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Guest Post: Super Complacency Means Printing Will Commence Post-Election
Submitted by Vincent Lanci of FMX Connect
Super Complacency Means Printing Will Commence Post-Election
We believe that the Super Commitee’s lack of action portends for inaction by our government until the 2012 election is concluded. We also believe, that no matter who wins the printing presses are gearing up.
Super Duper Committee Needed
The United States is in a morass of political indecision that is hampering our ability to let the right idea bubble to the surface. Yesterday’s failure of the much vaunted SuperCommittee to do anything, a structure empowered to do what is needed to solve the deadlock, has underlined the effect of political indecision as the primary driver behind why we are where we are today. As crazy and inappropriate as it was to downgrade the U.S. partially on the basis of political gridlock…. It was true.
Hippies with Brains
Those “Occupy” people out there are right; it is the politicians themselves and the prioritizing of their job retention over their responsibility to their constituents that is preventing the right decision to be made. We do not claim to know what the right decision is, but we do expect them to know. All we can do is offer a decision tree to readers of what we think will happen and why it will occur in this fashion.
What Happens Next
There are two scenarios we are looking at though a political prism. Our conclusions are digital. First of all and of major importance , we believe it is in the GOPs interest to have the economy be in its worst shape possible going into the election. It is their method to be the party of no to Obama’s ideas. And it is their method to be the party of “tax cuts” to actual suggestions. This is essentially what came out of the Super Committee. The GOP wanted tax cuts, the Dems did not. Thus deadlock continues.
Therefore nothing will happen until post election. And post election, the dollar will get decimated. Post election will create an environment wherein risk assets rise again. There will be Good Inflation (Stocks, Stocks, and more Stocks) and bad inflation (oil, gold and grains). Wall Street wins as fees from the never ending asset ping pong makes investors migrate their holdings from one class to another. Remember those Golden Crumbs that fall off the bonds when they are sold, from Bonfire of the Vanities?
The FMX Economic-Politic Answer Key for 2012
From the above you can see, it is not in the GOP’s best interest to agree to anything that doesn’t include their most cherished ideal: a reduction in Taxes. It enhances their chance of victory in 2012. It is not in the Dem’s interest to agree to Tax Cuts on principle and as a de-motivator for its voting base.
Nothing will get done. We will continue to kick the can up an increasingly taller hill, is a Sisyphean effort to fix the problem. Meanwhile the Europeans are playing shell games with their own debt. And it is this which jeopardizes our decision tree analysis and the conclusion to buy ‘risk on” assets as we come closer to election time.
Europe as Spoil Sport
Right now, European situation can be described as Germany (Printing, NEIN!), versus the rest of Europe (Printing OUI!). Currently the deflationary/sovereign issues plaguing the Euro have given Bernanke an opportunity to open a window to print more Dollars as the Fed lends to Euro banks. So while Euroland fights it out, Ben takes the opportunity to get ahead in the currency race to the bottom.
It would seem based on the fight, that the answer is print or not print. We think Germany is playing brinksmanship and will print. But we are concerned with a scenario talked about but not given enough attention; the removal of countries from the Euro. Every country that leaves the Euro is deflationary. The bigger the economy expelled, the stronger the Euro gets. This happens while simultaneously the country expelled experiences inflation or even hyperinflation on the Scale that Argentina experienced 12 years ago. So because of a redrawing of nationalistic boundaries, Germany cannot sell anything to its weaker sisters, due to a combination of its own currencies strength, and the expelled country’s lack of purchasing power due to rampant currency debasement.
This nightmare messes up our pretty little decision tree, but it is possible. The U.S. would be dragged into a global deflationary spiral, where more and more money is printed, but less and less is spent.
You would see ever tighter economic ties between Russia and Germany, and the U.K with the U.S. as the Asia becomes a wild card of domestic issues.
We’re buying physical assets on dips and selling stocks on rallies, essentially the Rogers position at levels far worse than his, but we believe having a long way to go. Gold is among those assets.
