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Garmin Ltd. (GRMN) Message Board

  • captainbaldo captainbaldo Dec 3, 2012 1:48 PM Flag


    European economies are absolutely horrid and yet the European markets are all up double digits--Germany at high up around 25% and even Greece is over 20% for the year. What gives?

    I don't get it. Keep the change youfilthy animals!

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Separate financial from fundamental events. The Central Banks are increasing the money supply infinitely. The nominal value of financial assets rises inversely to the fall in the value of the currencies.

      To see the real story, discount the rise in stock prices by the rate of increase in commodity prices.

      Another way to visualize the reality of the situation: When you sell an asset for cash, has your purchasing power increased when you go to purchase necessities. I see rising prices that are not reflected in the Government statistics.

      Note also, that the Obama Administration is in the process of "readjusting" the CPI, AGAIN, to further understate the true inflation rate. And, reduce the purchasing power of future benefit payments.

      But, he promised that he would only soak the rich!


      • 1 Reply to mlevine44
      • So European retail sales came out today and they are terrible. Yet the European markets continue to climb.

        At some point you would think someone would figure out that the math is going to bring down the building. We are borrowing 10% of GDP here in the USA to grow at less than 2% in GDP, which is another way of saying we burn up 8 of every 10 Federal Dollars in pork and making our Congress folks and their paymasters extremely wealthy.

        So, top rate to 39.6, check. Medicare to 2.9, check. FICA, check. Obama care 3.8 on transactions starting 1-1-13, check. State, check, Local, check, Sales tax, check, Property tax, check. Cap gains, check. ............

        And then, of course, there is death. I choose to pay taxes over death--at least for now!

        Keep the change you filthy animals!

    • Totally irrational exhuberance.

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