Best Of The Best Share Discussion Threads

[traderabc] 26/6/2009 15:24

Beware of Zombies Wearing Lipstick
- The Casey Files -
by Louis James Senior Editor International Sepculator
June 25, 2009

Before last fall’s crash, our economic views here at Casey Research were regarded by many in the mainstream as being extreme and alarmist. Unfortunately, they were also another thing: correct.

Predictably, having been proven right hasn’t changed anything; Wall Street still pooh-poohs us as being part of the lunatic fringe. But that’s okay; while the Suits are wondering if they can back-date their stock options far enough if the economy doesn’t recover, we are poised to profit whether it does or doesn’t.

Personally, I think the U.S. economy has decayed from dead-man-walking status to that of a zombie in the grave. The jury is still out on whether or not the zombie will rise and stumble on for another year or two. That introduces a lot of uncertainty into the markets now, with everyone unsure of what will happen next.

[traderabc] 25/6/2009 14:36

Don't underestimate the importance of this.

Bilderberg 2009 Intel Already Proving Accurate


James Corbett
The Corbett Report
Thursday, June 25, 2009

Observers of the annual elitist confab known as Bilderberg have long known that plans discussed at the conference quickly become reality. In 2002, Bilderberg researcher Jim Tucker correctly predicted that the Iraq war would start in March 2003 (not late 2002, as many were predicting at the time). In 2006, Daniel Estulin correctly forecast the popping of the housing bubble and subsequent economic crash, a possibility that most talking heads in the corporate media were laughing at at the time. In 2008, Tucker forecast a dramatic drop in oil prices while most analysts were fretting about the possibility of $200 a barrel oil. Tucker and Estulin have proven so stunningly accurate in their predictions not because they have a crystal ball, but because they have sources inside the Bilderberg Group and other organizations where financial oligarchs and their political puppets make decisions about our geopolitical future.

2009 is not even half over, but it seems the forecasts made by both Estulin and Tucker based on their 2009 Bilderberg sources are already proving to be accurate. In a phone interview conducted as this year’s conference was getting underway in Greece, Daniel Estulin warned The Corbett Report that the powers that be were preparing to run up the stock market one final time in order to draw the masses back into investing before crashing the market. Now, a worrying new report suggests that this is precisely the case as corporate executives start ditching their stocks at a rate not seen in years. Watch an excerpt from the interview in the video player below:

[traderabc] 25/6/2009 14:35

I'm losing faith in this guy, his support of the central bankers is baffling and deflation is the logical conclusion to a period of inflation.

Warren Buffett to CNBC: U.S. Economy In “Shambles̶1; .. No Signs of Recovery Yet


Alex Crippen
CNBC
Thursday, June 25, 2009

In a live interview on CNBC today, Warren Buffett said there has been little progress over the past few months in the “economic war” being fought by the country. “We haven’t got the economy moving yet,” he told Becky Quick.

While the economy is a “shambles̶1; and likely to stay that way for some time, he remains optimistic there will eventually be a recovery over a period of years.

[traderabc] 25/6/2009 08:59

Something for you Dutch.

Moody's? Weren't they one of the credit rating agencies who helped legitimise sub prime fraud??


Moody’s Says World Has ‘No Credible Alternative’ to U.S. Dollar


Keiko Ujikane and Jason Clenfield
Bloomberg
Wednesday, June 24, 2009

Moody’s Investors Service said the dollar’s unchallenged status as the world’s reserve currency is supporting U.S.’s Aaa credit rating even as the nation’s budget deficit is set to quadruple this year.

“In the absence of a credible alternative it’s hard to see abrupt changes and that’s not even in the interest of the creditors,” Pierre Cailleteau, managing director of sovereign risk at Moody’s, said in an interview in Tokyo yesterday. The credit rating “remains solid,” he said earlier at a briefing.

[traderabc] 25/6/2009 08:52

I think this may be an older one, but I don't think I've put it up before.

Wednesday, June 24, 2009
Jim Rogers America as we know it is Over !!!