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Biggs as contrarian indicator: go long now!
Barton Biggs, the hedge fund manager who bought stocks when the market bottomed in 2009, cut bullish bets on equities amid concern the odds of recession have increased. Biggs said the chance of a recession during the first half of 2012 has risen to between 60 percent and 70 percent. (Source: Bloomberg)
Those dickwads are going to take turns finger-pointing at each other while the world burns. They just couldn't figure out how to steal just a little less of our money.
The assholes running this country (Republicans, Democrats, it’s all the same, really) have absolutely no qualms spending trillions of other people’s money. They’re not just spending our money, they’re bankrupting our children and our children’s children by consigning them to loans insuring that they will live in debt slavery from the cradle to the grave. The politicians don’t care, they’ll be long gone by then and their children and children’s children will be sitting pretty on the wealth that their parents and grandparents are stealing from you right now.
Let’s do a little game, and figure out how much of our money that they waste. Based on 112 million taxpayers, here’s some of their favorite ways to waste the money they steal from you:
http://www.singledudetravel.com/2011/11/american-scamocracy/
Fractional Reserve Bankster University has decided to add a mandatory course for all incoming freshman, seeking to tie economics and existential philosophy together.
The course is entitled:
If the market keeps on like this, they won't make it to the 2012 election. The Republicans won't hold out, because they know they are not going to win. They cannot stand stock market pain. Printing to commence in 2Q 2012. All hail Obama.
the Republicans will win ...but it won't make a jot of difference
the voting system is a sham, the politicians are a sham, the Partys are a sham and the US Govt is a sham.. you'll get no change out of that rotten fruitcake machine
the only vote worth casting, the only political policy you can action, is to stop paying your taxes
Govt budget cut immediate. Tax cut immediate. Democracy immediate. Satisfaction Priceless
Point of contention:
Since 1970 the average marginal rate has dropped dramatically, and yet the individual receipts to the Government show a nearly flat rate. THERE IS NO CORRELATION AT ALL!!!
So the author's assertion that the GOP would need to print to cover lost revenue is not supported by the realities of recent history.
http://www.heritage.org/BudgetChartbook/current-tax-receipts
http://www.heritage.org/BudgetChartbook/income-tax-receipts
I believe they will make a deal.
You have to connect the dots.
1) Drive market down on poor news.
2) Buy the market.
3) Announce "surprise" deal. Cash out on the pop.
4) Immunity from inside trading -- and a great year end bonus for our two-headed government.
Too many dicks on the dancefloor.
really well said, they have no skin in the game and no real negative consequences for their actions. I am seriously wondering if I am nuts to have been expecting a violent re-pricing of Everything........you reall can't mess with Mother Nature indefinitely. World-wide MF scenarios playing out everywhere.
You're alright.
No opium unless the junkies vote for it
Printing will be a diaster. It will do nothing except maybe rise commodities or household cost and will not create jobs or raise real incomes.......the next step is revolution and the election of the next Hitler.
Hitlery Cliton?
Perhaps in their total confusion the Republicans turn to ........ David Howell Petraeus.
Laffer curve, anyone hear of it?
everybody except Vincent Lanci, whoever the F that is.
What do you mean the "Super Committees lack of action" ????
Peloski-Trotski et al donned capes and spandex tights and called themselves "Super"
Is a costume change and 'slightly' over-leveraging the English language (by a Fed junk factor of 50:1) to describe their super inflated egos of their committee compared to their total in-capacity to perform not enough action for you guys!
a costume change and branding themselves "Super" ...that's hard work for a politician
Apparently Fancy Dress Rental Inc Corp DC., is not taking Peloski-Trotskis SuperWoman costume back ...she's dribbled "I'm going to save $4 Trillion" down the spandex and its not possible to dry-clean concentrated bullshit off
Please, could you call our EU Committees "Super", too?
