Posted on 06/26/2012 6:22:28 AM PDT by SeekAndFind
—It will seem like the whole world is at war.—
Hence, WWIII. ;-)
Seriously though, I believe that even the big boys will smell blood in the water and go for the kill, especially if the kill they are going for is a large country that owes them LOTS of money that was monetized.
Desperate times call for desperate actions, by both people and countries.
But will enough folks recognize it? The stock market still requires a substantial correction and when it happens, the Left will be sure to point to it as a "Conservative failure"...the economy will take off just the same, but it will be hard to convince folks because the Dow Jones numbers are something they kind-of-sort-of understand.
The S & P at a P/E of 13 (and no, that’s not “profits/earnings ratio”) does not require a substantial correction.
A lot will depend on the monetary policy of a future Romney administration. The Fed can’t keep lending out money at essentially 0% forever, rates HAVE to go back to “normal” or higher at some point.
I think to a large extent stock and commodity prices are being artificially inflated by Helicopter Ben.
“The economy is going to take off the second that the productive members of this society realize Obama has lost the election.”
Yes, there is a lot of pent-up energy out there, and I mean real actual energy too.
Mitt Romney could unleash fantastic growth if he wins and is bold. Or I suppose we could continue to muddle along.
But I agree that getting rid of Obama will be good for our economy and keeping him will be dreadful, not just for us, but for the world.
The day he was inaugurated I said to hubby “now we’ll see how much damage one man can do in four years” but I never dreamed it would be this much.
HE HAS GOT TO GO!
I have done some of the math, not all. If we have the gold that we say we have and gold goes to $6,000 per ounce we could pay our debt in gold. The other thing is that the US [the country, not the government] is extremely wealthy in assets. WE will be okay, after the long dark winter.
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