King Thu, 09 Apr 2009 15:08:48 +0000 http://dailyreckoning.com/?p=14438#comment-4961 You truly have no clue. I could see the Bush policies were doomed in June 2007 and got out of the market at 13800. Then I waited for the big correction and got back in at 6650. Will the market go down to 5000? Maybe. But so what? In 10 years and 20 years I will have a lot higher return than the doomers. The entire purpose of being right that the market was too high at 14000 is not being scared to get back in when it drops 50%. Worrying that the market may drop to 5000 before this mess is over is worthless and meaningless in the long term. Gold is a fools play. Every single person in the US is throwing gold parties and talking about gold. Once again, who cares what it does in the next few years?? It has no purpose and gold bugs always hold too long. They buy at $300 30 years ago, watch it go to $700, then hold while it goes back to $300. They will do it again, buy at $900, watch it go to $2000, then watch it come back to $700. In the end...so what?? Mr. Bonner, your advice continues to stick on ice. You truly have no clue. I could see the Bush policies were doomed in June 2007 and got out of the market at 13800. Then I waited for the big correction and got back in at 6650.

Will the market go down to 5000? Maybe. But so what? In 10 years and 20 years I will have a lot higher return than the doomers. The entire purpose of being right that the market was too high at 14000 is not being scared to get back in when it drops 50%.

Worrying that the market may drop to 5000 before this mess is over is worthless and meaningless in the long term.

Gold is a fools play. Every single person in the US is throwing gold parties and talking about gold. Once again, who cares what it does in the next few years?? It has no purpose and gold bugs always hold too long. They buy at $300 30 years ago, watch it go to $700, then hold while it goes back to $300. They will do it again, buy at $900, watch it go to $2000, then watch it come back to $700. In the end…so what??

Mr. Bonner, your advice continues to stick on ice.

]]> By: lainvestorgirl http://dailyreckoning.com/the-great-deception/#comment-4922 lainvestorgirl Thu, 09 Apr 2009 07:02:41 +0000 http://dailyreckoning.com/?p=14438#comment-4922 Wow, a family member who works for Remax in LA's San Fernando Valley told me tonight that two agents in her office, fairly young in their early forties, died this past month over stress regarding debts and dwindling sales commissions. One had just lost his house a month ago, and had bought a Mercedes Benz and a bunch of other stuff during the boom times, and now was broke, without a house, and living in an apartment with his wife and four kids. Wow, a family member who works for Remax in LA’s San Fernando Valley told me tonight that two agents in her office, fairly young in their early forties, died this past month over stress regarding debts and dwindling sales commissions. One had just lost his house a month ago, and had bought a Mercedes Benz and a bunch of other stuff during the boom times, and now was broke, without a house, and living in an apartment with his wife and four kids.

]]> By: Bernardo http://dailyreckoning.com/the-great-deception/#comment-4903 Bernardo Thu, 09 Apr 2009 04:22:53 +0000 http://dailyreckoning.com/?p=14438#comment-4903 It´s the Boiling Frog Paradox!! It´s the Boiling Frog Paradox!!

]]> By: Nun http://dailyreckoning.com/the-great-deception/#comment-4867 Nun Wed, 08 Apr 2009 21:05:43 +0000 http://dailyreckoning.com/?p=14438#comment-4867 There's been low volume in the past 6 months, relatively speaking. When that happens prices can move quickly. Right now 2008 contributions to IRAs are coming in, and most likely the rally will end after the tax deadline next week. There’s been low volume in the past 6 months, relatively speaking. When that happens prices can move quickly. Right now 2008 contributions to IRAs are coming in, and most likely the rally will end after the tax deadline next week.

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