Today, on the radio, I heard the following gem "Most economists agree that tax rebates are one of the fastest ways to lift consumer spending. They also agree that stimulus measures are most efficient when aimed at low-income or middle-income people, because they are more likely than affluent people to spend any extra money rather than save it".
Yes, the politicians are telling us that we have no self control and we are just a bunch of spending serfs. Yes, give the lower classes money and they will spend it.
They suck.
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5 comments:
Im gonna git me one of those flat screen tvs with my federal check. they look mighty neet to me. Uncky Sam is so good to us regular folks.
Hi John,
Thankyou once again for your time and effort it is very mush appreciated .You should teach John I beleive that is where your talent is.
However John I would really appreciate if you could do me a favour and this would be of great benefit to everyone as well.On the Kitco web site if you go to the gold forum there is a person who goes by the name of Cycist ,Is seems to be extremely intelligent and spot on with the markets and has indepth analsis ,could you please go and read what he is saying (Especially today 18 january 08 ) I do not fully understand what he is saying and would be very grateful if you could "translate" and give us your insightful comments.
Thankyou again,look forward to your next post & video.
John,
Read the articles anonymous referred to on gold. I agree that gold may initially jump to $1600 but could just as easily go down the tubes with equities. Only a fool would be anywhere but cash right now. However, I have some money in government bonds and a fixed equity fund that I think will be largely immune to this mess. When the rating agencies finally properly rate the credit from the insurers, it will truly hit the fan and everyone will get hit. I agree it is coming soon. Personally, I would be out of gold right now as well.
Hi John,below are some of Cyclists comments on the Kitco gold forum,
sure would love your translation and take.Sorry it is so long.
Thanks again for your time and wisdom John.
Kitco(gold forum )1-17-08.written by cyclist
"We are getting in the year of stagflation,the world still needs oil more than ever before or food for this matter.The discretionary pie will be more leaning to food and energy.Both will go short and be short of in the coming years.
With the war still raging in the ME and costing the treasury dearly ,the grab for resources is still going on and won't be cheaper down the road.
The only thing will take us down to the deflationary path if the world lost a third of its population through a raging global flu else it will be the destruction of global currencies that will set us up on the road to an inflationary spiral."
Kitco(gold forum )1-18-08.written by cyclist
"The 22nd the market would then through the FED being forced to cut,go for a sharp bearmarket rally.Depending on the cut it will reach a high the 30th
as per cycle projection.Gold will make a run in earnest as from the 31st of January taking with the juniors for a two to three week run.After we wil see a pull back into April with the commencement of the 5th wave into June.
Stay with your juniors and hedge with HGD."
Kitco(gold forum )1-18-08.written by cyclist
"I think all markets will respond to the monetary stimulations including goldstocks in particular till June.I think 1600 for gold is archievable
by June with a possible decline into the 1000 by November.The main market
will get hit most severely then the currency destruction will start in earnest.
All currencies on aglobal scale will be classified as fodder ,destroying the bond market in the process.This will be a gigantic wealth transfer from the
pension and insurance funds.How coincidental that the boomers will have their nest eggs robbed by their governments.The final straw"
"Kitco(gold forum )1-18-08.written by cyclist
"physical gold made a double bottom at 870 ,HUI made a bottom at 423.
gold will give the signal what kind of a rate cut is forthcoming,3/4 would be the ticket for the rally"
John this is quite a good article on GW Bushes visit and talk with the saudis regarding Oil supply,-quite revealing,again what is your take/
http://www.contraryinvestorscafe.com/guest_article.php?id=106&aid=516
Link above, and thanks John.
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