morning ppl
thank god pog swing the other way
attempting to breakthrough the ceiling 1660
will see if 20th march marks the shift
pheeeeewwww .... live another day :)
:)
anyway looks like party is over...
back to reality of.... doo doo...
wake up sunshine :)
inflation still there?
got this on Elliot newsletter this morning...
thought it may indirectly provide a reassessment for our game plan
just for discussion purpose (not selling anything here)
I am also thinking in aussie context
with the Ms big nose and Mr big ears theatrical humor as background
FYI
Please keep this truth in mind as you read what follows.
Your income is the "asset" they borrow against.
Consider what has happened to the amount of money the Federal government has borrowed over the past decade: In 2001, the total amount of U.S. government bonds in issue stood at $11 trillion. By the end of 2011, the total amount had climbed to $31 trillion.
That's the debt story at just the national level. What about closer to home?
Well, the 2007-2008 stock market inflicted grave losses on the public pension funds of many states and municipalities. The real estate market only made matters worse, because as home values fell so did property tax collections.
For example, two of New York state's largest counties (Suffolk and Nassau) must borrow $85 billion this year just to pay their required contribution to the state's pension system. A decade ago pension costs consumed three percent of New York's property tax collections; by 2015 that figure will climb to an estimated 35%.
On the other side of the country in California, "the top 24 independent pension systems are collectively $136 billion in debt and have only 54 cents for every dollar they owe." The city of Stockton is effectively (if not yet formally) bankrupt, and ceased paying bondholders months ago.
Look abroad and you'll discover that the figures in many places only get worse. I could say more but you get the idea. The trend is accelerating. Media chatter about a recovery merely contributes to the number of people who will express "surprise" when the crisis reemerges with a vengeance.
In fact, as Bob Prechter says in his just-published Elliott Wave Theorist, "The Exodus from Debt Is Already Beginning."
The 2007-2008 crisis was a first-stage event that mostly involved Wall Street and the commercial financial sector. They were bailed out by governments. The question for the next stage is: Who will bail out governments in crisis?
The answer is up at the top of the page. Your income is the "asset" the government has borrowed against.
-End-
where are the income is coming from.... again?
with unemployment sky rocketing?
and politico doo doo extending another season without end?
and oil is still elevated?
are the machines warming up again to print?
some kind of war (or threat thereof) in the mix?
where is pog going to go?
where is the "safety" net as voted by Mr market?
or the safest hedge on individual level
we can take back and gain some control?
how will the next 5-10 years look like?
something to ponder...
if some of you have nothing better to do :)
(like me)
otherwise LIFE IS BEAUTIFUL
just as in the movie...
one chooses how and what positives one wish to see :)
and there is equally truth and courage in it :)
have a good wkend
good luck to all
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morning pplthank god pog swing the other wayattempting to...
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