DEFLATIONary RECESSION

Posted by MC on Nov 18, 2008

The way all commods are tanking with the paper markets and USD is strong points to no fear of inflation in the market and backs my thought that we are in a deflationary period. They could “print” tons more money/debt and still not cause real inflation because so much of our perceived money supply has been lost on housing values and investments unwinding.

This tank job was catastrophic for those near retirement but for the younger folks like myself this is what will likely secure my not needing to eat dog food in my later years.  


The US is all an illusion…

Posted by MC on Aug 24, 2008

Here’s a rant I wanted to post for awhile. Call me wacko if you wish. ;)

It’s all make believe here in the US…roads, bridges, monuments, hospitals…everything has been created by fiat bullshit currency. It’s funny what the US has done on loan more less…a loan they could never possibly pay back. Look at the vast empire we’ve built here…all on a farce. Yet it’s done and here to stay so it’s tangible.

The US is perhaps the most crafty, conniving nation in the history of the world. The country with the biggest GDP and most workers/output can conquer all with what fiat and fractional lending has done for the US. The fact that our currency is…scratch that HAS collapsed (more less) and is backed by air is proof that they have paid workers in defaulting IOU’s it would seem. I’m beginning to wonder who the idiot is here though. Me who tries to live within my means while saving shrinking USD along the way, or the frivolous people? They are imitating what the US has done and which has worked so well to build an empire. They are buying things they can’t afford just as the US government does decade after decade. I seemingly will have nothing left as the USD becomes stretched further and further thanks to inflation devaluing my unbacked savings vehicle. Those that drink their paychecks away will at least have had fun doing it. Those that are spend happy will have tangible items where I will have defunct currency in a defunct bank account. As they say…live & learn right? ;)

Rant back on the forum…please. I love to rattle cages and provoke thoughts. If I can turn just 1 person on to become a free thinker I’ll be a happy man! :)

http://www.tradersbase.com/forum/general-discussion-misc/751-us-all-illusion.html#post4414


Did you catch these TB Silver shorts?

Posted by MC on Aug 15, 2008

Toot Toot!
I had to toot my own horn on my 2 silver shorts (red circles) called here on TB. Targets worked out very well also.

 

The 200ma/structure support would have provided a safe shot at a long with a tight stop this last go round. BUT my bias was short based on how many times it had tested the $16.50 level and the USD move.


Dollar strong

Posted by Cire2222 on Jun 3, 2008

Just last night I posted about the Dollar being a key market right now and boy did it make headlines today. Fed Chief Ben had some hawkish words on inflation and the market now thinks the rate cuts are over, the fed fund futures are even pricing in a chance of a rate hike.  The EUR/USD was the best spot to be as a dollar bull just like I mentioned last night. I also like the USD/JPY pair  but I do not like its intra-day correlation to the stock market with this recent weakness. The USD/JPY didn’t give me the close I wanted but I continue to think it will move higher.  The dollar and oil should continue to be key markets for now.


Youtube uploading down again

Posted by Cire2222 on Apr 2, 2008

Youtube’s uploading is not available again tonight and im not sure when it will go back up, I did a video and will post it ASAP.  For now Ill give you a quick run down. S&P is sitting right near resistance, if we gap down on the futures below 1365 then go with it the gap and short, If we open up flat you can take a long in an attempt to catch a breakout move past that trendline.   Gold Had a little bounce today, I think if we get a move up tomorrow in the 915-920 area i would see it as a decent short entry.  I think EUR/USD has topped for now, Any shorts taken here should have stops at the highs.  USD/CAD is still range bound and I still think it is a long for now.