Yanks get all the hottest toys and all the SuperHeros - and look how drab our leaders are... :-(
At least Berlusconi was well dressed and had hot company...
Berlusconi is the last piece of talent (ok talent spotter!) in Brussels... it's all dreary bankrupts from Goldman Sucks "top brained" staff from now doing "Gods Work" plundering nation States
'The Lord Works in Mysterious Ways'... Lloyd Blankfeins 'fuk-em-over' methology is anything but a mystery
..fleecing markets, clients, pension funds, sovereign funds and now whole countries
got to keep Sucks tanking turnover and profits up somehow.. asset stripping here we come... much Gold in Italy?
You Euros do not need committees of any kind. You are wise enough to let GS hand-pick your "leaders".
Yeah, good thing they don't do that in the US.
Yeah, JP Morgan cornered that side of the Pond
This may well be the worst written, worst thought out piece I have yet to read on 0 hedge.
One final comment regarding this statement, "we believe it is in the GOPs interest to have the economy be in its worst shape possible going into the election."
DO NOT BLAME THE GOP FOR THIS ECONOMY, YOUR FUCKING PARTY RAN BOTH HOUSES OF CONGRESS AND THE WHITE HOUSE FOR 2 YEARS AND DEBT INCREASED BY 41% AND NOTHING POSITIVE WAS DONE.
Two wings of the same bird, don't get it twisted. Don't listen to what they say, look how they vote lock step.
Just think how scary it would all be if they actually voted as they spoke... then unspoke... then respoke... then deny they ever said a word. Eraser sales would save the economy.
WRONG.
The false left/right paradigm is usually misunderstood. The point is not that there aren't philosophical differences, there are, and they often manifest in policy. The point is that the system is controlled, so the outcome is predictable. The point is that democrats and republicans will not 'save us' or even consistently act in our interests. That doesn't mean you shouldn't vote out of self-protection, nor does it mean that it doesn't matter if you vote for left or right.
Saying that there is no meaningful difference between the parties is right only in the end, when things fall apart: neither will prevent that, so we ought not invest our emotional energy in their game (with odd exceptions such as the Pauls). A clinical eye should be used to determine which people will do the least damage to your family. On the way to the end, the leftists will be busy fondling your genitals everywhere, forcing you to spend an average of $30000 on home improvements before you are allowed to sell your house (after government inspection by inspectors populating a brand new bureaucracy in every town of any size), forcing you to support ever-increasing levels of debt to support their army of supporters, teaching 5 year olds sex ed, beefing up their armies of looters and leeches, etc. All things they do or tried to do, not to mention Obama'care'. And remember it was Obama that lied and said our military is desperate for an internal police force just as large and powerful as our regular military. All of his fucknut supporters think that's just dandy, and three years later we have TSA agents stopping cars on the highway, while the border lies wide open, the fence abandoned. Want millions more poor, unskilled, non-English-speaking people here? You know how they vote, so you know who will keep the spigots open.
The incorrect understanding of the false left/right paradigm is a tool leftists use to excuse the fact that few people actually like sociopathic control freaks. There's a reason Ron Paul is not a democrat - almost to a man, the democrats disagree with him on everything.
No I'm not wrong! Your watching pandering, theatrics and skillfull manipulation of public opinion, IT IS ALL A GAME IF BOTH SIDES VOTE THE SAME WAY AT THE END OF THE DAY.
Go look up who voted to reinstate the Patriot Act after there were Congressman and Senators swearing up and down to kill the sunset clause, and they voted it back up.
They are highly paid public actors, the Stupid Commitee is proof that you can deadlock Dems and Repubs because they probably agreed that it's better to do nothing than do something not popular at this point like, cut spending budgets. Cutting budgets dosen't get you election votes. I have worked on 2 Election Campaigns and you hear the back stage coaching and prep secrets, it's all Bullshit, but it get's votes.
