<< <i>Maybe inflation is resulting in the dollar's strength? >>
Everybody else's economy is weakening too...we are ahead on that and therefore our dollar is getting a rally as everyone else currency is weakening. >>
Which is exactly my point and is what I ahve been saying for months in the other thread.
The rest of the world has been practicing an anti inflation policy which was actually an anti growth policy. The USA is 2 years ahead of the world in combating slower growth. New Zealand real estate should be pretty darn attractive in 2010.
<< <i>But i think you are forgetting a key point in your analysis. Our lives, for the majority in my opinion, has improved. Now families have 2-3 cars, sometimes 2 houses (summer place), huge wardrobes of clothes, many knick knacks in the house, technological marvels like cell phones and internet, better health resources, longer life spans, etc.. the list is endless on how things have improved.
i think you are doing a "get off my lawn you darn kids, in my day" sorta thing. >>
Let's hope your view is more correct than mine, fc. But people I know who have a lot of "things" are in debt up to their eyeballs, just as the government is. And there are so many people who have lost what they thought they owned, or who are in danger of doing so, that the Congress has been working overtime to bail them out, with money they don't have, either, like two rebate checks from the IRS. When have they needed to do that before? And how about helping people pay their mortgages, and rescuing depositors of insolvent banks?
As for the abundance of automobiles, where are they made now? Checked the labels on clothes lately? Not made in the USA, nor are cell phones, or computers. Health resouces? Those are available to those with a health plan. Ours costs us $1,273 a month. Life expectancy? Yes, it is better, but the US trails 30 other countries, according to this CNN article.
Good deals with: goldman86 mkman123 Wingsrule wondercoin segoja Tccuga OKCC LindeDad and others.
I live in the Santa Clara County area of CA. Housing here for the most part starts at about $500 for a broken down two bedroom flat. In the nicer areas prices are much more for the same thing.
For the most part I think people here do not have a lot of disposable income to begin with but if the market crashes here it will take more than a better economy to fix things.
As far as the two to three car or house scenario goes that is not nearly as common here as quality of life I would imagine is not like other parts of the country where homes are still in the $150k - $250k
Aug. 13 (Bloomberg) -- Gold rebounded in London as jewelry and investment demand revived after the price of the metal declined to a seven-month low. Platinum and silver also gained.
Gold for immediate delivery added $6.03, or 0.7 percent, to $818.35 an ounce as of 11:20 a.m. London time. It fell to $802.34 yesterday, the lowest since December as the dollar strengthened to the highest in 5 1/2 months. The metal has lost 21 percent from its March 17 record of $1,032.70 an ounce.
Most definitely oversold in the short term. Take a long position but be ready to exit fassssst.
Entering a wildly down market with the intention of "exiting fast" seems like a really crazy-risky strategy to me. However fast you are, do you think that you are faster than the guys who sit atop their screens with the "sell button" underneath their index finger? (I'm not talkin' day traders here - I'm talking about the "big boys"
Q: Are You Printing Money? Bernanke: Not Literally
There have been worse times to buy, but buying with the intention of a fast exit seems counterproductive. I agree with the over-sold assessment, however.
Q: Are You Printing Money? Bernanke: Not Literally
The rest of the world has been practicing an anti inflation policy which was actually an anti growth policy. The USA is 2 years ahead of the world in combating slower growth. New Zealand real estate should be pretty darn attractive in 2010
From the published M3 rates of major nations, those guys are beating us to the punch on inflation (ie increasing money supplies). The Russians were at >50% for a portion of last year! Many of the top 20 nations were in the 10-20% range, and got there well before us....notably China, India, etc. The US is not practicing an anti-inflation scenario with M3 increasing at 15-18% per year now and hundreds of billions in bailouts being tossed around like candy.
Price inflation results from monetary inflation...always. You can keep it at bay like we did from 1987-2004, but you cannot keep it away indefinitely.
We've had 3% average annual inflation since about 1913. Considering our dollar is worth 3-4 cents today, I'd say that 3% ave inflation is too much for the monetary increases needed for population growth.
<< <i> We've had 3% average annual inflation since about 1913. Considering our dollar is worth 3-4 cents today, I'd say that 3% ave inflation is too much for the monetary increases needed for population growth.
roadrunner >>
Well, if folks were still making the wages they were in 1913, you might have a point. However, since wages generally have outpaced inflation by 1-1.5% (mostly due to productivity increases), the American public enjoys a vastly better standard of living than it did in 1913. Materialistically speaking, that is.
