11 replies to this topic

[spielchekr]

http://bigcharts.mar...cind_period=ytd

[ogm]

I agree, the infrastructure construction is a huge mistake. After all the demographics point to continued decline in the population. The existing population has been losing their money in the stock and real estate market for the past 5 years with an alarming decline in net worth. The personal incomes growing this year at 6+% annual rate is just an anomaly. Bear market rally, so to say. This will all ultimately result in a tremendous overcapacity and 1929 style depression. And we all know how that period ended. Not pretty. Stock market overvaluations are ridiculous. The PPT is out of control, supporting the prices of worthless companies that are about to go out of business. Take a look at AIT for example. The company makes various industrial gadgets for a broad spectrum of industries. With the help of PPT and some accounting gimmicks they managed to post record results last quarter with 20+ % annual growth. Unsustainable forward P/E of 11. And on top of that the stupid management has increased dividend by 25%. How are they going to pay for it ? What a joke. This company is nuts and bolts of the US economy so to say. And its dire condition makes the future look rather ominous.

Edited by ogm, 25 August 2007 - 10:49 PM.

[spielchekr]

Thanks for clearing that up.

I agree, the infrastructure construction is a huge mistake.

After all the demographics point to continued decline in the population.

The existing population has been losing their money in the stock and real estate market for the past 5 years with an alarming decline in net worth.

The personal incomes growing this year at 6+% annual rate is just an anomaly. Bear market rally, so to say.

This will all ultimately result in a tremendous overcapacity and 1929 style depression. And we all know how that period ended. Not pretty.


Stock market overvaluations are ridiculous. The PPT is out of control, supporting the prices of worthless companies that are about to go out of business.

Take a look at AIT for example. The company makes various industrial gadgets for a broad spectrum of industries.
With the help of PPT and some accounting gimmicks they managed to post record results last quarter with 20+ % annual growth. Unsustainable forward P/E of 11. And on top of that the stupid management has increased dividend by 25%. How are they going to pay for it ? What a joke.

This company is nuts and bolts of the US economy so to say. And its dire condition makes the future look rather ominous.

[underabigw]

Spielchekr,

Thanks for all your great posts.

The way things are going, they may need all that infrastructure to be able to bring
in the troops and equipment to remove all the squatters from those abandoned
condos in the new "Hoovervilles". Job One must be to continue to protect the
monied interest who make those large donations that keep those in power in power
no matter what party they are in.

BW

Thanks for clearing that up.

I agree, the infrastructure construction is a huge mistake.

After all the demographics point to continued decline in the population.

The existing population has been losing their money in the stock and real estate market for the past 5 years with an alarming decline in net worth.

The personal incomes growing this year at 6+% annual rate is just an anomaly. Bear market rally, so to say.

This will all ultimately result in a tremendous overcapacity and 1929 style depression. And we all know how that period ended. Not pretty.


Stock market overvaluations are ridiculous. The PPT is out of control, supporting the prices of worthless companies that are about to go out of business.

Take a look at AIT for example. The company makes various industrial gadgets for a broad spectrum of industries.
With the help of PPT and some accounting gimmicks they managed to post record results last quarter with 20+ % annual growth. Unsustainable forward P/E of 11. And on top of that the stupid management has increased dividend by 25%. How are they going to pay for it ? What a joke.

This company is nuts and bolts of the US economy so to say. And its dire condition makes the future look rather ominous.

[HoseB]

"...The personal incomes growing this year at 6+% annual rate..."

If the truth were told [fat chance], it's nearly all from inflation... which the Gummint constantly lies about.

[ogm]

"...The personal incomes growing this year at 6+% annual rate..."

If the truth were told [fat chance], it's nearly all from inflation... which the Gummint constantly lies about.

Inflation is a fact of life... live with it.

Look at it this way... housing prices were supposed to fall when they ran ahead of incomes. Now the housing prices have stalled but the incomes are rising. So it looks like at some point incomes will catch up to housing prices and the system will be in balance again.


Besides "the truth" is being thrown around too easily.

The TRUTH is that no one knows what the TRUTH is....
The markets and economy are bigger then one person can understand. There are thousands uppon thousands of factors and crosscurrents that no single person can factor in.

Everyone who claims to be knowing "the TRUTH" is a moron and a liar.

Pessimism is truly astounding everywhere, and of course everyone knows the truth.

Edited by ogm, 26 August 2007 - 08:51 AM.

[raleigh]

The truth is that the end is near.

[ogm]

The truth is that the end is near.

Spare me....

[spielchekr]

I'm kind of partial to the conspiracy theory that the government is creating abundant overcapacity to help keep inflation in check.

[HoseB]

"...The personal incomes growing this year at 6+% annual rate..."

If the truth were told [fat chance], it's nearly all from inflation... which the Gummint constantly lies about.

Inflation is a fact of life... live with it.

Of course we have to live with it.. we have no choice.

However it's good to keep in mind (1) our true inflation rate is perhaps several times what the Gummint tells us it is, and (2) EVERY government and society which has gone the "high inflation" route has eventually banrkrupted all but the richest of its citizens.

You say, "live with it", like it's a grain of salt to be taken with little concern for its consequence. History does not support your cavalier dismissal.

Edited by HoseB, 26 August 2007 - 05:33 PM.