Dr. Martin Weiss, chairman of Weiss Research, talks to Kelsey Hubbard about what’s being done to fix the economy and assesses whether the strategy will work. (March 20)
3/20/2009
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
Faced with the choice between changing one's mind and proving that there is no need to do so, almost everyone gets busy on the proof. —John Kenneth Galbraith
Putting aside its incredible product line and pipeline of more, its still attractive valuation relative to earnings, and its $100 per share of cash that may be used for a dividend soon, Apple's stock has gone parabolic. And, parabolic moves always end one way, back to the place where the parabolic move began. Now, AAPL can of course power higher to who knows where in this move but the largest market cap stock in the world has now entered a tenuous phase, strictly technically speaking. But I digress. German investor confidence, the ZEW, in the next 6 months rose back...
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March 24th, 2009 at 11:16 am
His “protect the people” recommendation is way too vague. Expanding soup kitchens and homeless shelters to accommodate the middle class? Handing out money to regular people instead of banksters? What exactly does he mean?
March 25th, 2009 at 12:58 am
“deflationary depression – which is the lesser of the evil ” – as opposed to what? Hyperinflation experienced in Germany before WWII ?? Deflation is really bad- it means that people who expect prices for most things will come down in the future, and so they save and don’t spend much – and that’s bad for firms which is bad for employment and wages – plus everyone who owes money to banks will find it more expensive to pay off because the amount they owe would have in real terms got larger. Why? because if prices come down- their purchasing power of every dollar on buying a basket of goods decline- that means when the amount of money is fixed- they would have to pay back an amount that they are able to buy more goods — Ironically his classical view of letting banks fail was precisely the reason that had caused the Great depression !!! That’s what Fed did back then!! That’s why Keynes proposed that only way the government could prevent this viscious cycle of decline is by increasing spending – Clearly this guy doesn’t understand the seriousness of deflation, of people who are in negative equity, facing prospect of unemployment and foreclosure and how this impacts the economy in terms of confidence!