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.
JI
jimkane
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I know a lot of my readers in here are financially quite well off, but here (in this article) are the rest of the people I know. In my small community, this is the real world for essentially all of them. The pain and suffering that is coming is going to be profound, in my opinion. The elite stole everything and more, and left us all with endless debt, and the time has come to pay the dues for that, and it is the middle class that has that job. The money is stolen, gone, and they are now ensconced in their fortresses with it, and as the article says, a lucky few of us might be given security guard jobs protecting them and 'their' wealth.
http://theeconomiccollapseblog.com/archives/15-shocking-poverty-statistics-that-are-skyrocketing-as-the-american-middle-class-continues-to-be-slowly-wiped-out
http://theeconomiccollapseblog.com/archives/15-shocking-poverty-statistics-that-are-skyrocketing-as-the-american-middle-class-continues-to-be-slowly-wiped-out
JI
jimkane
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This is really interesting. It doesn't matter now, or tomorrow, or maybe this year, but some day it will matter.
http://www.zerohedge.com/article/are-stocks-overvalued-4-trillion-quantifying-feds-impact-stock-market
http://www.zerohedge.com/article/are-stocks-overvalued-4-trillion-quantifying-feds-impact-stock-market
JI
jimkane
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I've seen a lot of horror movies, seen a lot of war stories, had my share of nightmares, and nothing has ever scared me as much as this. If you don't understand why this might be, you are missing the point, and the long-term ripple effects of this. If you aren't literally shaking when you finish this, you just don't see it (yet).
http://www.zerohedge.com/article/why-qe2-qe-lite-may-mean-fed-will-purchase-almost-3-trillion-treasurys-and-set-stage-monetar
http://www.zerohedge.com/article/why-qe2-qe-lite-may-mean-fed-will-purchase-almost-3-trillion-treasurys-and-set-stage-monetar
JI
jimkane
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Here's a few comments to that article that state my feelings on this.
http://www.zerohedge.com/article/why-qe2-qe-lite-may-mean-fed-will-purchase-almost-3-trillion-treasurys-and-set-stage-monetar#comment-605302 (This guy is a major contributor, and I think his opinions/articles are usually spot on.)
http://www.zerohedge.com/article/why-qe2-qe-lite-may-mean-fed-will-purchase-almost-3-trillion-treasurys-and-set-stage-monetar#comment-605555 (Read this one and the following two after it.)
http://www.zerohedge.com/article/why-qe2-qe-lite-may-mean-fed-will-purchase-almost-3-trillion-treasurys-and-set-stage-monetar#comment-605204
http://www.zerohedge.com/article/why-qe2-qe-lite-may-mean-fed-will-purchase-almost-3-trillion-treasurys-and-set-stage-monetar#comment-605212 (Read the follow up post after this one, especially his emphasis on WHY, and the last paragraph. The last two lines have been my mantra for quite awhile now.)
http://www.zerohedge.com/article/why-qe2-qe-lite-may-mean-fed-will-purchase-almost-3-trillion-treasurys-and-set-stage-monetar#comment-605189
Thinking a lot about 2012 lately...
http://www.zerohedge.com/article/why-qe2-qe-lite-may-mean-fed-will-purchase-almost-3-trillion-treasurys-and-set-stage-monetar#comment-605302 (This guy is a major contributor, and I think his opinions/articles are usually spot on.)
http://www.zerohedge.com/article/why-qe2-qe-lite-may-mean-fed-will-purchase-almost-3-trillion-treasurys-and-set-stage-monetar#comment-605555 (Read this one and the following two after it.)
http://www.zerohedge.com/article/why-qe2-qe-lite-may-mean-fed-will-purchase-almost-3-trillion-treasurys-and-set-stage-monetar#comment-605204
http://www.zerohedge.com/article/why-qe2-qe-lite-may-mean-fed-will-purchase-almost-3-trillion-treasurys-and-set-stage-monetar#comment-605212 (Read the follow up post after this one, especially his emphasis on WHY, and the last paragraph. The last two lines have been my mantra for quite awhile now.)
http://www.zerohedge.com/article/why-qe2-qe-lite-may-mean-fed-will-purchase-almost-3-trillion-treasurys-and-set-stage-monetar#comment-605189
Thinking a lot about 2012 lately...
JI
jimkane
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Just some simple concepts about food that I have been saying for a long time:
http://market-ticker.org/cgi-ticker/akcs-www?post=167724
http://market-ticker.org/cgi-ticker/akcs-www?post=167724
JI
jimkane
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Some nice emetic medicine for you:
http://www.zerohedge.com/article/here-how-worlds-biggest-bond-funds-and-others-just-not-you-get-advance-notice-what-fed-about
http://www.zerohedge.com/article/here-how-worlds-biggest-bond-funds-and-others-just-not-you-get-advance-notice-what-fed-about
JI
jimkane
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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
http://www.zerohedge.com/news/2013-04-17/farage-unleashed-you-are-common-criminals