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posted to soc.retirement,alt.california,misc.consumers,rec.sport.golf,rec.boats
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On May 22, 2:20*pm, "Speeders & Drunk Drivers are MURDERERS"
wrote: On May 20, 5:57*pm, wrote: On Wed, 20 May 2009 16:17:59 -0700 (PDT), Möbius Pretzel wrote: Jim Rogers - May 20, 2009 Where do you put your money? From CNBC: The stock market may hit new lows this year or the next as the current rally has been largely caused by the money printed by central banks and fundamental problems remain unsolved, legendary investor Jim Rogers told CNBC Wednesday. His views echo those of renowned bear Marc Faber, who told CNBC last week that the rises in share prices did not mean the world was embarking on a path of sustainable economic growth. "I'm not buying shares if that's what you mean. Not at all," Rogers told "Squawk Box Asia." "The bottom will probably come later this year, next year, who knows when," he added. http://revolutionarypolitics.com/?p=699 Our economy has non-reversible flaws. Naturally, the hucksters think McDonald's,Wal-Mart, etc., will restore our position in the world market. ted ps. Social conflicts will rise due to third-world * * *immigration and economic disaster. It's true the economy is a mess but they're "fixing" it by pumping trillions of $ into it and that will probably cause hyperinflation. And that means the stock market will RISE a little as the economy sinks a lot. *I don't think we'll see 2000 DOW even if we have unemployment at 30%.. That's the only way out of this mess: hyperinflate the economy so that a trillion dollar loss means nothing. Get ready for salaries in the millions and interest rates at sky-high levels as central banks try to "control" it while providing huge profits to the banks who caused the problem in the first place. In the end you and I and everyone else in the middle class will pay for all this crap, so get used to it. |