H the K wrote:
On 10/11/09 10:45 AM, Canuck57 wrote:
CalifBill wrote:
"frederick" wrote in message
el...
"Canuck57" wrote in message
...
frederick wrote:
The debt/savings markets are now hopeless destroyed by government
and banks and wihout it there are no checks and balances. We are
in an economy that could pop any time, tomorrow or 5 years from
now. When it does, the Great Depression will look like a holdiday
as world trade ****s down on currency devaluations.

This isn't without precident, pre WW II Germany, recent Iceland,
Argentina, Brazil, Mexico and others have tried decades ago to
print their way out of debt and it didn't work. Only NA government
arrogance propels that it will for work for Canada and the USA.

Right on. It is also why the governemtn is doing it. While misguided,
they hope to have high inflation with low interest rates. It really
can't work that way witout some serious side effects in unemployment and
wealth loss, but it will not stop the fools from trying.


Fortunately, neither you nor Bilious Bill are in charge of anything and
never will be.

I am in charge of my own life. But to do so means to anticipate
government interferances. You can't productively fight government, just
learn to deal with it by anticipation. Take for example the lower than
market interest rates of today, virtually every recession/depression is
preceeded with a interest rate inversion. Government causes this
because of myopic greed, quite predicably too I might add.

Me, I sold off a lot of stock before September/October 2008. Bought
some back into the market too, for profit.

Personally, I love this market. When government screws up so bad and
upsets the market so much it means short term gains for the savvy while
others whine a lot. For the clueless, I thank them for voting lib-dim.