[youtube=http://youtu.be/OGshlIOGntc]
In the spirit of “Billy Joe Jim Bob” I invite all of you! Please participate in the creation of your own “testimonial videos” as – you really can’t get enough of ’em.
I think I’ve replayed this back about a thousand times, and honestly have been laughing out loud most of the evening. I absolutely love this guy.
My eyes are wide open now!
Have a great weekend everyone, and please send this link / video to anyone and everyone you know who might enjoy a good laugh!
Craaaaaaa Zy!
Love it.
Kong thats one of the best selfies I’ve seen in a while lol 🙂 Keep it up!
I’m still chuckling over here.
I love the “my eyes are wide open now!”
he he he…still laughing.
Pissing myself, although may be time for new hat, lol.
Some food for thought. Sort of related to Deano’s comment from a previous post. If you consider debt growth to be a symptom not a cause of a low growth environment. …because developed nations tend to debt spend in response to low growth. And you consider low rates a response to deflationary pressures….whether rates are artificially suppressed or not …..because it’s the reason why low rates are needed that matters. So very high debt growth and the need for ultra low rates should actually be indicating peak deflation because these are the symptoms and responses to said pressures. So the next stage is likely strong inflation which in the past generally means a lower dollar. How we get that lower dollar will likely be driven by the feds response to this first contraction. Hmm…..
Oh and uh ya AWESOME video! Deano is right. New hat time for sure. Pretty rad dude all around though haha
JSkogs!
I’m putting a post together specifically on the classic “argument” deflation vs inflation etc..
Perhaps you and a couple of the other guys can pick up “there”….as I know for a fact I’ve got a lot to learn.
I look at most things from more of an abstract / creative angle and not as much as an “economist”.
You guys seem to have the jargin / understand and more importantly ( as I don’t really ) – the interest!
But please explain to me:
Who or what power law tells you that in after a phase of deflation and low artificial rates to fight a contracting economy there MUST come a phase of inflation, higher rates and crashing currency? And crashing currency against what?
We are still talking about a system, created and run by human assholes. And no natural/physical law is involved in this system. So there is no causal “if” and “then”, and if this is clear to us, we will see that we are not able to determine anything on timeline.
Happy weekend 🙂
Hey man…..pick this up later this afternoon or by tomorrow morning, as with JSkogs.
It’s a great debate / area for learning as I really think alot of people would benefit from the convo.
I’ll get a post up pronto.
Babb haha good reply. I certainly agree with some things you’ve said. Especially the asshole part. Often I’m personally talking about likely not given outcomes that are based on market mechanics and outcomes from the past. So please never get me wrong…I do not have a crystal ball and I am only trying to offer and receive insight to a blog that I think is very worthy. My background comes from some formal schooling in derivatives, economics, business management and marketing. I trade forex, commod and index futures and I own and operate in partnership with others a few different businesses. But what I value the most is a network of old men I know that have profited handsomely from inflation….The other thing I value the most is my own mistakes. So inflation has always happened with short spurts of deflation or something called creative destruction which is just a fancy way of saying shit got overbought. Inflation in the past takes time to work itself into the system. The things the Chinese are worried about when it comes the usd are probably already happening. The cash supply is absolutely enormous now and will take time to find itself harshly devalued. We haven’t lost half the world’s population overnight so people still need lots of stuff. I’m not saying this will happen overnight. When I’m not on a mobile I’ll spend some time drafting up what I know the relationship to be between policies rates cash supply debt inflation deflation and very importantly lag time. ..and see what readers opinions and comments are.
Shit man!
I was hoping you guys would open this up under another “dedicated post” shit!
Well….I’ll be posting it anyway, and hopefully you guys can fill in some space / blanks as….it’s really not my area, and even just some real base level discussion will be great.
I’m sure a couple other cowboys will get in here too.
There will be post tomorrow on the straight up basics of deflation vs inflation.
Sorry Kong that was just a quick pre ramble. When you make a post I’ll see what I can whip up bro
Great Jman…as ya you’ve obviously got this area under your belt man – wow.
You went to school and actually studied this stuff then? Impressive man.
hehe… so is this your average follower? 🙂
You gotta love it!
I can say with tremendous pride….An American!
And not a video suggesting that I’m an ass.
hmmmmmm
This dude made my day. Love the video.
The Most Dangerous Trader in the World:
smartmoneytracker.blogspot.com/2014/01/the-most-dangerous-chart-in-world.html
(and funny how he doesn’t mention telling people throw caution to the wind and buy equities on Jan 14th)
Over my dead body would I ever actually send a link to Dumb Money so….if people want to go look ( which I can’t really imagine ) they can copy and past into the browser.
Ironically ( oh so ironically ) he’s been sending me piles of traffic day after day after day after day…….
Thanks again for standing up to that clown. As a friend just pointed out to me, it is funny how he says “We can safely assume now that..” because “safety” isn’t in that guy’s trading wheelhouse. Given how dangerous a trader he is, and how much money he causes his subscribers to lose if they actually follow his advice….I’d say that If he still has subscribers by the end of the year, then I’m probably in the wrong business and need to start a newsletter. LOL
They still might want to look, if only just for lessons on what NOT to do, and for the comedy factor.
At the very least the S&P should test the 1765 range if that does not hold Monday then it’s off to the low 17s…. again I have daily NEG squeeze fires in both the DOW & S&P….. Unless the PPT arrives as new buyers & the Fed as some surprise announcement before Wednesday ( I don’t think that’s going to happen ) then we should test these areas between Monday & Wednesday IMO….
Dow as support to 15500 -15300 then its down to 14800….. that might spark some attention if these fail before Wednesday… LOL
KONG!!!! You put on weight!!!!
And I knew you weren’t really no Canadian.
LMAO!
He he he…….ya that’s me. You bet.
Tis pretty funny.