Propaganda is to democracy as violence is to a dictatorship.
C,KD is really entertaining. He's smart and he's right on a lot of the "math doesn't lie, folks" stuff, but he's also wrong on a lot of his ideas about good governance and how to solve these problems for good, and he's WAY over the top in these personal attack videos where he pretends he is being respectful with his "sirs" and "folks". Hahaha it really cracks me up sometimes. Man he is upset. Kneale ruined his day, poor guy.I blogged my thoughts on the Kneale video here: http://thejungleiseverywhere.blogspot.com/2009/09/world-markets-suffering-dearth-of-local.html
The S & P is going to tank to 175 over the next 12-24 months. It's going to be an economic bloodbath following by a civil commotion.
Taylor,How come I can't leave a comment on your *blog post*???Fascist!Sir Padgett,If the dollar crashes, oil will surge, right?Those oil companies might benefit. Admittedly, I haven't researched this at all sufficiently.I just think that with so many oil companies in the index, that they may put a floor on it.I say 180....
The S&P tanking scenario describes deflation only. While peak oil is going to matter soon enough, it could crash first.But you raise a good point: what effect permanent $100+ oil would have on the indexes?
I lost a lot of money listening to people like Denninger. I shorted the market and got my head handed to me. When is it going to be safe to short again?
It's probably safe to short now, since I'm long since out of bullets.
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