By: dr.xingli
14/06/2009
7:28 am |
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By: codecc
13/06/2009
2:24 pm Yahoo! Profile:
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| I totally agree with you mentawaisurf. It will be global deflation and not inflation or hyperinflation. There will be no hyperinflation in the US. There will instead be a drawn out deflation lasting 3 to 5 years or even possibly longer. |
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By: glh40
12/06/2009
5:38 pm Yahoo! Profile:
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Tuesday, June 9, 2009
Royal Canadian Mint ordered to call in RCMP over missing gold
The federal government has told the Royal Canadian Mint to call in the RCMP to help find its missing gold and silver.
Rob Merrifield, minister responsible for the mint, told the House of Commons Tuesday he has instructed the agency to seek assistance from the Mounties.
The Toronto Star reported Tuesday that auditors are trying to track precious metals, believed to be gold, worth in the "double digits" of millions.
The mint won't say how much might be missing, but auditors are already probing a discrepancy between the value of the precious metals on the mint's books and the stockpile on hand at its Ottawa headquarters.
Mint spokeswoman Christine Aquino said last week the discrepancy could be anything from a heist to sloppy record-keeping.
She said an unprecedented demand for gold in 2008 put pressure on the mint's internal control systems, which led to the "unreconciled difference" between the gold on hand and the value recorded in the mint's books.
http://www.cbc.ca/canada/story/2009/06/09/missing- mint-gold060909.html
As they search the Vaults to gather the gold for Germany and UEA countries (which want their gold back NOW ),.... You will find that the Canadian Mint is not unique and I've read that other depositories have had an army of auditors descend on them in the last two weeks.... coincidence ? The repercussions will be drastic Once the World realises the Gold is Gone also from Fort Knox.....I also see Interest rates are on the rise @ CBA as I allured to recently . |
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By: mentawaisurf
12/06/2009
4:56 pm Yahoo! Profile:
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Virtually every pundit seems focused on the imminent threat of inflation and even hyper-inflation. As the saying goes, "When everyone is thinking the same - no one is thinking."
Market history has shown that if something appears obvious, then the market will obviously surprise.
During the early years of the Great Depression many influential experts warned of imminent inflation even as prices continued to deflate. As the economist Ralph Hawtrey later wrote, "Fantastic fears of inflation were expressed. That was the cry - Fire, Fire in Noah's Flood. It is after depression and unemployment have subsided that inflation becomes dangerous." |
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By: glh40
12/06/2009
4:49 pm Yahoo! Profile:
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06/08/2009 15:18
ASIA – ITALY
US government securities seized from J@panese nationals, not clear whether real or fake
Bonds worth US$ 134.5 billion are seized. This is the largest financial smuggling case in history. But are they real? Concern over ‘funny money’ or counterfeit securities is spreading in Asia. The international press is silent.
Milan (AsiaNews) – Italy’s financial police (Guardia italiana di Finanza) has seized US bonds worth US 134.5 billion from two *** anese nationals at Chiasso (40 km from Milan) on the border between Italy and Switzerland. They include 249 US Federal Reserve bonds worth US$ 500 million each, plus ten Kennedy bonds and other US government securities worth a billion dollar each.
Italian authorities have not yet determined whether they are real or fake, but if they are real the attempt to take them into Switzerland would be the largest financial smuggling operation in history; if they are fake, the matter would be even more mind-boggling because the quality of the counterfeit work is such that the fake bonds are undistinguishable from the real ones
The fear of counterfeit bonds and securities has spread across Asia with the result that real securities are also considered with suspicion
http://www.asianews.it/index.php?l=en&art=15456&si ze=A
Funny Money
Think about the implications if these are Real! It is even more so than if they are Fake!.....Buy Gold if you can find it..... BUT make sure it's not counterfeit ;) |
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By: communists.are_evil
11/06/2009
10:08 pm Yahoo! Profile:
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The corrupt and evil communist Chinese are now focusing on acquiring all that we have.
We must defend what is ours and say NO to those who would steal our natural resources, corrupt our oficials and bribe our leaders.