I agree, Idology may play a role in the public perception side of the fence, but not in the professional politics arena, example, Rick Perry used to be a Democrat not too long ago, hell.. Ronald Regan was a Democrat at one time. Repubs flip to Dem and vice versa, I have never flipped my affiliation.. ever, I just stopped voting. They don't care what team they are representing as long as the bigger picture agenda is met and the popular votes come flooding in.
Here are our 2 options.
1. Print
2. Go to war, or both in that order.
When TPTB are out of Ideas, they take you to war, true story.
I agree it doesn't make much sense, but there have been worse articles. Just my opinion.
For my money, the Reagan nutjobs got things going (Gucci Gulch), the Pinstripe Democrats under Clinton made it infinitely worse (Rubin, Summers et al--traitors working for Goldman), and it's just gone down the tubes exponentially since.
Just take a Dow chart, put in on a linear scale (not logarithmic) and LOOK at it. Pretty obvious. One kink early 80s, another mid 90s, then...heart attack city.
These assholes on both 'parties' broke the damn thing. The thing we call capitalism, the thing that keeps us alive.
Neither Eisenhower nor Truman would have countenanced such treason and economic suicide.
Both of the treasonous parties take their orders from the Owners. If they are instructed to fall on their swords before the election to assist the Owners, they will. This Republican / Democrat theatre is just so much distraction bullshit. Everyone should wake up that it is just a diversion to destroy what remains of the Republic. I am not a dyed in the wool libertarian, but Ron Paul is the only one who the Owners don't have their collective fist up his ass. But they would kill him before they would allow him to be elected.
http://www.distressedvolatility.com/2009/07/dow-chart-dating-back-to-192...
Like the first chart on this blog post. See the change in trend? And the other change in trend? The rules were being thrown out, the losses socialized, the gains oligarchilized, the whole shooting match sociopathicialized.
It's all in the market...blowup and haywire. Death by bipartisan corruption.
"It is their method to be the party of no to Obama’s ideas."
WTF?!
What ideas would those be? Perpetuate GW Bush's policies, both foreign and domestic? Raise spending to new heights of absurdity? Run the most openly corrupt, corporatist pig slop trough feed ever?
The guy has NO ideas. The guy has NO clue. Ideas? This author is out of his fucking mind.
every time i hear a partisan attack on this site it makes me woefully pessimistic. i would think that the readers here are smart enough to see some fundemental truths about who our illustrious 'representatives' represent.
Sounds like you need to drink more. ;-)
Whoa, caps much?
And I agree with the author's point. And he wasn't saying it to defend Obama/Dems. He was saying it as this is the obvious path to political greatness for the GOP (and it is!).
If the economy does well, Obama is in and by a landslide. If it sucks, then it's a 50/50 race, even if he ran against Lucifer. Look at what happened to Bush v Clinton in 1992 - Bush lied and raised taxes b/c the economy, like now, was in the shitter. He went on to lose the race. The GOP strategists took notice.
That's the problem with politics and politicans today: their strategies are based around helping themselves stay elected, but not helping people. But I don't blame the strategists and hte pols who listen to them, because the strategists are paid to win elections, not write policy. And of course, nevermidn the stakes involved with corporate lobbyists who hang on to their precious welfare.
It's the system, stupid.
MFL, I thought the same thing.
Then lets just put it this way: the GOP doesn't want Obama buying votes with expensive, temporary make-work jobs.
That's a helluva "Faithful Party Loyalist" button on your chest, there. I hear those things are bad for your blood pressure, especially when pressed by an enemy "Faithful Party Loyalist."
Meanwhile, the elites score another victory in the divide and conquer game called, "Let's you and him fight!"
Ballot box, or battle box? So, just what is it that you're voting for, again?
Ink
Paper
Bullish.
Ron Paul
'On the Super Committee'
http://paul.house.gov/index.php?option=com_content&view=article&id=1928:...
RON PAUL / KYLE BASS 2012 !
Stop Paying Your Taxes ...1,000x more effective than voting..
