I decided to split off my postings of economic links from Jim's Thoughts, so that I can get that topic back to what it was intended to be, a place for me to post trading ideas and thoughts I had that I felt could be of interest to the readers.

This topic is where I will post links to various economic articles, for those that find them interesting. If you want to read (or post) articles about the unfolding debaucle, this is the place to look. If you are a short-term daytrader or swing trader and have zero interest in the economy, you can now just read Jim's Thoughts and not have to wade through this type of dicussion.

At best I think this material only has a direct effect on longer-term plays, the bigger swings that make up the major legs of the bull and bear markets. I follow this stuff for that reason, and because I want to have a handle on things, if that is even possible in this era of lies and deception, so that I can make decisions on life issues.

For example, as I posted in the commentary on the website and discussed with many people well in advance, this was something that wasn't hard to see coming. I saw many people who told me as late as Oct 2007 that 'this thing is about to 'break out' to the upside, and that Dow 20,000, and then much higher, was 'just around the corner' '. The type of articles I am posting discuss the type of information that helped me form the viewpoints I had back then.

If this is far from over, as I suspect, we are in a similar postion now as back then. With the rally that is unfolding right now the talk is the bull is back, the bottom is in, and we are set. I'm not so sure. So, I try to weigh up all the factors and not get too sucked in by the hype. To that end, I will post things here I find interesting.

It seems as though no one even cares any more about what is going on. Maybe they just feel so powerless to do anything about it, I don't know. But, it seems like most people never even cared to understand any of this at any time. Anway, here is the first person I've seen that agrees with my contention that the risk of meltdown is higher now that a year ago. I mean, where did that almost a quadrillion dollars in derivatives go? The answer is they didn't go anywhere, they are still right there. We haven't deleveraged hardly at all. The problems are still there, they are just covered up and everyone goes about their way thinking we are great now, and the market runs up, and a big asteroid is headed right for the earth as we all celebrate...

http://www.zerohedge.com/article/janet-tavakoli-why-meltdown-risk-now-greater-it-was-2007

This sums up my views on the underlying fundamentals quite well, and resulting market decline. But, somehow I still wonder if a full debasement of the currency and concomitant currency crisis won't be the choice they make instead... But people have to understand, for the market to go up more here they have to take out the USD support levels and risk a total collapse and currency crisis the likes of which you can't imagine. That's a very, very risky game.

http://www.zerohedge.com/article/reversal-vs-pullback

I don't know, I didn't care much for him when he was at CNBC, but now that he escaped them he seems to be dead on, as good as anyone out there, in my opinion:

http://www.zerohedge.com/article/ratigan-theft-driven-derivative-economy-supported-trillions-dollar-taxpayer-money

Read the comments below and check out some of those links, too. Just unreal. And the market just keeps going and they keep telling us the recession is over, it's just a 'jobless recovery'.

More of the same stuff, and well put. This mess is only getting worse. They are only covering up and kicking the can down the road, and meanwhile Goldman Sucks, JPM et al make billions and billions, all from taxpayers. The dollar is going to zero, IMO...

http://www.zerohedge.com/article/ongoing-cover-truth-behind-financial-crisis-may-lead-another-crash

The world had a golden opportunity to do the right thing....but once again history repeats itself. This got to be one of the most boring and ass-backwards planets I've ever visited...

Yep. They did exactly as we should have suspected they would. I know this sounds terrible, but as traders we actually should all be multi-multi-millionaires now in my opinion, since we all should have been betting they would do exactly as they did, it was so obvious. We really all blew our opportunity to make a lot and maybe help some people out, just betting they would do the wrong things and steal the country blind. At least when it all collapses maybe we could have been in a position then to help out a few starving people at that point...

More on why this rally is a total delusion:

http://www.zerohedge.com/article/60-rally-perspective

Make sure you click on the 'Full comparison data table' and look that over.

quote:

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Originally posted by mreiserer

The world had a golden opportunity to do the right thing....but once again history repeats itself. This got to be one of the most boring and ass-backwards planets I've ever visited...

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http://www.zerohedge.com/article/manhattan-project-did-bernanke-use-monetary-nuclear-option

Like we don't already know the answer to this one...

I forgot, I do have another hero to go with Ron Paul and David Stockman, and that's Nigel Farage. Here's his latest:

http://www.zerohedge.com/news/2013-04-17/farage-unleashed-you-are-common-criminals