Comments on: Tour des charts http://sovereignspeculator.com/2009/08/11/tour-des-charts/ Thoughts on the markets and the decline of the west Mon, 20 Dec 2010 21:54:45 +0000 http://wordpress.org/?v=2.6 By: PEJ http://sovereignspeculator.com/2009/08/11/tour-des-charts/#comment-5179 PEJ Fri, 14 Aug 2009 21:37:05 +0000 http://sovereignspeculator.com/?p=2617#comment-5179 Aki_Izayoi: so far, Bernanke's actions contradict your scenario. He and his accomplices in crime (Paulson, Geithner, etc.) have committed many illegal actions and himself has exposed the Fed to the extent where Ron Paul managed to get his "audit-the-fed" bill signed by the majority at the house. Not sure he hasn't already distroyed the Fed... Aki_Izayoi: so far, Bernanke’s actions contradict your scenario. He and his accomplices in crime (Paulson, Geithner, etc.) have committed many illegal actions and himself has exposed the Fed to the extent where Ron Paul managed to get his “audit-the-fed” bill signed by the majority at the house.
Not sure he hasn’t already distroyed the Fed…

]]> By: Aki_Izayoi http://sovereignspeculator.com/2009/08/11/tour-des-charts/#comment-5178 Aki_Izayoi Fri, 14 Aug 2009 20:46:27 +0000 http://sovereignspeculator.com/?p=2617#comment-5178 Bernanke has more to lose than Gideon Gono. I am sure he does not want to be remembered as Arthur Burns. His best legacy he can strive for is that of futility: he doesn't do anything detriment as Fed Chairman, but he doesn't solve the crisis. It is not like he could do anything to solve the crisis. Bernanke has more to lose than Gideon Gono. I am sure he does not want to be remembered as Arthur Burns. His best legacy he can strive for is that of futility: he doesn’t do anything detriment as Fed Chairman, but he doesn’t solve the crisis. It is not like he could do anything to solve the crisis.

]]> By: Pej http://sovereignspeculator.com/2009/08/11/tour-des-charts/#comment-5143 Pej Thu, 13 Aug 2009 08:14:23 +0000 http://sovereignspeculator.com/?p=2617#comment-5143 The problem with these kinds of arguments is that their causality is reversed and hence the argument doesn't hold. Moreover and unfortunately, if you have a look at Mr Gideon Gono's track record, you will understand that destroying their dollar not only didn't result in destroying their central bank, but, yet even more incredible, he didn't even destroy his own career, as he's still the head of the RBZ http://en.wikipedia.org/wiki/Gideon_Gono The problem with these kinds of arguments is that their causality is reversed and hence the argument doesn’t hold.

Moreover and unfortunately, if you have a look at Mr Gideon Gono’s track record, you will understand that destroying their dollar not only didn’t result in destroying their central bank, but, yet even more incredible, he didn’t even destroy his own career, as he’s still the head of the RBZ

http://en.wikipedia.org/wiki/Gideon_Gono

]]> By: Graphite http://sovereignspeculator.com/2009/08/11/tour-des-charts/#comment-5141 Graphite Thu, 13 Aug 2009 03:53:18 +0000 http://sovereignspeculator.com/?p=2617#comment-5141 Since "destroying the dollar" would mean the end of the Federal Reserve, I find it hard to believe that's the outcome Bernanke really wants. Since “destroying the dollar” would mean the end of the Federal Reserve, I find it hard to believe that’s the outcome Bernanke really wants.

]]> By: Axclr8 http://sovereignspeculator.com/2009/08/11/tour-des-charts/#comment-5133 Axclr8 Wed, 12 Aug 2009 16:13:15 +0000 http://sovereignspeculator.com/?p=2617#comment-5133 Pej: Yep. Good point .. in fact on the recent documentary from CNBC, the free PORN sites were really draining away revenue from the leaders of PORN today ... humm, so much for starting a PORN site to ensure regular income! LOL! It seems the word "FREE" ensures consumers today ... FREE $4500 money from the future generation FREE Software or nearly FREE software prices at 90% of MSRP FREE MONEY to buy a car today at 0% or .90% Make it free and users cometh ... Pej: Yep. Good point .. in fact on the recent documentary from CNBC, the free PORN sites were really draining away revenue from the leaders of PORN today … humm, so much for starting a PORN site to ensure regular income! LOL!

It seems the word “FREE” ensures consumers today …

FREE $4500 money from the future generation
FREE Software or nearly FREE software prices at 90% of MSRP
FREE MONEY to buy a car today at 0% or .90%

Make it free and users cometh …

]]> By: Pej http://sovereignspeculator.com/2009/08/11/tour-des-charts/#comment-5131 Pej Wed, 12 Aug 2009 14:44:02 +0000 http://sovereignspeculator.com/?p=2617#comment-5131 Axclr8: according to the report about the porn industry, it's not deflation but a flawed/outdated business model that's killing them (and of course, piracy). This has nothing to do with deflation, contrary to what Mish states. Axclr8: according to the report about the porn industry, it’s not deflation but a flawed/outdated business model that’s killing them (and of course, piracy). This has nothing to do with deflation, contrary to what Mish states.