Say no to the communist Chinese before it is too late and all that is left is debt. |
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By: mentawaisurf
11/06/2009
10:01 am Yahoo! Profile:
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Naturally there is money to be made on both rising and falling markets - that's the nature of the market. While not crass enough to brag about the money I've personally made, going both long and short, as I've stated before this is a traders market - not an investors market.
Some still seem to believe that being bearish is akin to preaching 'doom and gloom'. But a bear is simply someone who considers the trend in prices will be down for awhile. If correct, the result is the opposite of doom and gloom. Selling near market peaks and then playing it safe brings prosperity, opportunity and peace of mind.
The bulls are the ones who have produced so much doom and gloom and misery for so many by advising to hang onto shares and not to sell their investments as the bear market unfolds. The bulls are still exhorting everyone expose themselves to further risk in the share and property markets which could lead to more gloom and doom for those who follow such advice.
Meanwhile, the prudent bears remain at peace in risk-free positions readying themselves for the incredible buying opportunities that will present near the ultimate market bottom. Given that unique era is still a long way off - then just who are the 'real doomsdayers'? |
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By: seveneleven64
11/06/2009
7:52 am |
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By: mentawaisurf
10/06/2009
6:47 pm Yahoo! Profile:
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711, that 'cheerful' news is all part of the primary degree corrective rally psychology (but of course you'd already know that if you had read those books as you claim). When the general consensus of pundits proclaim that 'the bull market is back' that's when you'll know we're near the peak.
Naturally, being familiar with EW you must have made a lot of money during the initial phase of the bear market throughout 2008. Also you'd be well aware that once this corrective rally exhausts the next wave of the bear market will be more intense and prolonged than the last. Given your expertise on the subject you certainly have nothing to worry about then. |
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By: mentawaisurf
10/06/2009
6:18 pm Yahoo! Profile:
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| But few know how to read the charts.... |
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By: lasty49
10/06/2009
5:07 pm Yahoo! Profile:
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Elliot waves, fibo's, macd's... These signals have been tried and tested.Sometimes they work other times they dont otherwise everyone would be on the same wave.
Menta, next time you are using a technical analysis tool to trade remember this:.. EVERY SUNKEN SHIP HAS A CHARTROOM .. |
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By: seveneleven64
10/06/2009
4:54 pm |
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By: seveneleven64
10/06/2009
4:45 pm |
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By: mentawaisurf
10/06/2009
4:30 pm Yahoo! Profile:
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Actually seveneleven64, I was bullish the market when so many of you were bearish near its initial bottom in early March (I did afterall post a message to expect a multi-month corrective rally at that time). Conversely, I'm becoming increasingly bearish as optimistic sentiment surges to near extreme levels.
For unique insight into what really drives the markets, and which forms the basis for the developing science of behavioural economics called socionomics, see this article (close any gaps);
http://www.elliottwave.com/freeupdates/archives/20 09/06/09/Why-Can-Stocks-Rise-and-Fall-So-Fast-Beca use-Investors-Herd.aspx |
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By: straightarrow34
10/06/2009
4:22 pm Yahoo! Profile:
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| Chinadoll, our resident expert on the Chinese economy, mentawaisurf, will dispute your China experience. Only a matter of a few weeks ago, he was telling all and sundry on this forum that 2/3rds of all of Chinas's factories were either closed or closing. You must have gone to the "other" China. |
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By: seveneleven64
10/06/2009
4:13 pm |
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By: mentawaisurf
10/06/2009
3:51 pm Yahoo! Profile:
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And unfortunately when consumer confidence peaks after its record run-up, that will provide the ideal conditions for a corresponding peak in this bear market rally which will be condusive to the record sell-off to come.
