9/10/11: The US of A, our markets, etc

[brosin]

I think most of you would know that I'm not at all a big "rah rah, go America" kind of guy. But the one thing that I have been reminded of all weekend (probably helped that I was in NYC for my first ever trip there...) is how resilient this country is.

It's certainly possible that our moment in the sun may be ending in its current form; and it is even more possible I think that we will simply allow many more countries to begin sharing the moment(s) with us. But our country did not get to this point by rolling over in the face of adversity.

All this 'gloom and doom, woe is America' stuff going on both here and globally is far too overdone I think. It's ironic that we're the ones that got downgraded when the bulk of the problems for the last multiple years has been coming from Europe. I guess that as a bear for so long, once it arrived and it began to take (a much different than personally expected) form, I really just didn't buy what the bears were selling. And I especially don't right now.

There are problems, yes. None of these problems are/were new, however, and if anyone believes that the Central Banks and world leaders are just going to step back and let it all crumble now, I would say you should check your premise(s). They've already spent however many trillions globally - there's no point to stop now. The only thing that will stop it is a new world order.

If there is a TRUE collapse coming, it is going to come WHILE the Fed/ECB/other Central Banks are printing. This in-between QE period is not going to be when it happens IMO

[cosmic]

Clarification request on the last 2 sentences? If collapse is to come while printing is occurring then that is the QE period isn't it? It seems in conflict with "This in-between QE period is not going to be..."

[brosin]

I'm saying that this current period between QE2 and QE3 is not going to be where it will really be able to collapse. Bleed lower maybe (a la last Summer '10), but not a true 2008-like collapse. It will just appear to have been a correction once the next round of printing comes and people realizes that a recession is not as sure a thing as everyone believes now.

[Rich]

we're getting mixed messages, Obama with a half a trillion jobs bill(stimulus) and the Bernank being non-committal about QE.

tspayne scared me a little (that's the second time I said that)

[brosin]

Sept 10, 2011 22:17:31 GMT -5 Rich said:

we're getting mixed messages, Obama with a half a trillion jobs bill(stimulus) and the Bernank being non-committal about QE.

tspayne scared me a little (that's the second time I said that)

I think it's that Bernanke is just waiting until the political circus ends. He knows that it'll have to be a coordinated effort with the govt - monetary policy can only do so much good by itself without fiscal policy as well. With the debt ceiling fiasco and downgrade still relatively fresh on people's minds, I think he's waiting until the next round of fiscal stimulus is the fresher thing on people's mind since that'll be the time to push through more free money.

And that is NOT to say that I agree with this being good or bad - I'm just trying to gauge what is happening without taking a side.

[timber]

your right brosin....we are very resilient dont ever count our markets or industry out......buffest does a good piece on this and hes seen it all

[timber]

[timber]

[cosmic]

ah it's just how I read it for some reason. You are saying we're between QE periods, in essence in the inter-Easment period, and a crash won't happen waiting for a QE, it'll happen DURING a QE.