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Economic "Doom" Mega thread

Discussion in 'Off-Topic' started by Reptile, Sep 20, 2009.

  1. Varmint

    Varmint NES Member

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    Wow, the Fed went even more dovish than the market expected. All rate hikes are now off the table, the Fed has given up completely the facade of being hawkish.

    Makes you wonder why the huge about face.

    The rally in gold and silver passed resistance though it needs to hold above $1310 and $16 silver tomorrow to close the month. The volume on this PM rally is pretty low so I think it may pull back. That might be the last buying opportunity.
     
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  2. rocket500

    rocket500 NES Member

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    I expect the huge about face is due to the expectation of a recession in 19 or 20.
     
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  3. Waher

    Waher NES Member

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    China's paper tiger economy is about to collapse. The Fed doesn't want a global panic when that happens.
     
  4. Varmint

    Varmint NES Member

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    While these are certainly headwinds, they were just as worrisome in October when the Fed said "everything's great, we're gonna raise 4 times next year", and again in December when the Fed said "everything's great, we're gonna raise 2-3 times next year." Now a month later it's "no more raises, and we might cut rates, or do QE. But everything's great!"

    What made them go 180 degrees in one month?

    Peter Schiff is happy as a clam, lol, having been predicting this since the first rate increase a couple years ago.
     
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  5. rocket500

    rocket500 NES Member

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    Like everyone else they are shitty at predicting the future, particularly the farther out they look.
     
  6. Reptile

    Reptile NES Member

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    PETER SCHIFF: FINANCIAL CRISIS BIGGER THAN 2008 INCOMING
    Says Trump’s election could only delay Fed policies for so long

    During his keynote speech at the Vancouver Resource Investment Conference, Peter Schiff said we are at the beginning of the end.

    The Fed appears to have paused interest rate hikes in order to save the stock market.

    The markets have reacted positively and a lot of analysts seem to think we’re out of the wood.

    But Peter traces the moves of the Federal Reserve all the way back to the first rate hike of December 2015 and shows how the central bank has put us on a path toward a financial crisis that will be bigger than 2008.

    Peter insists he’s been right about what would happen all along, it’s just taken us a little longer to get here than he expected.

    Peter Schiff: Financial Crisis Bigger Than 2008 Incoming
     
  7. peterk123

    peterk123

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    Excellent Video. He nails it.
     
  8. GM-GUY

    GM-GUY NES Member

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    MSNBC - busy talking down the economy, citing things that were worse under 0bama - but now are awful.

    Schiff has bad timing, but it’s coming.
     
  9. enbloc

    enbloc NES Life Member NES Member

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    Can a person be arrested for "animal husbandry"?
     
  10. headednorth

    headednorth NES Member

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    Ruger and AOBC has nice gains today. 4% and 6.6%.
     
  11. PennyPincher

    PennyPincher NES Member

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    The Big Government Show Must Go On

    For example, nowhere within the 82 minute State of the Union Address was there a single word of the country’s burgeoning $1 trillion budget deficit. Nowhere was there a word of the great $22 trillion national debt default that’s bearing down upon us like a savage hurricane along the Gulf Coast. Nowhere was there mention of the $122 trillion in unfunded liabilities, which includes the sacred cows of social security and Medicare.
     
  12. Coyote33

    Coyote33

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  13. Varmint

    Varmint NES Member

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    Good article, but i don't think the dollar will crash, because the rest of the world is borrowing just as much as we are. Gold will probably skyrocket though. The central banks bought more gold in 2018 than any year in history. They know what's coming.
     
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  14. GM-GUY

    GM-GUY NES Member

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    Another thing, we are dicking around with a CR to fund the government again, no mention of a budget.

    It’s all a distraction to keep people’s minds off the real crime, not a moral issue, not a fairness issue:
    DO A DAMN BUDGET - Yearly funding, everything on paper.
     
    Last edited: Feb 9, 2019
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  15. Reptile

    Reptile NES Member

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  16. PennyPincher

    PennyPincher NES Member

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  17. Reptile

    Reptile NES Member

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  18. Varmint

    Varmint NES Member

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    Treasury bonds are selling easily right now, interest rates keep dropping. The problem with the bond collapse theory is, what are you going to buy instead? Japanese bonds at 0.02% interest? Swiss bonds at -0.3%? Greek bonds at 3.9%?

    Schiff never seems to get that, it's all relative.
     
  19. Reptile

    Reptile NES Member

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    He encourages people to buy gold.
     
  20. Varmint

    Varmint NES Member

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    I know, and I do, I meant what are average investors going to buy? They’re not gonna buy gold, it has no interest. To them, the US Treasury still looks like the safest government bond, and the rate is higher than most of Europe.
     
  21. xtry51

    xtry51 NES Member

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    I agree this is the case. Personally I like to buy precious metals as a long term storage of wealth because I like the idea of holding something in my literal possession. That doesn't mean I only buy gold. I have a retirement fund.

    I tend to invest in longer scales when it comes to the market moving early out of rises and later into lulls. I am not aggressive now, as I am guessing the market will fall. I will flip back to aggressive at where I feel the bottom is after the next downturn. Again I'm guessing.

    I never count my investment money as real money. It is a bet with money I can spare. I like to pretend it doesn't really exist and won't until I actually pull it out to spend it
     
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  22. Reptile

    Reptile NES Member

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  23. headednorth

    headednorth NES Member

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    Not really DOOM-y and dont know if anyone's interested, but Ruger releases earnings tomorrow.
     
  24. GM-GUY

    GM-GUY NES Member

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    What Bull Crap reporting:
    US debt hits record under Trump, Republicans mum

    The Debt hit records under 0bama, GWB, Clinton, GHWB, Reagan, Carter, Ford and Nixon (and probably before that). The Dems were mum under 0bama, Clinton & Carter; the GOP were mum under the rest.

    It will continue like this until it can't - which I think is soon for many reasons.
     
  25. Chevy 2 65

    Chevy 2 65 NES Member

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    When will then be now? ............................Soon
     
  26. richc

    richc NES Member

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    Schiff keeps repeating the same predictions over and over. He'll be right someday, and wrong the rest of the time.

    Schiff has a financial incentive to push his agenda. Follow the money.

     
  27. djbradles

    djbradles NES Member

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    I do the 3 G’s for liquidity: Guns, Guitars, and Gold among other things.
     
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  28. djbradles

    djbradles NES Member

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    I almost sold at $1900+ a few years back but held out.
     
  29. headednorth

    headednorth NES Member

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  30. enbloc

    enbloc NES Life Member NES Member

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    You forgot "Garbanzos"...

    [​IMG]
     
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