Replies to post #175823 on Zeev's Turnips Patch-No Politics (ZEEV)

[From the East Bay]

Whether Western Silver is traded here or in Toronto, it seems to be a much better buy than Pan American. Have the daily ranges and closing prices on 3 Toronto/US stocks (PAAS, PDG and WTC) and will track them for a week against the Canuk:Dollar close. I'll see for myself how great (if any) difference it makes.

[limtex]

when he finally accepts that the recovery was sustainable it will be just about all over abd ready to decline!

[federal reserves]

In my day a 8.2% rise in GDP

would have set our factories afire with hiring.

Today a new order comes in, and its sent offshore, we fire some folks, and earnings and productivity spikes. Analysts cheer. Well, I think the WMT results are starting to speak.
Just plain weak. Growth rate down YOY, and after accounting
for additional stores way down.

The big mistake of the policy makers was to apply the stimulus (tax cut, spending) before
the dollar dropped far enough and long enough to make a difference. We put deodorant on
the body odor for awhile, but very soon, its going to wear through. The quick fix is going to stink soon.

[market_watcher]

Unfortunately, there seems to be little institutional memory of the late 1960s.

I like Roach alot, but statements like this make me wonder if he's living in a different world. I doubt there's institutional memory of the late 1980's at this point. The 1960's might as well be the 1860's to today's member of the relevant institutions. Remembering the policy mistakes of the 1960's never got anyone promoted.