Posted on 05/18/2012 6:11:39 PM PDT by SteelToe
Where have these guys been? They are warning us of something that is too late to fix, and is obvious to anyone with a brain.
What is the cost of living in Bermuda for retirement? I like some semblance of fiscal sanity.
We are facing a new round of rape, pillage and born for most people except the elites. Everybody else is "Addicted to Hopium"
Excerpt:
. . . "It took more than a year to learn that GDP actually shrank by 1.3% during the first quarter of the 2001 recession. But back then it was initially reported as having grown at 2.0%. That's not very different from the latest reading for GDP growth in the first quarter of 2012 - 2.2%. In August 2008, just before the Lehman collapse, GDP was reported to have risen in the first and second quarters with the latter revised up sharply, triggering over a 200-point rally in the Dow that day. Today we know that GDP actually shrank in the first quarter while the second has been revised down by two full percentage points."
For investors, I should note that by the time people said "Huh, something happened" 6 months into recessions in 2001 and 2008, the market had already lost about 20-25% in both cases, was entering free fall, and the best opportunity to reduce risk was long gone.
While there's no doubt that Feldstein, Achuthan, and I all differ in the specifics of our approach to economic analysis, it should be clear that we all look at many of the same measures too. Why? Because they are the measures that effectively define recession. Also, notice Achuthan's phrase "in the context of a slowdown." This is important, because he recognizes that you don't infer recession risk just from one indicator, but rather from the overall syndrome of evidence (which is why words like "jointly" and "uniformity" appear so frequently in our analysis, and why we try to use multiple sensors whenever noise-reduction or signal-extraction is required).
Suffice it to say that our recession concerns remain intact, as do our separate concerns about extreme stock market risk. . . .
[Snip]
As noted above, our estimate of the prospective return/risk profile in stocks, based on a range of horizons from 2 weeks to 18 months, could hardly be more negative. In general, similar instances have been followed by market losses of 20-25% or more over a fairly short period. The outcome may not be as negative as we expect in this specific instance, and there is no universal law of physics that requires the market to adhere to these norms, but we have little basis to expect market risk to be appropriately rewarded here. Strategic Growth and Strategic International remain tightly hedged. Strategic Dividend Value is hedged at about 50% of the value of its holdings - its most hedged position. Strategic Total Return continues to carry a duration of about 2.8 years, with just under 14% of assets in precious metals shares, and a few percent of assets in utilities and non-euro foreign currencies.
http://www.hussman.net/wmc/wmc120514.htm How to Create a Banking Debacle
Don’t know about Bermuda. I haven’t heard them mentioned as a good place to retire. I’ve heard New Zealand, Australia, Panama, Phillipines, Ireland...
Switzerland is expensive.
It's just too obvious to any body with half a brain. Just like the housing bubble was to predict back in 2004. Our alleged leaders are just very greedy profiteers dressed like the innocent sheep they plan to slaughter by the millions.
http://www.youtube.com/watch?v=FlODOk_iyXg&feature=player_embedded
What’s his solution? It’s easy to criticize the current system. Not so easy to fix it.
“taxmageddon”.....
Which is the reason the Central Committee has selected Mandate-Bomney from Massachusetts.
The GOP Phony is the Strong-man, the same DEM Phony, is the Carrot tactic. All part of the Federal-Fascist Central Committee.
Watch the baromenters: Real prices are fighting hard against the 15 trillion Federalites. Oil thus is quadruple what it should be, while stocks such as CAT price falls.
Preparing here for fascist PhonyCare-Labor Camp attempt, automatic Federal withdrawls from accounts such as 401Ks, VAT, and/or their go to war sable-rattling.
“taxmageddon”.....
Which is the reason the Central Committee has selected Mandate-Bombney from Massachusetts.
The GOP Phony is the Strong-man, the same DEM Phony, is the Carrot tactic. All part of the Federal-Fascist Central Committee.
Watch the barometers: Real prices are fighting hard against the 15 trillion Federalites. Oil thus is quadruple what it should be, while stocks such as CAT price falls.
Preparing for fascist PhonyCare-Labor Camp attempt, automatic Federal withdrawals from accounts such as 401Ks, VAT, and/or their go to war sable-rattling.
There is no easy solution. Chaos and class warfare are coming. With open borders, whites will be a minority class very soon. Hispanics with bilingual language skills will rule the middle. I fear there is a very frightening future ahead for all of us who post on FR including savings and 401(k) confiscations to benefit our criminal political class. For the rest of us there may only lifetime work at dismal wages or perhaps retirement in camp fema if you speak out too loudly. Beginning perhaps as soon as 2013 or sooner if 0 gets his way . . . .
Anonymous - Message to the American People
But all freepers must know this info -- but then I have known it myself for nearly six months now. People do not care anymore because this depressing stuff might cause them to lose sleep and to miss favorite t.v. programs and today people only want to get high at night and watch "Dancing With The Stars." Meanwhile, both our political parties are fake and only follow a secret agenda dictated by the CFR
It's all a joke, right ___ ? LOL !
My first thought: Someone is paying to be told this?
Saw some guesstimates today. Some are thinking it may be $31 billion. Whatever it is, it is not 2B.
bookmark for later read
Bookmark to read tomorrow.
European bank runs have started already — we are probably toast
Other news events below the radar
Smelly Brown stuff is about to hit the fan
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.