[peterb]

The best we’ve gotten so far on this technical bounce has been 9000. From a low of 7400. The record bad news just keeps rolling in. I’m with Chris on this one. The worst is yet to come. The govt is gearing up to spend $3T. Amazing!! Lay-offs are coming in waves. The Dow at 8000 seems too high given the economic devistation at hand and increasing. Historically, credit contractions of this magnitude are very rare and devistating events. One year into a contraction of this level, seem way too early for a bottom.

[peterb]

The best we’ve gotten so far on this technical bounce has been 9000. From a low of 7400. The record bad news just keeps rolling in. I’m with Chris on this one. The worst is yet to come. The govt is gearing up to spend $3T. Amazing!! Lay-offs are coming in waves. The Dow at 8000 seems too high given the economic devistation at hand and increasing. Historically, credit contractions of this magnitude are very rare and devistating events. One year into a contraction of this level, seem way too early for a bottom.

[peterb]

The best we’ve gotten so far on this technical bounce has been 9000. From a low of 7400. The record bad news just keeps rolling in. I’m with Chris on this one. The worst is yet to come. The govt is gearing up to spend $3T. Amazing!! Lay-offs are coming in waves. The Dow at 8000 seems too high given the economic devistation at hand and increasing. Historically, credit contractions of this magnitude are very rare and devistating events. One year into a contraction of this level, seem way too early for a bottom.

[peterb]

The best we’ve gotten so far on this technical bounce has been 9000. From a low of 7400. The record bad news just keeps rolling in. I’m with Chris on this one. The worst is yet to come. The govt is gearing up to spend $3T. Amazing!! Lay-offs are coming in waves. The Dow at 8000 seems too high given the economic devistation at hand and increasing. Historically, credit contractions of this magnitude are very rare and devistating events. One year into a contraction of this level, seem way too early for a bottom.

[peterb]

I think this says it all.

http://dailybail.com/home/2009/1/25/there-are-no-words-to-describe-the-following.html

Warning, he swears a lot. But it’s a great rant!!

[peterb]

I think this says it all.

http://dailybail.com/home/2009/1/25/there-are-no-words-to-describe-the-following.html

Warning, he swears a lot. But it’s a great rant!!

[peterb]

I think this says it all.

http://dailybail.com/home/2009/1/25/there-are-no-words-to-describe-the-following.html

Warning, he swears a lot. But it’s a great rant!!

[peterb]

I think this says it all.

http://dailybail.com/home/2009/1/25/there-are-no-words-to-describe-the-following.html

Warning, he swears a lot. But it’s a great rant!!

[peterb]

I think this says it all.

http://dailybail.com/home/2009/1/25/there-are-no-words-to-describe-the-following.html

Warning, he swears a lot. But it’s a great rant!!

[peterb]

Gold is real money. 2000 year track record of sustaining it’s purchasing power. Relatively transportable and a store of wealth that’s not easily corrupted. It’s relative strength to all other assets at this time makes it the best performer other than the US$. And it has recently been beating up on the US$ as well.

[peterb]

Gold is real money. 2000 year track record of sustaining it’s purchasing power. Relatively transportable and a store of wealth that’s not easily corrupted. It’s relative strength to all other assets at this time makes it the best performer other than the US$. And it has recently been beating up on the US$ as well.

[peterb]

Gold is real money. 2000 year track record of sustaining it’s purchasing power. Relatively transportable and a store of wealth that’s not easily corrupted. It’s relative strength to all other assets at this time makes it the best performer other than the US$. And it has recently been beating up on the US$ as well.

[peterb]

Gold is real money. 2000 year track record of sustaining it’s purchasing power. Relatively transportable and a store of wealth that’s not easily corrupted. It’s relative strength to all other assets at this time makes it the best performer other than the US$. And it has recently been beating up on the US$ as well.

[peterb]

Gold is real money. 2000 year track record of sustaining it’s purchasing power. Relatively transportable and a store of wealth that’s not easily corrupted. It’s relative strength to all other assets at this time makes it the best performer other than the US$. And it has recently been beating up on the US$ as well.

[peterb]

I think Meredith Whitney covered this a month or so back. Credit card companies are going to reduce thier overall limits in the next year or so by over $1T as an industry. They’re realizing their exposure to default risk is shooting up in this economic contraction.

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