]]> By: Axclr8 http://sovereignspeculator.com/2009/08/11/tour-des-charts/#comment-5130 Axclr8 Wed, 12 Aug 2009 12:56:54 +0000 http://sovereignspeculator.com/?p=2617#comment-5130 Some great thesis on China's exports getting crushed: http://www.blackswantrading.com/files/articles/b94c9c97274f9ebdca051fb50411f9a9bscc081209.pdf Mike: Do you see Commodities Like OIL going down in a deflationary environment? Neve thought I would see this: Tough times in the porn industry http://www.latimes.com/business/la-fi-ct-porn10-2009aug10,0,4788614.story?page=1 Hummm ... Deflation at work .... damn I am starting to get worried ... Some great thesis on China’s exports getting crushed:

http://www.blackswantrading.com/files/articles/b94c9c97274f9ebdca051fb50411f9a9bscc081209.pdf

Mike: Do you see Commodities Like OIL going down in a deflationary environment?

Neve thought I would see this: Tough times in the porn industry

http://www.latimes.com/business/la-fi-ct-porn10-2009aug10,0,4788614.story?page=1

Hummm … Deflation at work …. damn I am starting to get worried …

]]> By: Pej http://sovereignspeculator.com/2009/08/11/tour-des-charts/#comment-5126 Pej Wed, 12 Aug 2009 09:16:08 +0000 http://sovereignspeculator.com/?p=2617#comment-5126 Mike's gonna be happy: http://realitylenses.blogspot.com/2009/08/robert-prechters-conquer-crash-ii-new.html Mike’s gonna be happy:
http://realitylenses.blogspot.com/2009/08/robert-prechters-conquer-crash-ii-new.html

]]> By: Pej http://sovereignspeculator.com/2009/08/11/tour-des-charts/#comment-5125 Pej Wed, 12 Aug 2009 08:52:59 +0000 http://sovereignspeculator.com/?p=2617#comment-5125 Mike, don't get me wrong, I very much appreciate what Prechter is doing and saying. I'm just saying that it's not going to become true with a 100% accuracy. Also, I will make yet another post about this inflation/deflation debate, but my main point is: deflation is here, but Bernanke and the feds/us gov and gang would rather destroy the dollar that just sit and do nothing. Deflation can be a good reason for a currency to collapse: when everybody defaults on their debt... Nonetheless, I was surprised to see that only 2% of people were bullish on the USD, so I took half of my profits on my short USD position. Mike, don’t get me wrong, I very much appreciate what Prechter is doing and saying. I’m just saying that it’s not going to become true with a 100% accuracy.
Also, I will make yet another post about this inflation/deflation debate, but my main point is: deflation is here, but Bernanke and the feds/us gov and gang would rather destroy the dollar that just sit and do nothing.
Deflation can be a good reason for a currency to collapse: when everybody defaults on their debt…

Nonetheless, I was surprised to see that only 2% of people were bullish on the USD, so I took half of my profits on my short USD position.

]]> By: Mike http://sovereignspeculator.com/2009/08/11/tour-des-charts/#comment-5121 Mike Wed, 12 Aug 2009 05:18:20 +0000 http://sovereignspeculator.com/?p=2617#comment-5121 Guys, enough with the lectures about Prechter not being an oracle. Who is? Sure, Shilling called it well, but so did Mish and a few others. And so did I for that matter, and I had never read a thing by Prechter until early 2008, by which time I was hugely short. I actually should thank Hussman, because he mustered the data back in 2006 that a recession and bear market were on the way. Of course, I also learned a few things from Schiff, but then by reading Mish I came to understand the mechanics of deflation. That logic I found impeccable, so by late '07 I was solidly in the deflation camp, which then lead me to Prechter. Too many guys have a knee-jerk reaction to the man just because he was early, but I don't know anyone better equipped to handle these times. And no, he didn't say the rally was over in June -- I don't know where you got that. He's been pretty clear on 1000+ and summer/fall. Guys, enough with the lectures about Prechter not being an oracle. Who is? Sure, Shilling called it well, but so did Mish and a few others. And so did I for that matter, and I had never read a thing by Prechter until early 2008, by which time I was hugely short.

I actually should thank Hussman, because he mustered the data back in 2006 that a recession and bear market were on the way. Of course, I also learned a few things from Schiff, but then by reading Mish I came to understand the mechanics of deflation. That logic I found impeccable, so by late ‘07 I was solidly in the deflation camp, which then lead me to Prechter.

Too many guys have a knee-jerk reaction to the man just because he was early, but I don’t know anyone better equipped to handle these times. And no, he didn’t say the rally was over in June — I don’t know where you got that. He’s been pretty clear on 1000+ and summer/fall.

]]>