All Forum Posts by: Andrew Evans

"I don't know what Andrew is talking about because I don't see the misery and depression, I see people ready to buy a flat screen TV and a new laptop on payday even though they can't afford it."

even a cursory glance at this thread indicates the fear and worry that is present.
Hyperinflation, worst is yet to come, unemployment worse than stated etc etc.

Thats not exactly positive stuff is it?

I wouldnt mind betting that you guys are among the more positive in your areas too.

Here in Australia we have 5% unemployment (virtually full emp), interest rates going up to slow things down etc. Its booming.
Yes there are still complainers here too.
But the misery is overwhelming when you have 10% unemployment.

I agree that something constructive needs to be done to get jobs going for you. Obama appears to be sitting on his hands whilst saying he is doing something. I was excited when he came in but he has been more intent on his agenda than about getting the country going again.
Too many green projects to try and stimulate the economy and jobs.....ask spain how this worked out for them?

If you think you can increase the costs of electricity, employing people, health care etc dramatically to stimulate an economy then you are crazy.
These reforms should be done when you are back on top.

cheers

Hi guys, its been a very tough time for you guys in the USA.
The greed in real estate brought the world to the brink of destruction financially. The free market is not the answer to everything....markets dont always know whats best.

However you guys are surrounded everyday by misery and depression. It was like Australia back in the early 90's. High unemployment is always discouraging.

The key to recovery is that the USA stock market has recovered substantially. The DOW index was at 7000 and now is at 11,000....this is a leading indicator.

Companies and banks are absolutely flush with cash, its getting them to apply it to the economy in a positive way that is the issue for you guys. They hoard it ...just in case they need it. Fear applies to corporations as well as individuals.

It will turn at some point and when it does you are likely to have another ridiculous boom. However we hope/pray that they will restrict money supply early enough to prevent the upside doomsday scenarios.

I agree with Bryan that they can do it but will they have the courage to do it and will they do enough? History tells you that they wont do enough. Its too unpopular to restrict earnings or profit.

cheers

Bryan, i enjoy your thoughts on this.
The point is that in an inflationary environment assets go up in value because there are more dollars chasing them. In addition the countries that have a strong currency can buy your USD assets much cheaper so there is even more dollars chasing them.
The US stock market is clear....USD down stock market up....USD up stock market down.
which equals sell usd and buy usd assets and buy usd and sell usd assets.

your comments?

Hi everyone,
I thought you should have an outsiders opinion of what is going on.
I am an Aussie and what we see is that China is exporting cheap products to all parts of the world but especially the USA as a major consumer.
Balance of trade = not good.
So China wont let their currency appreciate to allow their products to become more expensive comparatively with USA products.
USA needs to get its manufacturing industry pumping to employ people to resolve unemployment problem. Cant do it with the USD strong compared to Yuan.
Diplomatic efforts to get China to strengthen currency not working so the USA issues more debt to devalue their currency to make them more competitive in exporting.
Weak dollar is not politically a good message to sell domestically. So we dont mention that this is what needs to happen.
China responds by buying more commodities and gold etc that are valued in USD and therefore go up as the USD goes down.
China owns the debt of the USA and while its devaluing they can buy more USA debt at cheaper prices and one day call it in.

The key is getting spending under control so that internally you dont spend more than you make.....its really the fundamental part of economics.

hi guys may i ask where you are buying and why?

what sort of returns should you expect and do you touch the super cheap stuff at $10k approx?

i am international and need direction
cheers