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Sean Corrigan On A Year Of Macro-Economic Tooth Fairies
When we step back to consider the last year of investing dangerously an old song echoes in the back of our mind 'next verse, same as the first, a little bit louder and a little bit worse'. While new and more complex issues have arisen, at their core the same simple problems of debt saturation, global imbalances, and forced deleveraging remain front-and-center while the same liquidity-fueled 'temporary' solutions are spoon-fed to us the investing public. Sean Corrigan, Diapason Commodities' wordsmith, offers his critically voluminous perspective on the problems we face from earlier misallocations of capital and papering over the cracks of a world seeking reality but not allowed to face it. Specifically addressing US Stagflation and QE, European Austerity and 'German reparations, and how China's 'all-knowing bosses can 'fine-tune' a soft-landing economic miracle, Corrigan notes: "...one has to fear that the faulty signals given off by all the measures so far taken - many of them beyond even the conception of all but the most wild?eyed monetary cranks... - have already caused some of those same healing mechanisms to turn cancerous. Who can say how much well?intentioned effort over the past three years – however fruitful it has appeared to have been in the interim ? has been misled into taking for permanent and self?sustaining what is only a short?lived artefact of a massive monetary and fiscal intervention." The search for economic tooth-fairies continues and 2012 looks set to bring in still larger and more unimaginable 'solutions' as we become conditioned to expect the 'heavy-footed' intervention of monetary (and fiscal) policy-makers.
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Hopium to dopium!
The supposed cure is slowly killing the patient, just like overdosing on a dangerous drug.
The Bamster is the ToothFairy in Chief. Funny how Rush Limbaugh predicted the disaster that is Obamanomics 4 days before the muppets inauguration. In hindsight, it was an easy call I guess. All you have to do is look at Cuba:)
You could predict disaster when the Fed increased the monetary base 80% in one fucking month.
Back in 2008 if you had a brain.
Or back in 2004 when shows like "flip this house" appeared on TV.
Or back in mid-Sept. 2001, when the solution to the new crisis was to "go shopping."
...
Or back in 1971 when Nixon closed the gold window.
...
Or back in 1913 when the "Federal Reserve" was created.
...
Obamaconomics meaning the stimulus bill and renewing the bush tax cuts? Really that is the radical Castro-esaque economic disaster? Please man wake up to the real world. This is debt collapse based on a debt orgy ensuing well before Obama was even lected. In fact he arrived on the scene after the crisis has already happened. What is the primary complaint here? He spent too much on Clash for Clunkers? He didn't extend the Bush tax cuts further? Are we blaming him for Bernanke's monetary policy which Obama does not have control over? What is the case here other than "I just don't like Obama."
I am no Obama fan but anone that listens to Rush Limbaugh is by definition emotionally and/or mentally unbalanced....
From Hopium to Enlightenment.
http://www.opednews.com/articles/Gemini-Full-Moon-Total-Lun-by-Cathy-Lynn-Pagano-111206-853.html
Lunar eclipse during full moon on December 10, 2011 was truly a harbinger of change.
The lies and hypocrisy of the past are being jettisoned. Truth and understanding will come to the forefront. Not for all, but for those who accepted the shift in spirituality brought about by the lunar eclipse in Gemini.
freaky! Is that why IBM which has led all markets for the last 20 years + stalled out at exactly the moment you speak of and is now about to take a life saving swipe at the thin ledge of support at 183ish, which will fail and probably trigger a slicing move down to 160ish as early as Monday? What macro events might cause such a dive ?
A France downgrade would do the trick.
which macro event? You will recall that revenue growth has not been IBM's strong suite, except in the emerging markets. Now it looks like growth in China (as well as the rest of the world) is slowing, soooo ... are the BRICs folks still gonna need more computers?
Nice Tsar P. Good to see a little astrology here on ZH. As some billionaire famously said, billionaires and kings use astrologers, serfs don't, or some such.
And it totally feels like we are living in some sort of disclosure project. Every day, something shocking/stunning/enlightening.
ori
/this-that-and-the-4th-reich/
I always enjoy reading your posts, ORI, but the fascist corporation for which I work as a contractor prohibits me from viewing your website links.
The truth is being revealed, yes. We can live like kings and billionaires in our hearts and minds, even if we aren't either in our phyiscal beings.
Much love and peace to you in 2012.
:-) and likewise to you tsar Pointless. Quite the build-up to next year eh?
End of the World...... quite the ring to it.
ori
y'all notice the new word of the day is "fiscal!"
"Leggo my Eggo" was all the rage the last time I thought about tooth fairies. Time to bone up on Eggos and teeth.
http://www.leggomyeggo.com/
Is this why gold/silver have been whacked all summer/autumn long ?
State-backed private monopolies are very profitable. They can rob their citizens every day. We already have a few: banking, insurance, auto industry
All of these measures just aren't working. Instead, we're going to just have to go through an Economic Collapse
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