“When the people find that they can vote themselves money, that will herald the end of the republic.” — Benjamin Franklin
My icon IS my coin. It is a gem 1949 FBL Franklin.
I haven't given up on $1000 gold by any means. Commodities are as vastly oversold right now as the US dollar is overbought. It's just a matter now of the lightning rod needed to reverse the course. And the FED/PPT is not about to give out such a gift in the way of a major bank or GSE failure, etc. They'll scuttle the ship before giving in to that.
However, since wages generally have outpaced inflation by 1-1.5% (mostly due to productivity increases), the American public enjoys a vastly better standard of living than it did in 1913. Materialistically speaking, that is.
I think if you look at the last 30 years (essentially the pure fiat years) you will see that real wages have lost ground due to inflation. Standards of living have seemingly increased but that now requires 2 wage earners per family, longer hours at work and constant connection via cell, blackberry, etc. It takes longer each year for the average worker to reach tax day (the day in which he/her stops working for the govt and starts earning for himself/herself).
I'd happily trade the gadgets for more quality time.
some silly data about unemployment being worse then expected will give a temp bump for about 1 hour. notice climbing the mountain has changed to stumbling back down.
doom and gloom is not working. recessions happen and we get out of it. a natural cycle.
doom and gloom is not working. recessions happen and we get out of it. a natural cycle.
Sure, but this is the first recessionary cycle ever where we have $1.1 QUADRILLION in derivatives (the majority OTC and near worthless) overhanging the market. That's probably a factor of 100X bigger than the 1980 or 1990 recessions. This is not your Dad's derivatives market.
some silly data about unemployment being worse then expected will give a temp bump for about 1 hour. notice climbing the mountain has changed to stumbling back down.
The current 'bankster theft" cycle is anything but "natural."
If you recompute unemployment to the methods used back in 1980 you will find today's rate surprisingly similar. Using an "underemployment" method will get you a 12% rate. This takes into account former white collar workers now at McD's or Home Depot, those who have given up entirely, and those who have been looking for months with no success. Unemployment at a 5.5-6% rate is a fool's number. The "underemployment" stat is far more in tune with statistical methods used during the 1970's recession. Check out shadowstats.com for more on that subject.
amazing. gold bugs have no affect on this market. we can hope all we want but it is all irrelevant.
Classic 9:30-10 am PPT $50 gold takedown, plus silver falling to under $10/oz in support. The more dire the financial situation becomes, the more the PPT has to slam the metals to show there is faith in the US dollar. Once the repatriation of US dollars slows, there will be a huge drop in demand for them from overseas.
Touching $792 is essentially the point that Dave Nichols was looking for once we broke under $850. If gold rises up from and strengthens in the $850-$920 trading range, look out above. The 'best" thing that the PPT can do from here is to continue to pummel the metals to new lows to "prove" to the masses that the dollar is the only safe asset.....ahem....well except for mutual funds of course (lol).
Comments
<< <i>Maybe inflation is resulting in the dollar's strength? >>
Everybody else's economy is weakening too...we are ahead on that and therefore our dollar is getting a rally as everyone else currency is weakening.
I give away money. I collect money.
I don’t love money . I do love the Lord God.
<< <i>
<< <i>Maybe inflation is resulting in the dollar's strength? >>
Everybody else's economy is weakening too...we are ahead on that and therefore our dollar is getting a rally as everyone else currency is weakening. >>
Which is exactly my point and is what I ahve been saying for months in the other thread.
The rest of the world has been practicing an anti inflation policy which was actually an anti growth policy. The USA is 2 years ahead of the world in combating slower growth. New Zealand real estate should be pretty darn attractive in 2010.
Knowledge is the enemy of fear
<< <i>But i think you are forgetting a key point in your analysis. Our lives, for the majority in my opinion, has improved.
Now families have 2-3 cars, sometimes 2 houses (summer place), huge wardrobes of clothes, many knick knacks in the house,
technological marvels like cell phones and internet, better health resources, longer life spans, etc.. the list is endless on
how things have improved.
i think you are doing a "get off my lawn you darn kids, in my day" sorta thing. >>
Let's hope your view is more correct than mine, fc. But people I know who have a lot of "things" are in debt up to their eyeballs, just as the government is. And there are so many people who have lost what they thought they owned, or who are in danger of doing so, that the Congress has been working overtime to bail them out, with money they don't have, either, like two rebate checks from the IRS. When have they needed to do that before? And how about helping people pay their mortgages, and rescuing depositors of insolvent banks?
