How bad is this economy going to get?

[Monahorns]

If that happens a deflationary crash ala 1929 could occur.

AC, you may not be a Keynesian. But that quote is also a Keynesian myth which was dispelled by Murray Rothbard.

 

[AC]

I tell you what Monahorns, educate me on who Murray Rothbard is cause I’ve not heard of him. I’ll find that interview with Lyn Alden and Jeff Booth. We’re all in this together and I 100% agree with y’all’s deflation definition. A deflationary recession also could be called de-inflation is simply an event whereby deflation happens faster, real estate, equity market all deflate at about the same time. There are different degrees of severity and that is what nobody knows. I’ll just point to the smartest people (Alden, Booth, Pal). It’s not all come together yet but it’s concerning.

 

[AC]

 

[AC]

 

[AC]

 

[Monahorns]

Amazon product ASIN 0945466056
Rothbard was the best Libertarian and Austrian Economist after the generation of Mises and Hayek.

 

[iatrogenic]

Went to check out Lyn Alden and saw where Paul Krugman just flat out plagiarized her. He's such a scumbag.

 

[AC]

IMHO Lyn Alden is the best Global Macro Analyst right now. Raoul Pal, and Jeff Booth are not far behind. They all have different rolls. Incomparable. I ignore Paul Krugman and Peter Schiff.

 

[4th_floor]

IMHO Lyn Alden is the best Global Macro Analyst right now. Raoul Pal, and Jeff Booth are not far behind. They all have different rolls. Incomparable. I ignore Paul Krugman and Peter Schiff.

I agree about Krugman. He mostly just a leftist celebrity. Peter Schiff has some interesting things to say. I don't know who is right. Probably no one is completely right.

 

[Driver 8]

Peter Schiff has some interesting things to say.

The funny thing about Schiff is he's been dogging bitcoin since it was $100 or so and now just seems salty because he could have made a ridiculous amount of money with a modest investment back then. Actually he may just be trolling because he gets attention. I think he's been very successful with gold.

 

[AC]

Schiff's 18 year old son is a Bitcoiner and isn't listening to the old man. I tweeted him my two kids 17 and 20 own Bitcoin and they can't sell it per Dad. Because I know where they live. Anyway, my bet is Schiff is trolling and he owns "some" Bitcoin which he cannot reveal because his business is Gold and Gold Mining Stocks.

 

[AC]

Equity Markets are really teetering on the edge now.

 

[AC]

Another excellent George Gammon video. Inflation vs Deflation.
As I thought he also predicts Deflation followed by Inflation in the more distant future. I am not trying to be a negative nellie here. I am attempting to warn people so they can plan. It takes a lot of research to be prepared for this.

 

[iatrogenic]

IMHO Lyn Alden is the best Global Macro Analyst right now. Raoul Pal, and Jeff Booth are not far behind. They all have different rolls. Incomparable. I ignore Paul Krugman and Peter Schiff.

I'm not sure if "the best" means not as bad as the others. The thought that anyone can make consistently correct macro forecasts is a joke.

Look for market cycles.
-Your friendly CFA Charter Holders

 

[AC]

I guess I think Lyn Alden is looking at market cycles and she does not speak in absolutes. I’m investing with a Raoul Pal, Lyn Alden, Jeff Booth market cycle outlook. If they’re wrong then my returns will reflect that.

 

[AC]

Sunchartist (@sunchartist) Tweeted:
NYSE Advance -decline Volume https://t.co/4ZSdmsuGdP

 

[AC]

SPX, NYSE Dump incoming! May drag Bitcoin & Crypto with it at first.

 

[Joe Fan]

District Court in Penn finds Governor's "shut down" orders unconstitutional

Federal Judge Rules Pa.'s Shutdown Orders Unconstitutional; Wolf Administration Will File Appeal

 

[mb227]

District Court in Penn finds Governor's "shut down" orders unconstitutional

Federal Judge Rules Pa.'s Shutdown Orders Unconstitutional; Wolf Administration Will File Appeal

Although I see the idiot is still making statements doubling down on his nonsense.

 

[Joe Fan]

Although I see the idiot is still making statements doubling down on his nonsense.

He has probably been promised a position in the fictitious Biden Admin

Anyone want to bet me on that?

 

[Phil Elliott]

He has probably been promised a position in the fictitious Harris Admin with Biden

FIFY.

 

[AC]

The VIX is elevated now almost 1% as of tonight. That’s the volatility index.

 

[Joe Fan]

 

[AC]

HaHa!

 

[Dionysus]

@AC - have you seen this Raoul Pal interview with Michael Saylor (MicroStrategy CEO)? Saylor explains putting ~$400M of corporate treasury into bitcoin.

The Deliberate Corporate Strategy to Adopt the Bitcoin Standard | Real Vision

It’s long but super entertaining.

“Bitcoin is a swarm of cyber hornets serving the goddess of wisdom, feeding on the fire of truth, exponentially growing ever smarter, faster, and stronger behind a wall of encrypted energy.”

 

[mchammer]

I do believe Trump was chosen by God to smite the leftist whackos of the Democratic Party. Prove me wrong!

Bump

 

[AC]

Landed my first customers at my Bitcoin ATM. The whole family bought Bitcoin. Then yesterday, the price roared up over $11,250 then retraced a little and it’s coming back to test or break the $11K resistance level. It won’t be long until Bitcoin makes another run! Just hope the Nasdaq, SPX doesn't drag everything down.

 

[Joe Fan]

The Atlanta Federal Reserve's forecast for the 3rd Quarter: 26.2% — August 14, 2020. Up from 20.5% on August 7th.
The next update is on Tuesday, August 18th

updated

 

[Joe Fan]

 

[Monahorns]

The Fed is prolonging the economic problems. Trump needs to push to get Judy Shelton approved.