Some thoughts :):) Economics is an Art form that masquerades as a Science. As such there are many ways to interpret the same variables. Some here are successful: Chartists, Investors, Flippers, and Day Traders.
Why one would berate the other’s successful discipline is indicative of personal bias and severe integrity issues (imo).
Where is it written that an Art form ONLY has one interpretation???
To listen to Scaldy and Stinky is certainly informative.
Their lack of critical thinking and basic logic only exaggerates their sophomoric conclusions.
Thankfully; Stinky seems to have abandoned this forum.
Regrettably: Scaldy remains the empty drum that continues echoing.
(Do all his “ pant wetting “ comments indicate potty training Issues???)
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(Paraphrase/PL): …“Invest in a company that can be run by an idiot because eventually it will be…. “.
We now have a Banker operating Developing Mines! The Board must understand the astounding skill
set mismatch and seems to be desperately trying to ignore any critical changes.
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I watch the many TV commentators extoll the current Bull Market and make supporting judgments.
Their rosy predictions seem ( to me ) at odds with:
- European Youth unemployment > 25% ( = Summer Riots ),
- $85B/month Treasury purchases ( = $1 T/year Deficit),
- Margin accounts at their Leveraged 2008 highs,
- Forex competition to spiral lower National exchange rates,
- More Paper Gold, for Trading, than is produced,
- Stagnating Wages and very high Home borrowing Ratios,
- Continuous export of Production/Manufacturing to off-shoring,
- Systemic Support for: too-big-to-fail,
- Basel 111 setback another 2 years,
- No Balanced Budgets (anywhere!!),
- Hong Kong interests purchased London Precious Metals Index,
- Unprecidented Federal Open Window Policy for – JUNK,
- Inability to accommodate ANY rising Interest Rates,
- Government Formulas that include “ hedonic assumptions ” (= hyperinflation possible)
- Parabolic M1 money creation -- that Bankers then leave in Federal Bonds,,,,,,,,
This List has many more considerations but you may see a contrarian argument for all the rosy predictors. Fortunately; I can hold my nose and wait for “eternal’s” $30 Share bonanza.