As for the abundance of automobiles, where are they made now? Checked the labels on clothes lately? Not made in the USA, nor are cell phones, or computers. Health resouces? Those are available to those with a health plan. Ours costs us $1,273 a month. Life expectancy? Yes, it is better, but the US trails 30 other countries, according to this CNN article.
my early American coins & currency: -- http://yankeedoodlecoins.com/
For the most part I think people here do not have a lot of disposable income to begin with but if the market crashes here it will take more than a better economy to fix things.
As far as the two to three car or house scenario goes that is not nearly as common here as quality of life I would imagine is not like other parts of the country where homes are still in the $150k - $250k
How do you know when the trend has changed? After a 10% drop? 20%? 30%? 40%? 50%?
What is inflation? How much is too much? Is a little inflation good?
Knowledge is the enemy of fear
<< <i>Do I see Gold climbing that cliff tonight????????? Is it the Olympic influence????
Why yes I do......this Russian conflict will have huge impact on gold bullion!!!
<< <i>
<< <i>Do I see Gold climbing that cliff tonight????????? Is it the Olympic influence????
Why yes I do......this Russian conflict will have huge impact on gold bullion!!! >>
You're fun to quote GB! What a climb today!
<< <i>
<< <i>
<< <i>Do I see Gold climbing that cliff tonight????????? Is it the Olympic influence????
Why yes I do......this Russian conflict will have huge impact on gold bullion!!! >>
You're fun to quote GB! What a climb today!
Hey, it was climbing last night rg!!!
<< <i>
<< <i>
<< <i>
<< <i>Do I see Gold climbing that cliff tonight????????? Is it the Olympic influence????
Why yes I do......this Russian conflict will have huge impact on gold bullion!!! >>
You're fun to quote GB! What a climb today!
Hey, it was climbing last night rg!!!
Only hours away from sub $800 Gold!!!!!....One ugly chart....Is it time to open up the check book guys and gals?????
<< <i>Only hours away from sub $800 Gold!!!!!....One ugly chart....Is it time to open up the check book guys and gals?????
>>
Most definitely oversold in the short term. Take a long position but be ready to exit fassssst.
Cliff Two.
Next stop 7's.
Aug. 13 (Bloomberg) -- Gold rebounded in London as jewelry and investment demand revived after the price of the metal declined to a seven-month low. Platinum and silver also gained.
Gold for immediate delivery added $6.03, or 0.7 percent, to $818.35 an ounce as of 11:20 a.m. London time. It fell to $802.34 yesterday, the lowest since December as the dollar strengthened to the highest in 5 1/2 months. The metal has lost 21 percent from its March 17 record of $1,032.70 an ounce.
Entering a wildly down market with the intention of "exiting fast" seems like a really crazy-risky strategy to me. However fast you are, do you think that you are faster than the guys who sit atop their screens with the "sell button" underneath their index finger? (I'm not talkin' day traders here - I'm talking about the "big boys"
I knew it would happen.
Steve
There have been worse times to buy, but buying with the intention of a fast exit seems counterproductive. I agree with the over-sold assessment, however.
I knew it would happen.
<< <i>Numismaster article seems to think its a good time to buy. >>
Good read. Thanks for the link.
Good read. Thanks for the link.
More good information.
Question is - who's doing what, to whom? George Orwell would have a field day with this stuff. What's real, and what's an illusion? My Goodness!!
I knew it would happen.
From the published M3 rates of major nations, those guys are beating us to the punch on inflation (ie increasing money supplies). The Russians were at >50% for a portion of last year! Many of the top 20 nations were in the 10-20% range, and got there well before us....notably China, India, etc. The US is not practicing an anti-inflation scenario with M3 increasing at 15-18% per year now and hundreds of billions in bailouts being tossed around like candy.
Price inflation results from monetary inflation...always. You can keep it at bay like we did from 1987-2004, but you cannot keep it away indefinitely.
We've had 3% average annual inflation since about 1913. Considering our dollar is worth 3-4 cents today, I'd say that 3% ave inflation is too much for the monetary increases needed for population growth.
roadrunner
<< <i>
We've had 3% average annual inflation since about 1913. Considering our dollar is worth 3-4 cents today, I'd say that 3% ave inflation is too much for the monetary increases needed for population growth.
roadrunner >>
Well, if folks were still making the wages they were in 1913, you might have a point. However, since wages generally have outpaced inflation by 1-1.5% (mostly due to productivity increases), the American public enjoys a vastly better standard of living than it did in 1913. Materialistically speaking, that is.
