soft one Posted June 23, 2003 Report Share Posted June 23, 2003 We shall see.... By the way, I like your avatars more than I used to. Link to comment Share on other sites More sharing options...
brian4 Posted June 23, 2003 Report Share Posted June 23, 2003 Markyou may well be right that a bounce is in our future however B-4 that we are going down-anyone long Monday buckle up-you are about to have a religous experience. trade safe! Link to comment Share on other sites More sharing options...
crooked_analyst Posted June 23, 2003 Report Share Posted June 23, 2003 Well Stoolies....I have added a new little Stoolie to "The Family".......a little girl...8 lbs. 12 oz....she's awesome but Misses Crooked had some complications....gonna be okay in a few days.....Could you all welcome her in with a NASTY DOWN MONDAY and teach her the finer things in life! Link to comment Share on other sites More sharing options...
strikerm3 Posted June 23, 2003 Report Share Posted June 23, 2003 Markyou may well be right that a bounce is in our future however B-4 that we are going down-anyone long Monday buckle up-you are about to have a religous experience. trade safe! How can you tell that? futures arent even down....tuesday and wednesday should be the interesting ones. Tomorrow seems like a whipsaw bore fest to me....hope Im wrong Link to comment Share on other sites More sharing options...
BigWave Posted June 23, 2003 Report Share Posted June 23, 2003 Well Stoolies....I have added a new little Stoolie to "The Family".......a little girl...8 lbs. 12 oz....she's awesome but Misses Crooked had some complications....gonna be okay in a few days.....Could you all welcome her in with a NASTY DOWN MONDAY and teach her the finer things in life! Congratulations...thoughts and prayers with you and your family. Link to comment Share on other sites More sharing options...
Stutz Posted June 23, 2003 Report Share Posted June 23, 2003 What would be the point? He has built his theroy on what the cause is... Which is mismanagement by the inflationists or Alan Greenspan or some other scapegoat. End of story... His discussion of the effects and his knowledge of the mechanics of credit is good enough...He ain't telling anyone that the streets are paved with gold or that we are on the verge of a new glorious economic age...So no sense bickering with him over it... The purpose of my post is to expose the cause... Doug makes it sound like the cause is the people operating the system when in fact it is the system itself...and if in the post Doug is made out to look foolish...big deal... We are all going to be fools soon...wishing we did something before it was too late. The only thing that comes to mind as being worse than a hyperdeflationary implosion of debt...is an astroid impact. Most likely Doug has structured his presentation so as not to sound like a raving lunitic or worry people too much. Realistically the path we are on is grim beyond belief Everytime I think about it I just can't believe it...But I've been searching for a year now for the answer as to why it can't happen...Unfortunately the answer is that it going to happen, soon, there is no way to stop it, and even gun nut bunker 10 years supply of spam preperations might not be enough to survive it... The great depression was an application crash, ctrl-alt-delete, and it was patched... This event is a system crash...Blue screen of death...Hard boot. During the 30's consumer credit was a small part of the total economic system. Now it is the system. Uncle Tig, I'm sacred. Tell me about the astro-roid instead. :shocked EDIT: Sacred, scarred, yeah right, one of those. Link to comment Share on other sites More sharing options...
strikerm3 Posted June 23, 2003 Report Share Posted June 23, 2003 Missileanus? stool cities...whats that? Link to comment Share on other sites More sharing options...
BartTheBear Posted June 23, 2003 Report Share Posted June 23, 2003 Well Stoolies....I have added a new little Stoolie to "The Family".......a little girl...8 lbs. 12 oz....she's awesome but Misses Crooked had some complications....gonna be okay in a few days.....Could you all welcome her in with a NASTY DOWN MONDAY and teach her the finer things in life! Congrats on your new addition! Link to comment Share on other sites More sharing options...
Whadda I Do Whadda I Do Posted June 23, 2003 Report Share Posted June 23, 2003 Atta boy...er...I mean Atta girl! Crooker A. I'm sure the wife will be fine. Link to comment Share on other sites More sharing options...