...you get to stop sponsoring illegal wars, corruption and Barny Frank and keep your Tax... Bingo! ..it's a Win-Win-Win
Zero Tax = Zero Govt
I draw mine out no. Always file for extension, which means I have to file the Fed taxes in mid-October. I have ZERO withheld from my checks for the Feds and will always owe them some money. When I send in my return in October, I never send the money due - wait for them to bill me, and then place it on one of their payment plans. Rinse and repeat. Hoepfully those fucks won't be around come 2013 and I can stop the game. If not, the next step will be to stop filing all together. Fuck the consequnces.
Can a group of elites fuck up anything more than they already have? I swear, if a group of retarded third-graders were running things, how could it be worse?
Print fellas, print - it's your only option now.
http://vegasxau.blogspot.com
Will we make it to the election?
Bloomberg: Congress Will Undo Defense Cuts, Sessions Says
The Dems won this round: the sequestration automatic cuts is their target deal. Nothing like this comes without a price: Obama has been sacrificed. Obama will need to enforce these automatic cuts, which makes him look odious to the average citizen. No Obama next election.
And no automatic cuts. Do you really think there was a winner here, other than the banks?
Exactly right. Turns out the immediate cuts would not transpire until 2013. http://www.tfmetalsreport.com/blog/2978/absolute-farce
Automatic cuts?!?!?!?!?
LOLOLOLOLOLOLOLOLOL!!!!!
I guess there will be no tinkering with the automatic freaking cuts. I can just hear politicians now: "The machine did it. My hands were tied"
Actually I can't hear it, because it is never going to happen.
*reminds Rex about lifetime Congressional pensions*
Good point.
It will get REALLY fun to watch as the establishment begins to eat itself. Nom, nom.
Uroboros, FTW.
The US justs needs to be more like Europe........
I don't think the problems can be postponed until November 2012. Europe is falling apart. I think the likely scenario is the Fed announcing QE3, with LSAP consisting of EU sovereign debt (as well as US TSY). As Jeffries has alluded to today, the Fed might resort to firing up the printing presses and "saving" Europe because if Europe falls, so too will the US economy.
The other scenario is the Germans cave and allow the ECB to print which leads to a stronger dollar, thus forcing the Bernank to devalue the USD.
I think Dec 2011 or Jan 2012 is the likely date that further QE commences.
Huh, you want Ben to print .. Euros?
I can't wait until the ECB borrows in Renminbi.
Ought'a be a real hoot!
Um...no. Ben will print dollars and use those dollars to buy EU sovereign debt.
It doesn't matter what the freaking Germans do. If they won't print, we will and we'll send them the g-ddamed bill. We're just giving them enough time to do the right thing.
Lots'uv control going to morons. Could all go thud with pitchforks & torches. ameriCON'd hardly having LT patience with blatant theft. pig men at the trough may get skewered and burnt bacon from coast to roast.
Bernanke's interpretation of Descartes: "I print therefore I am"
We need to start a holiday called "Hang a politician by the balls Day", where we hang them upside down outside shopping malls. We will bring our dogs and teach them to pee on their faces and then teach our kids to throw rotten cabbage and dog poop at them!
Just woke up after St. Paddie's eh?
(you didn't miss anything)
I am sorry your wife is 300 pounds and her snatch smells like the a fish factory that even my dog would barf next too, so please project your attempt at humor elsewhere!
I grew up with 'Luck O' the Irish' toilet paper in the bathroom so don't worry it's all good.
I like the goober committee as it has all politico being defined as drooling vegetables. Brain dead to representative government. Prices of pitchforks & torches still going through the roof.
Damn, and I only have one pitchfork!
Muddy waters research report out on FMCN!! SHORT SHORT SHORT!
this article was not very good. things can change a lot in one year, beyond either party's control.
I don’t think I’ve ever seen more Dem talking points on this site. By the way, what makes you think Obama has any ideas, let alone good ones, for the GOP to oppose?
