I've had enough of your opptimism Kane.

[PoS]

Thats good. People are starting to realize that spending your way out of a recession will just bring about a future one- this should signal the death knell of Keynesianism.

[Kane]

[Mr.Bill]

[Kane]

It's a shit piece done by a shit economist that originates out of Newsmax. Wiedemer has done two books now, his second explaining why hyperinflation hasn't hit yet (As he predicted in his first novel).

[Dennis]

[Mr.Bill]

[Kane]

[Kane]

Here's why Paulson is dumping equities:

http://www.cnbc.com/id/100271335/OneTim ... ysmal_Year

He sucks balls at it.

[Kane]

And here's a breakdown on Buffet:

http://www.bloomberg.com/news/2012-08-0 ... tocks.html

This is why that book is absolute shit. It takes a fundamental misunderstanding of macro level economic issues and fabricates a prediction based on these inaccuracies and then continues to make grandiose observations that are anything but once you take a little time to delve into minutae of the statements and the nuance therein.

I f**k hate that book. They use cheap grab lines that don't reflect reality.

[Mr.Bill]

Sorry, I wasn't clear..I didn't mean the book was a good read. I meant the article.

I don't read any of those book either. If these guys who write these kind of books were so good at predicting the stock market they'd be rich enough so they wouldn't have to write books.

I've played the market for 30 years.. I did alright, but I will admit I did miss this past 2+ year run-up.. I thought in a service economy with a weak economy that meant less money in the consumers pockets, which means they would have less money to buy and use services, so eventually those service companies would suffer.. BUT even though the economy is/was weak, those companies are doing quite well..

Why? Because this country is awash with money, and cheap easy credit.. I forgot that and bowed out of the market about 2 1/2 years ago.. Oh well. Barring another meltdown or major catastrophy as long as the money is there, and the interest rates stay at virtually 0.. The economy and the DOW will be alright. There will be fluctuations, but nothing scary, IMO..