How’s everyone feeling these days about the economy?

[socrattt]

I just left BofA not too long ago after transferring a big chunk of change to avoid getting axed if one of my other institutions go under.

The best part about my trip to the bank was the teller said “Good luck” as I was walking away. Only God knows what she meant by that comment. I answered back, “It feels like playing the lottery these days when making a deposit”. It was a really weird feeling for me after that little chain of events.

It is pretty scary when my day job is consisting of trying to protect my assets. Things are looking mighty grim. I was thinking today about global warming and buying a place in Greenland, I am sure it is the next hot spot. I haven’t heard from Gore in a while. I wonder what he is thinking right now. My guess is he is trying to make enough money to pay for that crazy electric bill of his every month!!

What happened to the days of talking about global warming and Britney Spears those conversations really intrigued me!!!!!

[peterb]

Josh, I’ve rarely had an original thought in my whole life. This is analysis from the likes of Bob Hoye, Marc Faber, and basically the Austrian school of economics. There’s a lot of historical evidence that points to this happening.

They’ve been saying that for about a year now and it seems to be unfolding this way. The US$ will be strong for another couple of months. Gold will bottom in a month or so, then rise for two years at least. This has happened after two other historical credit bubbles have burst.

[peterb]

Josh, I’ve rarely had an original thought in my whole life. This is analysis from the likes of Bob Hoye, Marc Faber, and basically the Austrian school of economics. There’s a lot of historical evidence that points to this happening.

They’ve been saying that for about a year now and it seems to be unfolding this way. The US$ will be strong for another couple of months. Gold will bottom in a month or so, then rise for two years at least. This has happened after two other historical credit bubbles have burst.

[peterb]

Josh, I’ve rarely had an original thought in my whole life. This is analysis from the likes of Bob Hoye, Marc Faber, and basically the Austrian school of economics. There’s a lot of historical evidence that points to this happening.

They’ve been saying that for about a year now and it seems to be unfolding this way. The US$ will be strong for another couple of months. Gold will bottom in a month or so, then rise for two years at least. This has happened after two other historical credit bubbles have burst.

[peterb]

Josh, I’ve rarely had an original thought in my whole life. This is analysis from the likes of Bob Hoye, Marc Faber, and basically the Austrian school of economics. There’s a lot of historical evidence that points to this happening.

They’ve been saying that for about a year now and it seems to be unfolding this way. The US$ will be strong for another couple of months. Gold will bottom in a month or so, then rise for two years at least. This has happened after two other historical credit bubbles have burst.

[peterb]

Josh, I’ve rarely had an original thought in my whole life. This is analysis from the likes of Bob Hoye, Marc Faber, and basically the Austrian school of economics. There’s a lot of historical evidence that points to this happening.

They’ve been saying that for about a year now and it seems to be unfolding this way. The US$ will be strong for another couple of months. Gold will bottom in a month or so, then rise for two years at least. This has happened after two other historical credit bubbles have burst.

[pedrocon]

Its interesting for the last 100 years or so when the US economy sneezed everyone else got sick and its happening again. But I wonder is this the last time that this will happen? Maybe we are about to realize that the center of the economic world has shifted east. Man we have collectively squandered trillions on crap. We could have been so much further than we are. It probably ends up like this every time Rome, Britain, City States etc…..Don’t trust the government.

[pedrocon]

Its interesting for the last 100 years or so when the US economy sneezed everyone else got sick and its happening again. But I wonder is this the last time that this will happen? Maybe we are about to realize that the center of the economic world has shifted east. Man we have collectively squandered trillions on crap. We could have been so much further than we are. It probably ends up like this every time Rome, Britain, City States etc…..Don’t trust the government.

[pedrocon]

Its interesting for the last 100 years or so when the US economy sneezed everyone else got sick and its happening again. But I wonder is this the last time that this will happen? Maybe we are about to realize that the center of the economic world has shifted east. Man we have collectively squandered trillions on crap. We could have been so much further than we are. It probably ends up like this every time Rome, Britain, City States etc…..Don’t trust the government.