Jim Rogers interviewed on Money matters by Mary Caraccioli on bailouts , why he sold his New York mansion when the real estate market was still booming and moved to Asia , obama stimulus and deficits the trillions od dollars blown in the air , bailing out incompetent with working honest citizens taxes so that some wall street broker keeps on driving their maseraties , zombi companies and banks

[traderabc] 25/6/2009 00:39

Worth the read.

Devolution: 20 Predictions (June 23, 2009)
Charles Hugh Smith


As cities, counties and states default on their obligations and unemployment insurance runs out, devolution sets in.


While some see a collapse of society in our future, right now I see devolution, not revolution. Devolution is both the process of degeneration and the surrender of governmental powers from central authorities to local authorities.

[traderabc] 24/6/2009 10:46

U.S. Home Prices Drop 6.8 Percent in April as Foreclosures Rise


Brian Louis and Kathleen M. Howley
Bloomberg News
Tuesday, June 23, 2009

June 23 (Bloomberg) — U.S. home prices fell 6.8 percent in April from a year earlier as rising unemployment and record foreclosures kept buyers out of the market.

Measured monthly, the average price fell 0.1 percent from March, the Federal Housing Finance Agency in Washington said today. The number was projected to drop 0.4 percent in April, according to the median forecast of 15 economists in a Bloomberg survey.

The housing slump has reduced the median price of an existing home 26 percent from the July 2006 peak, pushing affordability to near record levels. Prospective buyers are now being constrained by rising mortgage rates, the highest unemployment since 1983 and concern the housing rebound will be anemic.

[traderabc] 23/6/2009 15:51

Insiders Exit Shares at the Fastest Pace in Two Years


Lynn Thomasson and Michael Tsang
Bloomberg
Tuesday, June 23, 2009

Executives at U.S. companies are taking advantage of the biggest stock-market rally in 71 years to sell their shares at the fastest pace since credit markets started to seize up two years ago.

Insiders of Standard & Poor’s 500 Index companies were net sellers for 14 straight weeks as the gauge rose 36 percent, data compiled by InsiderScore.com show. Amgen Inc. Chairman and Chief Executive Officer Kevin Sharer and five other officials sold $8.2 million of stock. Christopher Donahue, the CEO of Federated Investors Inc., and his brother, Chief Financial Officer Thomas Donahue, offered the most in three years.

[traderabc] 23/6/2009 10:14

This is good.

Monday, June 22, 2009
Jim Rogers on Agricultural Commodities

Jim Rogers on Agricultural Commodities Crude oil prices sugar lead cotton gold silver copper , agricultural product wheat farming fertilizers ethanol production , corn , ethanol is not going to solve our problems Jim Rogers says ..., bio fuels , if everybody plants corn the price of cotton will shoot to the roof , there were no major oil discoveries so logically the price of oil has to go to $100 and $150 says Jim Rogers , ex oil exporters are now pure importers like Malaysia UK Indonesia etc...Jim Rogers pointed out that there are 3 billions of Asians who are willing to conduct the same life style as in the west this will drive commodities prices to the sky as there will be more demand for food , oil cotton sugar coffee etc....

[traderabc] 22/6/2009 18:13

'your hero is a bit late with that with that China call btw traderabc'

I first heard his China 'call' about 8 years ago. So he was a bit early if anything.


'In my opinion you are a mental case. This thread is evidence of that opinion.'


If that is the case, what are you doing on this thread?



Talking of mental cases, look at this fool...




View 'tomkin's Profile

[tomkin] 22/6/2009 17:59

your hero is a bit late with that with that China call btw traderabc

perhaps I should appear on Youtube as an investment guru?

[tomkin] 22/6/2009 17:55

Nothing wrong with opinions traderabc, just don't declare them to be "the Truth".

In my opinion you are a mental case. This thread is evidence of that opinion.

[traderabc] 22/6/2009 17:52

Investment guru Jim Rogers :
Forget commodities gold and silver , investment guru Jim Rogers says that his new priority is his two daughters. The eyes of this author, professor and traveler are firmly focused on the success of China. Even his five-year-old speaks Mandarin. Jim says that the best investments in the future is learning Chinese knowing Asia , the money is now in Asia all creditor nations are in Asia , , Asia is the future according to Jim Rogers the Indian Jones of Investors and the King of Wall street

[traderabc] 22/6/2009 17:51

But you go further and infact add your believe into the truth.