"The GOP wanted tax cuts, the Dems did not. Thus deadlock continues"..this is wrong..so wrong...
How about the Republicans wanted CUTS in Spending...the Democrats did not.....
If you give them more revenue..they will spend more...show me Obamas programs that do not COST anything....not a one..they are all new programs that will cost money...printed money...US Debt money....lets cut spending and not just the rate of increases....actually cut spending....never gonna happen though....until it has too...where are our Bond Vigalantes
qualify please- show me a democrat that doesnt want to spend on unfundable entitlements. show me a republican that doesnt want to spend on war and 'defense'. we are screwed, there ain't no shovel that can fill in this hole
Ron Paul (R-TX). Although he does believe in a strong defense capability, but no spending on unnecessary and undeclared wars.
I agree this is a fairly vacuous piece. If a Republican wins the election, Bernanke is history. This means John Taylor or someone else will be Fed Chairman in January 2014, one year after the new President is swornn in. Signals will be sent long before that. The new Fed CHairman wwill almost certainly be less dovish than Bernanke, and Yellen will be out as Vice Chair and so on. Bottom line is the Dollar will rise. As nearly everything else has fairly high correlation to dollar you can draw your own conclusions what that means. But printing more currency is unlikely to be the outcome.
Well they all say they want a "strong dollar"!
bernanke dovish...that is a load of crap....bernanke CANT PRINT AT WILL LIKE HE DID WITH QE1..........the next round of QE will be the last because it will push inflation to the moon......
finally the hyperinflationistas are waking up to the fact that the central banks are playing it alot more conservative than they anticipated. sell what you have now, pile into cash, this is only the beginning.............
What about the third possibility under 'Elections' - Ron Paul wins. What then? End the Fed, ftw.
And gold breaks 1680 USD.. Horrible price action in gold.
thats what happens to commodities when the lifeblood of the world stops flowing
fwiw dept:
A look at the 'Gibson's Paradox and Gold', @ Richter Report [larry summers white paper]
http://www.therichterreport.com/content.php?id=328&menu_id=1&menu_item_id=0
that's "paper gold" price!! aint nobody selling their physical gold. Hell, this is a good time to DCA in to cheaper PMs
I would agree that the November elections are a pipe dream if we can actually make it that far. Neither side won jack with this Super Committee and the "automatic" cuts are anything but. Our legislators have an entire year to water them down as they affect their pet project and besides, the bush tax cuts expiring will be a rally cry for Republicans afraid of pissing off their base.
Explain to me how 12 supposidly intelligent people cannot find 120 billion dollars a year to cut in a 3.7 trillion dollar budget? We are talking 3% which is less than inflation!
All of this is smoke and mirrors to detract from the race to the bottom. 15 trillion and counting boys and girls and that's just the amount that we are admitting to (nudge, nudge, wink, wink).
If you aren't prepared to provide for yours, you're among the sheeple who will be left wondering what happened.
People thought this committee would do anything other than maintain the status quo?
I got a big bellylaugh from todays' Bloomberg headline that stocks are tanking because the super committee didn't make minisule budget cuts over the next 10 years. I guess this is the cover story to keep everyone from noticing the real story, which is that Timmay & the Bernake are about to print to "save Europe".
Surely the printing will get going next month, won't it ?
printing cant wait til after the election. they(fed and ecb) will print probably within the next 30-45days. they cant allow the market to plummet and europe collapse and then start printing???
You just keep printing the coupon in the meantime & create a bunch of distractions...
Nobody will notice...
The market is going down because of fear of even bigger frauds and capital controls that are coming just around the corner. MF was only the beginning.....they can print all they want, and do swap lines with ECB. Ain't gonna help now. Look at PIIG rates........
DE-regulate everything. Who cares! Fuck it! Let the fuck'in Chinese sell baby formula with water and talcum powder in it. Save the milk for the GOP. Make as much as you can and fuck as many people as you can. When you run out of people to fuck over, retire. Have a great day!
