patrick.net

I think we have reached the end of the beginning, at least as far as the cyclical downturn in the economy goes. The Fed has promised to bail out any bank, so the credit markets are going to start to thaw. In the long run, this will be a disaster for the dollar, but HB always promised that he would throw money out of a helicopter, rather than risk another Great Depression.

Inflation will continue to grow and the dollar will not come out of the toilet. So yes, standards of living will drop, but most of us will keep our jobs, which is better than it usually is in a recession.

The stock market goes up from here, I am betting and gold goes down, as the "fear factor" evaporates. It will be years before the housing market recovers though.

But sometimes I am not sure if everyone else on the thread is (a) ignoring the troll or (b) tacitly agreeing with the troll. Do you know what I mean?

I never feed the trolls.

# northernvirginiarenter Says:
Greenspans legacy. No longer the Maestro

He is now recognized as The Mastro. The biggest of the wankers.

The stock market goes up from here, I am betting and gold goes down, as the “fear factor” evaporates.

Gold is going to be super volatile.

The fear factor will not be gone for long.