Gary Shilling, president of A. Gary Shilling & Co. talks about U.S. deficit reduction, fiscal policy and the implications of the spreading global recession.Here is a direct link.
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Cory’s Chart Corner
Load MoreNot sure why this is so shocking to folks...the data is all around us. h/t @FroehlichThors1
Thorsten Froehlich @FroehlichThors1I mean - guys - this is real
since 1 April 2021, post COVID
(1) Savings rate dropped 90%
(2) Credit card balances up 28%
(3) # of credit cards up 62% (more credit cards / capita)_________________________
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In the end it is always about the earnings. Short term market correlations at times make us crazy but in the long run holding assets that continue to grow has always paid off. Stock picking not indexing is the only game to play.
The real big story is of course the Hostess filing and the horror of horrors realization that the entitled obese are not going to be able to get their Twinke fix. Those dambed unions have they no shame?
More on the Twinkie trade……probably a bunch of silver hoarders stocking up…..maybe someone will start up a Twinkie fund for those who can only afford a fractional position in one.
http://www.zerohedge.com/news/2012-11-16/capitalism-work-twinkies-soar-ebay
Ben’s got your back. Stocks are moving higher again. The recession is over. Better buy now while prices are at the bottom.
🙂