[pedrocon]

Its interesting for the last 100 years or so when the US economy sneezed everyone else got sick and its happening again. But I wonder is this the last time that this will happen? Maybe we are about to realize that the center of the economic world has shifted east. Man we have collectively squandered trillions on crap. We could have been so much further than we are. It probably ends up like this every time Rome, Britain, City States etc…..Don’t trust the government.

[pedrocon]

Its interesting for the last 100 years or so when the US economy sneezed everyone else got sick and its happening again. But I wonder is this the last time that this will happen? Maybe we are about to realize that the center of the economic world has shifted east. Man we have collectively squandered trillions on crap. We could have been so much further than we are. It probably ends up like this every time Rome, Britain, City States etc…..Don’t trust the government.

[CA renter]

Barnaby,

Does this chart look like we are closer to the top or the bottom in the S&P:

1960 – Present Weekly

http://stockcharts.com/charts/historical/spx1960.html

Or the Dow:

http://stockcharts.com/charts/historical/djia1960.html

Now, I’ll admit to being a bear, so my bias is showing… But we look much closer to a top than a bottom to me.

The Dow is very near it’s peak during the “stock market bubble” in 2000.

The last time we saw these levels was in 2006 — the go-go days of “trees growing to the sky”. Does the future look better or worse for the bulls in 2008? Remember how the CNBC cheerleaders were rejoicing when the market broke through 10,000 on the way up? Better or worse now?

I think there is significant downward pressure in all markets, but that’s just deflationary ol’ me. 🙂

[CA renter]

Barnaby,

Does this chart look like we are closer to the top or the bottom in the S&P:

1960 – Present Weekly

http://stockcharts.com/charts/historical/spx1960.html

Or the Dow:

http://stockcharts.com/charts/historical/djia1960.html

Now, I’ll admit to being a bear, so my bias is showing… But we look much closer to a top than a bottom to me.

The Dow is very near it’s peak during the “stock market bubble” in 2000.

The last time we saw these levels was in 2006 — the go-go days of “trees growing to the sky”. Does the future look better or worse for the bulls in 2008? Remember how the CNBC cheerleaders were rejoicing when the market broke through 10,000 on the way up? Better or worse now?

I think there is significant downward pressure in all markets, but that’s just deflationary ol’ me. 🙂

[CA renter]

Barnaby,

Does this chart look like we are closer to the top or the bottom in the S&P:

1960 – Present Weekly

http://stockcharts.com/charts/historical/spx1960.html

Or the Dow:

http://stockcharts.com/charts/historical/djia1960.html

Now, I’ll admit to being a bear, so my bias is showing… But we look much closer to a top than a bottom to me.

The Dow is very near it’s peak during the “stock market bubble” in 2000.

The last time we saw these levels was in 2006 — the go-go days of “trees growing to the sky”. Does the future look better or worse for the bulls in 2008? Remember how the CNBC cheerleaders were rejoicing when the market broke through 10,000 on the way up? Better or worse now?

I think there is significant downward pressure in all markets, but that’s just deflationary ol’ me. 🙂

[CA renter]

Barnaby,

Does this chart look like we are closer to the top or the bottom in the S&P:

1960 – Present Weekly

http://stockcharts.com/charts/historical/spx1960.html

Or the Dow:

http://stockcharts.com/charts/historical/djia1960.html

Now, I’ll admit to being a bear, so my bias is showing… But we look much closer to a top than a bottom to me.

The Dow is very near it’s peak during the “stock market bubble” in 2000.

The last time we saw these levels was in 2006 — the go-go days of “trees growing to the sky”. Does the future look better or worse for the bulls in 2008? Remember how the CNBC cheerleaders were rejoicing when the market broke through 10,000 on the way up? Better or worse now?

I think there is significant downward pressure in all markets, but that’s just deflationary ol’ me. 🙂

[Author]

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