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Re: It�s Time to Move to Cash! "Stop listening to the media for a minute," shouts Kee. "Just look at the charts."

By: Decomposed in ROUND | Recommend this post (0)
Mon, 10 Sep 12 6:31 PM | 44 view(s)
Boardmark this board | De's Test Board 		Msg. 43954 of 45651
(This msg. is a reply to 43948 by capt_nemo)
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re: "The bad news is that neither guy can do much to help, either.

"The macro economic environment tells us that we're in a natural state of weakness," Kee says in the attached clip. "It's natural, it's demographic, there's nothing you can do to stop it."

I was going to agree when I'd read only the first statement. I've said many times that even Ron Paul couldn't fix the economy at this point. The cliff lies an uncertain but not-very-far distance ahead, and we have SOOO much momentum carrying us toward it. We're going over. No informed, reasonable person can have doubt about that.

But the second paragraph is dead wrong. It's natural? It's demographic? Noooo. It was caused by irresponsible behavior... government and individuals who bought all sorts of things (junk, mostly) for which they didn't have the money. Now, we are all saddled with staggering obligations that must be paid. The huge payments we make in the debt will not yield us anything of value - so life gets more difficult now. There's nothing "natural" or "demographic" about it.

If we'd remained on the gold standard, we might not have lived as high on the hog as we did over the last hundred years, but we'd be far healther and would have a much brighter future than we do today.

Then again, I've been debt-free for about ten years and have found life to be VASTLY easier. I think it is possible that if we'd remained debt free as a nation, we'd have lived BETTER than we did. It's hard to say.
 




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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months


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The above is a reply to the following message:
It’s Time to Move to Cash! "Stop listening to the media for a minute," shouts Kee. "Just look at the charts."
By: capt_nemo in ROUND
Mon, 10 Sep 12 4:54 PM 		Msg. 43948 of 45651

Thomas Kee, editor of Stock Traders Daily has good news and bad news for Americans obsessing over the 2012 election. The good news is neither Mitt Romney nor President Obama can derail the economy. The bad news is that neither guy can do much to help, either.

"The macro economic environment tells us that we're in a natural state of weakness," Kee says in the attached clip. "It's natural, it's demographic, there's nothing you can do to stop it."

Kee has both a practical and fatalistic support for his argument. On the practical side, America's existing debt makes more real stimulus either a non-starter or futile. Existing debt makes turning on the stimulus spigot, either through deficit spending or cutting taxes, an increasingly unappealing option. Changing nothing or actually living within our financial means likely makes things worse, at least for the foreseeable future. Lose, lose.

Equity markets and the economy are only connected at the hip in the very long term. In the short run stocks can get crazy for no good reason at all. Kee says that's bad news for investors determined to "Buy and Hold" forever but an opportunity for the more nimble

http://finance.yahoo.com/blogs/breakout/time-move-cash-says-tom-kee-114934533.html?l=1

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