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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This is some funny, sick, and true stuff...
http://www.zerohedge.com/news/presenting-americas-fresh-start-currency
http://www.zerohedge.com/news/presenting-americas-fresh-start-currency
JI
jimkane
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Posts: 33,089
Don't check this out if you don't like swear words. I think it is quite accurate.
http://slopeofhope.com/2011/07/us-cititzens-and-its-government-nsfw.html
http://slopeofhope.com/2011/07/us-cititzens-and-its-government-nsfw.html
JI
jimkane
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Posts: 33,089
More of the same:
http://slopeofhope.com/2011/07/dark-clouds-over-the-american-dream.html
Funny how I was saying all this years and years ago, and I was thought a nut case. Now, it's beyond everywhere, accepted by most, understood (as far as what it will actually be like when it plays out) by almost none... And nowadays I try to explain what it will be like when it really unfolds, and I'm still the nut case. In a few years, when that is accepted everywhere???
http://slopeofhope.com/2011/07/dark-clouds-over-the-american-dream.html
Funny how I was saying all this years and years ago, and I was thought a nut case. Now, it's beyond everywhere, accepted by most, understood (as far as what it will actually be like when it plays out) by almost none... And nowadays I try to explain what it will be like when it really unfolds, and I'm still the nut case. In a few years, when that is accepted everywhere???
JI
jimkane
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It makes no difference that I'm a 'wet blanket', it doesn't change what's coming. Nothing can change what's coming to Joe Average, to you and me. Poverty.
http://theautomaticearth.blogspot.com/2011/08/august-1-2011-of-ceilings-and-dungeons.html
http://theautomaticearth.blogspot.com/2011/08/august-1-2011-of-ceilings-and-dungeons.html
JI
jimkane
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Posts: 33,089
This covers my feelings exactly. I'm literally sick to my stomach over this. Literally grabbing my stomach and moaning, almost unable to endure how much it hurts. And being powerless to stop it. Believe me when I say, if you don't have a similar reaction, you either don't understand what is happening, or you have deluded yourself with hopium that things can't be that bad, or will turn around, or some other nonsense.
Look at London, it's coming to your town soon. And by then, there will be nothing you can do to recover what has been stolen from you, from all of us. I used to worry people would think I was just so overblown on this, so overly dramatic. Now all I worry about is if they multiply what they think I am saying by a hundred, they'll still be underestimating what is coming...
http://www.zerohedge.com/contributed/perpetual-zirp
Look at London, it's coming to your town soon. And by then, there will be nothing you can do to recover what has been stolen from you, from all of us. I used to worry people would think I was just so overblown on this, so overly dramatic. Now all I worry about is if they multiply what they think I am saying by a hundred, they'll still be underestimating what is coming...
http://www.zerohedge.com/contributed/perpetual-zirp
JI
jimkane
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Posts: 33,089
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