smells like a bottom..., page-12

WHeepo your bullishness is amusing ... the facts out here in the real world of production (ie real wealth generation) are this. Credit is drying up. Producers of almost everything are likely to have their solvency tested in the coming 12-24 months and many will lose. Supply chains are crumbling because everyone is losing. Infrastructure to maintain the flow of needs is addicted to credit inflows for efficiency. We got too chummy with credit now the tables have turned borrowers just want their money back ... just in case!

The loss of readily available credit means that inflationary pressure is already beginning to build as the costs of producing moving stuff and providing services increases with losses in credit empowered efficiencies. Tack a serious bout of inflation and likely interet rate rises onto this calamatous story and there is very little reason to fundamentally see anything other than the bear market continueing. Nothing tragic in being real to the world around you ...

PS - grabs some socks and jocks while they are cheap and still readily available.