tag:blogger.com,1999:blog-2121490237517462736.post9128857989164543395..comments2024-02-20T01:52:53.299-08:00Comments on Futronomics: contrarian analysis of global macro trends, commodities, currencies, equities: Abrogation of Justice Will Delay Recovery IndefinitelyMatt Stileshttp://www.blogger.com/profile/17977694389453612864noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-2121490237517462736.post-87696739089483671212009-06-28T16:12:15.245-07:002009-06-28T16:12:15.245-07:00Matt, I was banned from a site that I had posted s...Matt, I was banned from a site that I had posted since 2001 for raising an objection to this deal. In retrospect, it appeared to me that the secured creditors were getting around 25%, which is pretty normal in liquidation value and actually didn't get that bad a deal. I protested on the same grounds you did though. I would venture that the bankruptcy was done under the rule of necessity, which is that necessity knows no law. I doubt Chrysler has much value other than maybe melting down the steel in the factories. The union also had claims against the company. The union and Fiat should be good bedfellows. The Obamaites are jackbooted thugs.mannfm11https://www.blogger.com/profile/06507232690375884354noreply@blogger.comtag:blogger.com,1999:blog-2121490237517462736.post-8973141941509527202009-06-25T10:36:52.457-07:002009-06-25T10:36:52.457-07:00dacian,
Breadth, volume, sentiment indicators, e...dacian, <br /><br />Breadth, volume, sentiment indicators, elliott wave structure (ie. subdividing in 3's or 5's). Foreign markets will be important. If we start seeing some major markets elsewhere show stress, it could foreshadow that pessimism abroad will be leading the US markets. Credit spreads should also start widening considerably if we're rolling over for good. Not just slightly, but BIG one day moves. Increasing daily volatility, etc...Matt Stileshttps://www.blogger.com/profile/17977694389453612864noreply@blogger.comtag:blogger.com,1999:blog-2121490237517462736.post-3246640950393150082009-06-25T04:57:03.156-07:002009-06-25T04:57:03.156-07:00Hi Matt,
I'm posting this here, but can you d...Hi Matt,<br /><br />I'm posting this here, but can you develop a bit on this thing you posted a week ago?<br /><br />"Depending on the nature of decline, we should be able to tell with reasonable accuracy whether this decline is suggestive of continuation below, likely far below the March lows, or if it is corrective, suggesting one last move above the June highs, with a potential target of 1100."<br /><br />What would be in you opinion indicative that we're going much lower that March or just a small correction before a bigger jump to 1100 or so. thxDaciannoreply@blogger.comtag:blogger.com,1999:blog-2121490237517462736.post-54359866446666727452009-06-24T21:11:03.934-07:002009-06-24T21:11:03.934-07:00I for one, Emailed the Indiana state treasurer and...I for one, Emailed the Indiana state treasurer and gave him my support by characterising him as a patriot, which is my true sentiment.<br /><br />Nothing fails like success. And thats why I think eventually the dollar will crash and significant inflation will hit hard. The more the government gets away with, the more bold they become.<br /><br />Deflation has hid the effects of money creation but, that is only going to embolden more money printing. While the bond market recovers and interest rates stay low, inflation is still a semi-distant future consideration. <br /><br />The more the government can get away with, the more it will push the boundaries of authority. Having two out of three branches of government be democrate doesn't help and bodes poorly for the future of freedom.Occdudenoreply@blogger.comtag:blogger.com,1999:blog-2121490237517462736.post-57243166721206568442009-06-24T11:47:20.218-07:002009-06-24T11:47:20.218-07:00Hear! Hear!
For those who understand the sanctity...Hear! Hear!<br /><br />For those who understand the sanctity of contract law the question is, "What jurisdictions is it still valued?" I don't know. I'll throw out Hong Kong? Panama? Costa Rica?<br /><br />As for the US, the writing is on the wall.<br /><br />****<br />This whole idea of 'price stability' drives me nuts. How does one see price signals when government actors participate with other people's money and decrees?<br />******<br />The strength of a market economy is dynamic price discovery. It's not just Obama, but the entire government is cutting the legs out from under recovery by attempting price stability. How does one buy or sell when the prices are wrong?<br />*******<br />Bart, over at <br />http://www.nowandfutures.com/great_depression.html<br />has interesting charts comparing 1929-1931 to this depression. The charts, at first glance, give a picture of stability and recovery. But there are also some disturbing differences: velocity of money and federal debt.mike.montchalinhttps://www.blogger.com/profile/11585962509132061997noreply@blogger.com