2011 Outlook: Deflation and Dow 4200 Followed by "Wave of Refinancings"

Finally sombody with a realistic outlook. I'll be ready to buy the bottom, but I am also ready to sell at the top. Time to short!

DJ 4200 ? hmm....... I wish it will happen and have my fund ready to catch the bottom.

Well I certainly just contributed to our manufacturing......or did I? After 16 years, my Bunn coffee machine finally gave out, so I had to run to the store to buy another. Now the Bunn was invented by George Bunn in New Jersey I believe, & the company's headquarters is in Springfield, Illinois with the current CEO & president Aurthur H. Bunn. When I got my Bunn home, I noticed where it had big letters U.S.A., little letters in front of it, said , "parts assembled in". Hope I can get another 16 years from foriegn made parts, & I wonder how much an hour the assemblers make, & when those jobs will move to Mexico? SIGH....... :(

The "Real" unemployment rate presently exceeds 25%. For all intents and purposes an individual who is presently "working" for the minimum wage cannot be considered to be "employed" by our old standards, because under those standards it was generally assumed that the worker "gained" something from his or her work, ergo, the term "gainfully employed" was used. Today, a man working for minimum wage, with one child and another on the way cannot be considered to be employed, yet Uncle Sam does when the reports are filled out. He cannot afford a new car, would never qualify to buy a house, and probably will not be opening any savings accounts in the near future. Yet, this same, "employed" individual will take advantage of food stamp programs, free medical care, and every other federally funded relief program that has been responsible for sinking the once strong "middle class" in America. Our present fiat currency is worth nada, zilch, zip, zero, nothing, and unless we find a way to grow gold, The United States is going "down the tubes." I don't know where these "tubes" are, but they sure must be big! Perhaps the Mayans did forewarn us of this impending doom by ending their Long Count calendar on the Winter Solstice of the year 2012? If you really think about it, that will be the last time we will have to listen to Obama, and employment percentages, and stock quotes. A huge burden will be lifted from our shoulders and we can all go to work for the "Golden Arches" in a new world called China!

To David and Wolf, let me set you two straight. Unemployment is the highest it's been since the Great Depression. So tell me then, how are those out of work going to pay for things that will stimulate the economy? Banks aren't lending, and so how are businesses going to hire? You claim we are about to have an Economic Golden Age? You must be part of the plunger team.

I really hope that the stock market hits 4200. That way I can buy up all the stocks for cheap with money I'm not making from a job I dont have ! :O

Deflationary currency crisis. End of story.

Refinance the consumer. LOL. Its over.

Boom!

Lenin had a name for people such as this ( and the obsequious toadies who function as "hosts" of this lunacy ) : "Useful idiots."