Yes I do, but that is opinion, and there is nothing wrong with having one.
I have posted both facts and opinions, it's up to you what you believe as it is up to me what I believe.
I just don't subscribe to the view that opinions should be kept to yourself, I say it as I see it. I may be wrong or right, usually the passage of time proves it one way or the other.

[dutch alert] 22/6/2009 17:40

In fact usually it is

If you stop with this we agree. But you go further and infact add your believe into the truth. So it change into your truth and has nothing to do with facts.

[traderabc] 22/6/2009 17:11

Telegraph, finally the mainstream media 'discover' this story.


Is this the death of the dollar?


Edmund Conway
London Telegraph
Monday, June 22, 2009

After two smugglers were stopped last week with what at first appeared to be $134bn in US state bonds, the tension and paranoia surrounding the fate of the dollar hit a new high.

Border guards in Chiasso see plenty of smugglers and plenty of false-bottomed suitcases, but no one in the town, which straddles the Italian-Swiss frontier, had ever seen anything like this.

[tomkin] 22/6/2009 12:19

the problem with arguing with "Truthers":



"Complete lack of skepticism

Creationists and truthers will believe anything which supports their beliefs and any source which agrees with them. When a rational person hears a claim that seems unlikely he will demand a level of evidence that is proportional to the unlikelihood of the claim. One of the things that's often overlooked when considering evidence is our own experience and knowledge about how things work. If something doesn't sound right then it's usually because it contradicts your own experience or knowledge. Such claims should be challenged.

This doesn't happen among creationists and truthers, though. They want to believe something, and so they will blindly accept any claim that supports it without a shred of evidence. Then they will repeat that claim to you and insist that you accept it as well. Did you know that the towers fell at free-fall speeds? Oh, wait. They didn't. But people keep saying it. Why would they say something that not only sounds wrong, but is easily debunked? Because they don't ever bother to check. They lack the skepticism necessary to even bother challenging these assertions. "

"Debate Methods of Creationists and 9/11 Truthers"



Information Overload

Perhaps the most powerful tactic used by creationists and truthers alike is what I like to call "information overload". This is when your opponent makes so many claims that you can't possibly refute them all. Instead of presenting a few well-supported arguments with enough evidence to pass muster, they will throw a thesis at you with more bogus claims than you can count.

As an experienced debater in the given topic you might think that you can easily whip up a reply to every one of these. After all, you've heard it all before, right? Guess again. It doesn't matter how much you know about the topic, they will invariably come up with claims you have never heard before (see "(In)credible Sources" and "Unsupported claims"). Thus in order to properly refute all of these claims you have to devote considerable time to research them. Even if it only takes a few minutes of Googling to find a solid refutation of a claim, there were 20 more where that one came from. Do you have 20 minutes to respond? Probably not.

Most likely you will respond to the main points and gloss over the ones you don't think are important. After all, if you show them that their strongest points are invalid then maybe they'll reconsider their weaker ones. Unfortunately it doesn't work that way. They will notice any point you failed to address, no matter how minor, and pounce on you for "not addressing" their arguments. In their eyes you have failed to refute anything because you failed to refute everything.

If you do manage to find the time to respond to every point then it's not over. While you spend time coming up with a logical response with the proper amount of supporting evidence, they don't suffer from that limitation. They'll respond with more nonsense in short time. They will revert to bad logic to dismiss your refutations, then throw out a slew of new claims that you will be expected to once again research and refute. This cycle continues indefinitely. At some point you will either stop responding to every claim (see above) or, seeing the futility of your efforts, give up entirely. At this point your opponent will declare victory.

What should you do?

I don't have any answers here other than "don't get involved". You can't win a debate against people who don't follow the rules of debate. People who don't have any respect for concepts like using credible sources, making verifiable claims, and following the rules of logic just cannot be reasoned with. All you are doing is wasting your time and probably raising your blood pressure. Let these people live in ignorant bliss and find someone intelligent to talk to.

[traderabc] 22/6/2009 12:17

Ron Paul Slams Federal Reserves New Dictatorial Powers 6/18/2009

[traderabc] 22/6/2009 11:52

Here's a 'truther', telling the ..... truth!