the blindly optomistic pessimist

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    • Sun Jul 20th 12:46 PM | Rating: 0 0
      Commented on:
      Historic Financial Collapse Underway?
      HI all,

      I have read the article, and many of the comments. For the most part I agree with everything in the article. Despite this, there have been many times in the past where one would have thought that the american ecomony surely cannot simply rise from the ashes of its economic stupidity. We are heavily indebted, some assets have become extremely overvalued, and so on and so forth. This has yet to be the case. Every market decline EVER has been a buying oppertunity. And while I was short seller of many differant assets over the last two years, I am now a buyer. do I feel comfortable about it? no. do i even agree (aside from a rather large yeild in financial stocks, no i think there are many more shoes to drop), and yet I am a buyer. We can argue and banter numbers and statistics all day. and there are reasons on both sides to be both extremely bearish, and yet very bullish. All i would remind others of, is by some measures, the american economy is not as indebt as our EU allies, or Japan, and so if we had to take on another trillion dollars to bail out freddy and fanny, theoreically we could.

      I have a hole in the back yard where I keep a few hundred cans of food, lots of water, toothpaste, soap and several hand guns, with lots of amunition. I also am long the XLF, and the USD.

      I hope I never have to fire a gun.
      View article »
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