Oilman Posted June 23, 2003 Report Share Posted June 23, 2003 Congrats CA, the reason why we work. Oilman Link to comment Share on other sites More sharing options...
brian4 Posted June 23, 2003 Report Share Posted June 23, 2003 anal cyst- Congrats on the new addition-stop worrying about the market ENJOY your new gift. I'm a Grandpa 3 times over the joy never ceases. Stryker- both Spoo's and Naz crap are BELOW fair value as i said earlier futures closed at a discount to cash watch them sell cash and buy the futures- trade Safe! Link to comment Share on other sites More sharing options...
Stutz Posted June 23, 2003 Report Share Posted June 23, 2003 Hypertiger, I find the logic of your Deflationary Depression Thesis unassailable. We are doomed to an economic collapse either very soon, or maybe after one more round of reliquification. The question I have is... how bad will it really get? You've implied in the past that it will be so bad that we will be reduced to near animal status complete with starvation, plague, war, etc. I'm not so sure. The bottom line is that at it's base, a civilization needs the means to feed, shelter and clothe it's population. Electricity, sanitation, and a communications infrastructure would be nice to maintain as well. Everything else is a luxury. In the worst case scenario, I could see the collapse of most non-essential service industries and massive unemployment. No more massage parlors, cappucino machines, fast food, or $150 million dollar Hollywood productions. No more Medicare, Social Security or NASA. But even with a total economic collapse resulting in 30, 40, 50% of the population unemployed, we should still be able to feed everyone with a combination of technologically advanced farming and some sort of socialistic food redistribution. After all, it takes very little effort to effectively feed the population. In 1900, 90% of the population was farmers. Thanks to technology it's now 2%. Clothing, energy and sanitation aren't really that expensive either, especially if environmental regulations are relaxed out of necessity. How poor can a technologically advanced society get when there is plenty of viable farmland available? There really is no historical model for comparison. Russia may be a possible outcome, but Russia never had the advance farming and food processing infrastructure that we have here because capitalism was never let loose there to build it. Japan isn't a good analogy because they do not have the natural resources that we have. Argentina was never really an advanced economy to begin with. Oil is the key. Modern, post 1933 America is quite literally founded on oil. For instance... X number of Farmers with horse/mule-drawn plows could have fed Y number of Americans circa 1933. But the same calculus doesn't work 2003 - duh, what's a mule? somebody that carries dope, of course! What follows is creative destruction. Nobody said it was pretty. That's why Keynes is a household name and von Mises is obscure. 999 Link to comment Share on other sites More sharing options...
crooked_analyst Posted June 23, 2003 Report Share Posted June 23, 2003 Many tanks....This little one was not planned and my wife and I were rather unsure of what to think or do....we have an 18, 17 8 1/2 and a newbie....she's beautiful and she is a gift.....the Market is a game and she is the real deal....Best to all of you. Link to comment Share on other sites More sharing options...
Wahoo Posted June 23, 2003 Report Share Posted June 23, 2003 Where is everybody?? I'll tell you where they are. Everyone has temporarily retired like Torah Man and is back to living a normal life, or looking for long plays at RagingBull.com Everyone is sick and tired of being a bear, seeing the futures jammed, the Nikkei in a perpetual meltup, gold getting slammed, and the dollar being powerjammed by the BOJ every night. Sick and tired of hearing hapless old timers like Zapata George getting Repo Blasted out of his shorts at Marketviews. Sick and tired of reading 10 newsletters and commentaries about how stocks should go lower and the consumer should collapse, yet the opposite happens. Roger Arnold's Sunday recent archives have also disappeared. What is a bear to do? Run and hide. I think Arnold archives are still there, just have to enter the URL directly Hour1 Hour2 Link to comment Share on other sites More sharing options...
mjkst27 Posted June 23, 2003 Report Share Posted June 23, 2003 it does seem like things are way too right with the world this weekend Link to comment Share on other sites More sharing options...
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