Err, when did this site become the DailyKos, and is anyone allowed to post a story on the main stack now? I would call this sophomoric, but i don't want anyone to get the impression i was referring to college sophomores.
Btw, Vincent, lower tax rates don't lead to decreased revenue. Also, while I don't shill for any political party, you at least should have the facts correct before you construct some inane narrative - the R's were not holding out for tax cuts, they in fact offered a net $250B in tax increases if only the D's would actually reduce some spending. The D's refused to reduce spending.
The US like Europe will NOT cut spending or entitlements. In fact they will increase spending. The only solution is PRINT, BABY, PRINT!
The European Investment Bank (EIB) Ski Slope Goes Black Diamond!
http://confoundedinterest.wordpress.com
If you want a little prosperity America , you better reelect Obama. New Presidents who replace one term Presidents rarely do well their first term, see Reagan and Clinton. The inflation deflation one two punch seems spot on, although the EURO currency was supposed to create a more efficent pricing environment for cross border trade. In the end everyone will send their money to the safest banks, there will no reinvestment of these funds, and economic growth will stall out globally. We'll be kicking this can for a couple decades probably. Eventually economies like China will go vertical, and the whole process starts up again.
Terrible piece.
What makes anyone think the mkts will wait patiently for the election? Limit Down....can you see the headline? Dow Jones Off 2,000, largets single point drop ever, Super Super Super Committee in triple top secret overtime and can't agree to anything. Bernanke on Dancing with the Stars.
The Stupor Committee was never going to agree on anything; dimocrats proposed MORE spending and much higher taxes--anathema to working America, but which their nonworking, nontaxpaying base wants; republicans proposed spending cuts--completely unacceptable to liberal base.
Wrong on all fronts. Germany will not and cannot agree to printing,the German Constitutional court has barred it, and the populace will grab pitchforks if Merkel even tries. Second, raising taxes into a recession, which is here already, will not raise any tax revenue, it may well lower it; people should do some research before they say such inane things. Third, the printing in the US would have to be done by the Fed; if the Republicans win, Bernanke will not be reappointed unless he absolutely commits to sound money--so not going to happen. And the Republican base will grab their own pitchforks if the RINOs in the beltway even talk about it.
"we believe it is in the GOPs interest to have the economy be in its worst shape possible going into the election. It is their method to be the party of no to Obama’s ideas."
Epic FAIL.
(1) Obama has little grasp of anything, and economics is definitely not his subject - or he wouldn't be in the pickle he's in now. His ADVISOR'S ideas consist of misunderstood Keynesianism, with some Chicago-style crony capitalism thrown in.
(2) At least ONE republican (RP) is TALKING about reducing the size and scope of the government - can you name ONE democrat who is? Without drastically reducing spending on entitlements, enormous defense budgets and endless pork, how will we ever start paying down these debts?
Epic FAIL - by Obama, by Congress and by the 50%+ who pay no income taxes. The "Supercommittee" wasn't going to make a dent even if it succeeded in reducing the RATE OF GROWTH of Federal spending, and the time and effort wasted gained us nothing.
For those of you who invest in an IRA or for long term goals, theres a better approach than buy,hold,hope. Stocks follow the economy so analyzing the economy, specifically the factors that are "leading indicators" and having exposure to equities only when the economy is headed in the right direction and avoiding equities in favor of safe haven baskets is a much more logical approach. And missing the major drawdowns is the only way to help ensure meeting your goals. If you are interested in investing in a portfolio that tactically invests in equity and safe haven baskets via ETF's automatically, please email me at:
eclark@breakaway-partners.com
and I'll add you to the weekly market commentary & portfolio update distribution list. Its free to add you and you can follow along our model and our views. We have been RISK-OFF since 6/30 so have missed all this wicked volatility. Currently invested in short duration treasury baskets as flight to safety drives interest in our debt.
So, would you like to commit suicide with a rope or with poison? -- Michael C. Ruppert
http://www.collapsenet.com/154.html