tag:blogger.com,1999:blog-6492542366661862113.post4297343259940336747..comments2023-10-31T01:32:09.169-07:00Comments on The Housing Time Bomb: Ron Paul on the G-20 MeetingJeffhttp://www.blogger.com/profile/04450070920047311928noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-6492542366661862113.post-29324169121260350902008-11-15T16:17:00.000-08:002008-11-15T16:17:00.000-08:00Teddy great stuff.He seems to be the only guy in W...Teddy great stuff.<BR/><BR/>He seems to be the only guy in Washington that has a clue when it comes to economics.<BR/><BR/>I love listening to this guy. Keep em comin!Jeffhttps://www.blogger.com/profile/04450070920047311928noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-7685565959149172982008-11-15T16:12:00.000-08:002008-11-15T16:12:00.000-08:00There are more and more Ron Paul supporters all ov...There are more and more Ron Paul supporters all over the world ;)<BR/><BR/>http://pl.youtube.com/user/farmanntv<BR/><BR/>Hans J. Lysglimt (from Norway) interviewed RP during conference in USA (2 weeks ago)<BR/><BR/>http://pl.youtube.com/watch?v=KTO3OquFJ8A<BR/>http://mises.org/events/107<BR/><BR/>And quite new blog of another supporter (from Poland) who recommended RP's book several weeks ago ;)<BR/><BR/>http://jkm-januszkorwinmikke.blogspot.com/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-32999145247783071612008-11-15T16:01:00.000-08:002008-11-15T16:01:00.000-08:00Teddy Yikes!You usually don't hear a bigtime pigme...Teddy <BR/><BR/>Yikes!<BR/><BR/>You usually don't hear a bigtime pigmen say such things.<BR/><BR/>Their economist David Rosenberg must be getting in his ear. He has been pretty bearish the last few years.<BR/><BR/>He last research report was really bearish.Jeffhttps://www.blogger.com/profile/04450070920047311928noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-79316223160282294642008-11-15T15:53:00.000-08:002008-11-15T15:53:00.000-08:00interesting opinion about economy ;)"Merrill chie...interesting opinion about economy ;)<BR/><BR/>"<BR/>Merrill chief sees severe global slowdown<BR/><BR/>By Greg Farrell in New York<BR/>wtorek lis 11 2008 09:45<BR/>The global economy is entering a slowdown of epic proportions, comparable to the Great Depression, John Thain, chairman and chief executive of Merrill Lynch, warned on Tuesday.<BR/><BR/>Speaking at the firm's annual banking and financial services conference, Mr Thain said that while he was cautiously optimistic about the future of the financial services industry, he was not at all optimistic about the near-term prospects of the US economy and global markets.<BR/><BR/>"Right now, the US economy is contracting very rapidly. We are looking at a period of global slowdown, and a global slowdown in economic activity that affects everyone who participates in global markets," he told investors. "This is not like 1987 or 1998 or 2001. The contraction going on is bigger than that. We will in fact look back to the 1929 period to see the kind of slowdown we're seeing now."<BR/>"<BR/><BR/>http://tinyurl.com/66526zAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-44430975559725786242008-11-15T14:37:00.000-08:002008-11-15T14:37:00.000-08:00MintonThanksExactly. This is a tough one to figure...Minton<BR/><BR/>Thanks<BR/><BR/>Exactly. This is a tough one to figure out. I guess thats why I need to see some sort of bottom in oil before I pick some up.<BR/><BR/>One thing I have learned with trading is catch a falling knife usually doen't work out to well!<BR/><BR/>I think the low 50's might hold here for awhile unless the economy is completely collapsing(which is entirely possible).Jeffhttps://www.blogger.com/profile/04450070920047311928noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-70844323100626730122008-11-15T14:21:00.000-08:002008-11-15T14:21:00.000-08:00Jeff - very interesting points all round here but ...Jeff - very interesting points all round here but especially your comment about oil. That's actually almost exactly what I was thinking this morning. One part of me doesn't think they'll allow oil to go any lower, but on the other hand it's working as a kind of stimulus so the pressure on oil producing countries from RoW must be massive...James Bhttps://www.blogger.com/profile/13052914767131527583noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-73600650263374365432008-11-15T12:27:00.000-08:002008-11-15T12:27:00.000-08:00AnonYup.Thats my thesis as well. The timing of it...Anon<BR/><BR/>Yup.<BR/><BR/>Thats my thesis as well. The timing of it is the key. We still have a long way to go on many assets from a deflation standpoint. Housing is a perfect example.<BR/><BR/>Oil is getting interesting to me on the long side. Haven't picked up any DIG yet but I am getting close to pulling the trigger.<BR/><BR/>I can't do it until I see some type of bottoming though. <BR/><BR/>Iran was out pounding the oil drum today. They want a 1.5 million barrel production cut.<BR/><BR/>My thought here is OPEC won't go down without a fight. Given how bad this recession is it might not matter. <BR/><BR/>I will continue to watch.Jeffhttps://www.blogger.com/profile/04450070920047311928noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-78653801923349330152008-11-15T12:13:00.000-08:002008-11-15T12:13:00.000-08:00As long as the world economy is going down we will...As long as the world economy is going down we will have a deflationary environment. As soon as it will recover we will very probably see runaway inflation. At some point in time the US has to pay the piper for printing money like "On Sale" leaflets.Anonymousnoreply@blogger.com