The media and most economists report falling inflation as a good thing. They believe it allows central banks the ability to further cut interest rates to stimulate demand and the economy. However, sustained price declines are a real threat because deflationary expectations lead consumers to defer purchases and defer taking on debt as asset prices continue to fall. This deflationary spiral results in further downward price pressure which exacerbates the asset deflation and debt deleveraging cycle. The major phases of this deflation are yet to play out around the world but should become more apparent over coming months. |
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By: chinadoll_b
10/06/2009
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| Last time I was in China in March people were shopping and spending everywhere and they were boasting about how much money they made on the stockmarket. They were also buying apartments, antiques and cars. |
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By: lasty49
10/06/2009
2:53 pm Yahoo! Profile:
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Consumer confidence at a 22 year high in Australia.This is very bad news for the Steve Keen supporters.
Menta
Your alerting us to the Chinese CPI fall of 1.4% would somewhat have a deflationary tone to it, however our friends at Bloomberg have kindly enlightened us to what this really means.
http://www.bloomberg.com/apps/news?pid=20601087&si d=acRGlYJ_GPO8 |
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By: mentawaisurf
10/06/2009
2:51 pm Yahoo! Profile:
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Deflation or Inflation?
Yield Curve Holds the Answer Typically.
A steep yield curve points to inflation? Not so this time;
http://www.elliottwave.com/freeupdates/archives/20 09/06/09/Deflation-or-Inflation-Yield-Curve-Holds- the-Answer.aspx |
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By: lasty49
10/06/2009
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"While food was not the major factor in last month's price formation in China, the price of pork, the most popular meat for the Chinese, declined by a steep 32 percent in May from a year earlier, the bureau said."
That may have something to do with Swine flu no doubt. |
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By: mentawaisurf
10/06/2009
2:39 pm Yahoo! Profile:
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China consumer prices down 1.4 percent in May
Wednesday June 10, 2009.
BEIJING (AFP) - China's consumer price index fell 1.4 percent in May from a year earlier, the National Bureau of Statistics said Wednesday, reporting the fourth consecutive monthly decline.
The consumer price index, the main indicator of inflation and deflation in the world's third-largest economy, was dragged down mainly by non-food items, the bureau said.
The index fell by 0.9 percent in the first five months of the year compared with the same period last year, according to the bureau.
May's consumer price index was virtually unchanged from April, when it fell 1.5 percent from the same month a year earlier.
The continued decline in consumer prices comes as China struggles with the most serious economic slowdown in nearly two decades, brought about by the global financial crisis.
The prices of non-food items fell 1.7 percent in May compared with a year earlier, while food prices were down 0.6 percent.
While food was not the major factor in last month's price formation in China, the price of pork, the most popular meat for the Chinese, declined by a steep 32 percent in May from a year earlier, the bureau said. |
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By: akdoc1
9/06/2009
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| rodneythesaviour; the government insured bank accounts were only insured for 3 years, time is nearly up. What happens if thing go bad like you predict, there will be no need for the government to give an extended period. The insurance was only introduced to stop a panic cash flow out of Oz. They won't renew it when it runs out, risk is too high and there is nothing to gain once the economy has crashed, then bang goes your deposit and you will be wishing you had rental income. |
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By: wealthforlife@rocketmail.com
8/06/2009
9:50 pm Yahoo! Profile:
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rodneythesaviour
You wont be selling the shirt off your back.It'll be getting ripped off.Like you will be,before they throw you in an old peoples home.Then what happens to your dollars.You'll be paying exorbitant care rates because you dont own your own home and have too many Dollars in the bank to qualify for subsidized care from silver chain.
> |
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By: rodneythesaviour
8/06/2009
9:29 pm Yahoo! Profile:
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Interest rates are indeed about to reach levels not seen for years!!
Yes indeed my fellow citizens.. We can only feel sorrow for those who would not see.. would not listen.. Those who rushed out to purchase property at prices, (such as those I charged for the properties I recently sold) which are not supported by the current economic conditions..
I was one of the lucky ones. I saw the writing on the wall and offloaded my properties whilst I might still make a handsome profit.
Now in retirement, I shall bathe in the warmth of the as interest rates grow and my deposits grow with them safely deposited in government insured bank accounts.
To those of you who still my doubt the words of steve_b_wilson and are hanging on to the assets you currently own in the hope that the value will be maintained despite the pending economic collapse...
I say --> Open your eyes and SELL!!
Or.. lose much more than your shirt in the months to come! |
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