There is a certain segment of crazies in government that has worked the last 40 years to make sure that “reptilian brain” is lost. How many nutballs in the US would yell to an assailant “yes, you’re the victim, I deserve this!” as they are being beaten or robbed or stabbed to death? When people lose all sense of reality or logic, a significant change in society is near.
I agree – Schiff suggests some things, like “zero” regulation, that may not be the best because of the number of dirtbags out there, and the increase of people in society with sociopath tendencies, but the important thing for me is, he “gets it.”
If we stop the labor to come to USA, companies will just go outside and setup their shops outside i.e. more unemployment and more frustration and slowly people will forget their skills. It’s already happening. I agree that Labor will be cheap initially but law of demand and supply will sort things out. It’s costly to live in USA. People will automatically demand more money as they gain experience.
This can happen anywhere. If 10,000 people (same profession) decide to move from TX to CA to get better wages than they get in TX, obviously we will bring down wages in CA because supply will be more than demand and CA people will be angry at those people who migrated from TX and brought local wages down.
Let’s assume that world is just USA which is made up of not 50 states but 50 countries. We don’t have any tariff or protectionism in these 50 countries but Law of markets sort prices out. Cost of living is different in each of these countries. No passport or visa is required to travel or work. People decide themselves whether to move to another country or not. Companies still move their operations from one country to another based on what gives them advantage.
If every country (including USA) cooperate, then it is possible what I was trying to say in two lines before.
BUT (there is always a BUT)
In truth and reality, it’s still a law of the Jungle outside and we still try to live in “survival of the fittest” mode.
Human being species has evolved a lot but part of our brain is still a reptilian brain which goes back 300 million years in evolution. It attacks or withdraws back when it senses fear of an attack or when somebody really attacks at us. Attack or fear can be in any form (I do not mean just war).
This timing of “No Deal reached on Greece Debt” is to convenient too me. The short term charts were overbought and needed to rollover and reset. By tomorrow morning I suspect they will become oversold and then Bernanke will speak with the charts pointing back up… meaning the rally should continue.
We are still putting in higher lows and the volume is still low too. Bernanke will likely pull a rabbit out of a hat tomorrow and this rally should resume. I’m not buying into this being the start of the next big wave down. Everything still points to this weekend and early next week as having multiple turn date indicators happening. I’m sticking to my plan and waiting until then.
Then we in USA won’t have enough jobs, because others are willing to work for cheaper. We will end up with alot less 48″ TV’s and phones with 1000 features, stuff we don’t actually need.
I respect your opinion Deej, however, I can’t say that I have seen concrete examples of how no trade controls actually helps. It may, just never seen a real study, real evidence, even anecdotal, haven’t seen it.
I always find it really unsettling when PMs like gold and silver are in sync with the market like right now. Usually they are contrary, be an interesting week. My thoughts are .. SPY hits 50 DMA, then excitement happens.. dumb money enters the market. A few days of hurrah! Then another rollover as Red suggests, I just keep thinking we need one more shake out to make 2011 right. Then rally rest of 2011 so the boys on wall street get a bonus.
BTW .. this guy keeps calling me from MF Global .. buy natural gas he tells me over and over. Like .. stop calling me!
MICROSOFT Triangle pattern: http://niftychartsandpatterns.blogspot.com/2011/09/microsoft-triangle-pattern.html
When there is a limit to the ability to give, demands mean nothing.
There is a certain segment of crazies in government that has worked the last 40 years to make sure that “reptilian brain” is lost. How many nutballs in the US would yell to an assailant “yes, you’re the victim, I deserve this!” as they are being beaten or robbed or stabbed to death? When people lose all sense of reality or logic, a significant change in society is near.
I agree – Schiff suggests some things, like “zero” regulation, that may not be the best because of the number of dirtbags out there, and the increase of people in society with sociopath tendencies, but the important thing for me is, he “gets it.”
SD,
If we stop the labor to come to USA, companies will just go outside and setup their shops outside i.e. more unemployment and more frustration and slowly people will forget their skills. It’s already happening. I agree that Labor will be cheap initially but law of demand and supply will sort things out. It’s costly to live in USA. People will automatically demand more money as they gain experience.
This can happen anywhere. If 10,000 people (same profession) decide to move from TX to CA to get better wages than they get in TX, obviously we will bring down wages in CA because supply will be more than demand and CA people will be angry at those people who migrated from TX and brought local wages down.
Let’s assume that world is just USA which is made up of not 50 states but 50 countries. We don’t have any tariff or protectionism in these 50 countries but Law of markets sort prices out. Cost of living is different in each of these countries. No passport or visa is required to travel or work. People decide themselves whether to move to another country or not. Companies still move their operations from one country to another based on what gives them advantage.
If every country (including USA) cooperate, then it is possible what I was trying to say in two lines before.
BUT (there is always a BUT)
In truth and reality, it’s still a law of the Jungle outside and we still try to live in “survival of the fittest” mode.
Human being species has evolved a lot but part of our brain is still a reptilian brain which goes back 300 million years in evolution. It attacks or withdraws back when it senses fear of an attack or when somebody really attacks at us. Attack or fear can be in any form (I do not mean just war).
SPX Analysis after closing bell: http://niftychartsandpatterns.blogspot.com/2011/09/s-500-analysis-after-closing-bell_21.html
This timing of “No Deal reached on Greece Debt” is to convenient too me. The short term charts were overbought and needed to rollover and reset. By tomorrow morning I suspect they will become oversold and then Bernanke will speak with the charts pointing back up… meaning the rally should continue.
We are still putting in higher lows and the volume is still low too. Bernanke will likely pull a rabbit out of a hat tomorrow and this rally should resume. I’m not buying into this being the start of the next big wave down. Everything still points to this weekend and early next week as having multiple turn date indicators happening. I’m sticking to my plan and waiting until then.
SINA Weekly triangle: http://niftychartsandpatterns.blogspot.com/2011/09/sina-weekly-triangle-update.html
Then we in USA won’t have enough jobs, because others are willing to work for cheaper. We will end up with alot less 48″ TV’s and phones with 1000 features, stuff we don’t actually need.
I respect your opinion Deej, however, I can’t say that I have seen concrete examples of how no trade controls actually helps. It may, just never seen a real study, real evidence, even anecdotal, haven’t seen it.
I always find it really unsettling when PMs like gold and silver are in sync with the market like right now. Usually they are contrary, be an interesting week. My thoughts are .. SPY hits 50 DMA, then excitement happens.. dumb money enters the market. A few days of hurrah! Then another rollover as Red suggests, I just keep thinking we need one more shake out to make 2011 right. Then rally rest of 2011 so the boys on wall street get a bonus.
BTW .. this guy keeps calling me from MF Global .. buy natural gas he tells me over and over. Like .. stop calling me!