My icon IS my coin. It is a gem 1949 FBL Franklin.
Big correction in place here!!!!!
<< <i>Folks, gold is under $800!!!!!!!!!!!!!!!!!!!!!!!
Big correction in place here!!!!!
Correction? Have you looked at the past 30 days? I would say that the air has come out of the ballon (aka the bubble has burst).
Collector of Early 20th Century U.S. Coinage.
ANA Member R-3147111
<< <i>
<< <i>Folks, gold is under $800!!!!!!!!!!!!!!!!!!!!!!!
Big correction in place here!!!!!
Correction? Have you looked at the past 30 days? I would say that the air has come out of the ballon (aka the bubble has burst).
And to think I thought Gold $1000 was a foregone conclusion!!!
Glad I sold most of mine at the Phoenix ANA.
<< <i>Big drop this morning! >>
That's an understatement .... Huge drop in all PM's & Oil ... not the time to buy ... I'm waiting for a rebound before I jump in again.
The fat one who can't sing !
Ren
OPA....yeah i won't get in again either until it shows some floor
However, since wages generally have outpaced inflation by 1-1.5% (mostly due to productivity increases), the American public enjoys a vastly better standard of living than it did in 1913. Materialistically speaking, that is.
I think if you look at the last 30 years (essentially the pure fiat years) you will see that real wages have lost ground due to inflation.
Standards of living have seemingly increased but that now requires 2 wage earners per family, longer hours at work and constant connection via cell, blackberry, etc. It takes longer each year for the average worker to reach tax day (the day in which he/her stops working for the govt and starts earning for himself/herself).
I'd happily trade the gadgets for more quality time.
roadrunner
<< <i>Time to climb up the mountain again!!!!!!
>>
some silly data about unemployment being worse then expected will give
a temp bump for about 1 hour. notice climbing the mountain has changed
to stumbling back down.
doom and gloom is not working. recessions happen and we get out of it.
a natural cycle.
siliconvalleycoins.com
a natural cycle.
Sure, but this is the first recessionary cycle ever where we have $1.1 QUADRILLION in derivatives (the majority OTC and near worthless) overhanging the market. That's probably a factor of 100X bigger than the 1980 or 1990 recessions. This is not your Dad's derivatives market.
roadrunner
The current 'bankster theft" cycle is anything but "natural."
If you recompute unemployment to the methods used back in 1980 you will find today's rate surprisingly similar. Using an "underemployment" method will get you a 12% rate. This takes into account former white collar workers now at McD's or Home Depot, those who have given up entirely, and those who have been looking for months with no success. Unemployment at a 5.5-6% rate is a fool's number. The "underemployment" stat is far more in tune with statistical methods used during the 1970's recession. Check out shadowstats.com for more on that subject.
roadrunner
<< <i>Here we go again!!!
Yup ...
RHODIUM 10/15/2008 10:32 2,410.00 2510.00 -750.00 -23.73% Is anyone investing in Rhodium?
<< <i>Here we go again!!!
Now this is a cliff, it was up 15 minutes ago, down 40 15 minutes after NYSE opened, under 800.
want but it is all irrelevant.
Where can I buy rhodium eagles?
My Adolph A. Weinman signature
want but it is all irrelevant.
Classic 9:30-10 am PPT $50 gold takedown, plus silver falling to under $10/oz in support. The more dire the financial situation becomes, the more the PPT has to slam the metals to show there is faith in the US dollar. Once the repatriation of US dollars slows, there will be a huge drop in demand for them from overseas.
Touching $792 is essentially the point that Dave Nichols was looking for once we broke under $850. If gold rises up from and strengthens in the $850-$920 trading range, look out above. The 'best" thing that the PPT can do from here is to continue to pummel the metals to new lows to "prove" to the masses that the dollar is the only safe asset.....ahem....well except for mutual funds of course (lol).
roadrunner
Does anyone know, offhand, a compilation of great quotes?
<< <i>
<< <i>Here we go again!!!
Now this is a cliff, it was up 15 minutes ago, down 40 15 minutes after NYSE opened, under 800. >>
And again!!!!!!!!!!