Debt Deflation Bear Market Update Part I: 2009 Windup - Eric Janszen

[metalman]

Re: Debt Deflation Bear Market Update Part I: 2009 Windup

From $100 to $250??? Now that's a "POOM"!

And yet that "Top Investors" feature to the site has never been fixed.....

poom is what happened to all your money if you listened to the msm, ben stein, jim rogers, peter schiff, etc. ka-poom... deflation/inflation... so far, so good.

worth another 150 bucks to see how the rest of the story turns out?

what's 'top investors'?

[metalman]

Re: Debt Deflation Bear Market Update Part I: 2009 Windup

I watched the video. It seems to vary somewhat with the text above. Most importantly, that the US dollar was to go next following housing. While the dollar hangs on (however temporarily) every other bubble is bursting (with the other exception of US Treasuries). Also, does anyone really think the Euro (in the video, Eric said the Euro was a place to go to escape the collapsing dollar) is where we should be putting our money now?

that was 2 yrs ago. ej has always been negative on the euro long term... said rifs with spain and italy might break it up... started to get negative about six months ago.

[cobben]

Re: Debt Deflation Bear Market Update Part I: 2009 Windup - Eric Janszen

Wondering what the chances are of that happening a little quicker, like by the end of 2008 already?

Surf's up, could happen.

"That implies another 40% decline in the Real DOW by the end of 2009"

[Chris Coles]

Re: Debt Deflation Bear Market Update Part I: 2009 Windup

EJ,

I am one of the newer members of I-Tulip and do not correspond with you directly, however I would like to take time to thank you for your wonderful insight. The information posted here on iTulip by you and many others here on the Forums has saved my family and friends untold fortunes and in many cases a lifetime of weath accumulation. A retirement or two so far have been saved. For example my dear old mom who was afraid to sell her mutual funds in her IRA because her investment advisor sold her on market fallacies. Using insight I gleaned here I was able to convince her otherwise on being so bullish. Some background, my deal old mother is a woman who immigrated to the US on a ship from Ireland in the 1950s and has experienced all of the prosperity that this country has to offer so much so she was nearly 70% bullish in mutual funds. For other friends who were engrossed in the hype of the Housing Bubble, some listened and some did not. One friend was planning on bulding spec house using his life savings and another was trying to flip as late of September of 2007, one was destroyed he would not listen and one was saved. I would say you have helped many and have saved untold fortunes as well as marriages and families.

I recently spent a few weeks last September exploring the ruins of the ancient world in Eastern Mediterranean on my honeymoon. One thought that came to mind and I walked those ancient streets of those long dead civilizations was the ancient Greek myth of Cassandra.

We can only tell what we know as to be true and only hope that we are not destroyed for doing so.

Thank you again EJ.

Best Regards,

Sean

Someone has to say this: what a wonderful thing to say? This must rank as one of the nicest posts by anyone. While I doubt anything I have ever posted could bring such approbation, I am sure that EJ and his staff are smiling with great appreciation.

[Chris Coles]

Re: Debt Deflation Bear Market Update Part I: 2009 Windup - Eric Janszen

Turning to more important matters, what has intrigued me, and which I will expand later in a new thread is the underlying problem, while appearing to be the increase in debt, is in fact caused by a long term failure to recognise the true function of equity capital in a stable capitalist economy. This was highlighted to me earlier this week when a new series started on Channel 4 TV here in the UK. Titled The Ascent of Money by Niall Ferguson.

http://www.channel4.com/history/micr...cent-of-money/

Near the end of the first episode he makes the following statement:

"It's only when borrowers like the ones on this Glasgow housing estate have access to efficient credit markets that they can escape the clutches of the Shylocks and the Loan Sharks.

It is only when savers can put their money into dependable banks that it can be channelled from the idle to the industrious"

It is the second sentence that really stands out. The entire financial system is so far away from a stable functioning capital based society that even our finest financial writers, nor their editors, nor the TV executives financing the program series, no one sees the utter stupidity of that single statement.

But in making it he gives a wonderful clue as to the best road to take us out of the interim period back to stability.

The only mechanism that will bring stability is new investment of new equity capital, right down at grass roots of society and the sooner that is recognised, the faster we can start to all move forward again.

I will develop this theme again soon.

[FRED]

Re: Debt Deflation Bear Market Update Part I: 2009 Windup

Sorry if I wasn't clear with my previous question... is the effective date of this change correct: 1 year from now, December 1, 2009? Or is the change actually going into effect in 10 days: December 1, 2008? Just wanted to make sure there was no typo there.

Yes, that was a typo. The official announcement of new pricing is here.

[Chief Tomahawk]

Re: Debt Deflation Bear Market Update Part I: 2009 Windup

So the "institutionalized individual" really gets the POOM!!!

[metalman]

Re: Debt Deflation Bear Market Update Part I: 2009 Windup

So the "institutionalized individual" really gets the POOM!!!

itulip should have had an institutional rate all along. $100 a year to save your company's ass? anyone charging a subscription to their co. was getting a sick bargain. going for market share?

[Andreuccio]

Re: Debt Deflation Bear Market Update Part I: 2009 Windup

From $100 to $250??? Now that's a "POOM"!

And yet that "Top Investors" feature to the site has never been fixed.....

This site's not really about features. In truth, it's a bit clunky. What's worth well more than the price of admission, though, is the information.

You want features, try Disney.com. They've got a whole load of nifty features, and it's free, too. Not much in the way of useful economic info, though.

[metalman]

Re: Debt Deflation Bear Market Update Part I: 2009 Windup

This site's not really about features. In truth, it's a bit clunky. What's worth well more than the price of admission, though, is the information.

You want features, try Disney.com. They've got a whole load of nifty features, and it's free, too. Not much in the way of useful economic info, though.

the ethicalness and predictive value of a finance/econ site is inversely proportionate to the slickness of presentation.

[zoog]

Re: Debt Deflation Bear Market Update Part I: 2009 Windup

Yes, that was a typo. The official announcement of new pricing is here.

Wish my salary had gone up 160% this year...

[DemonD]

Re: Debt Deflation Bear Market Update Part I: 2009 Windup

Wish my salary had gone up 160% this year...

Supply and demand. Apparently being right on financial matters means you are in high demand, and I'll add rightfully so, there are so many economists and financial advisers out there that are clueless.

[DaveBrown42]

Re: Debt Deflation Bear Market Update Part I: 2009 Windup

Yes, that was a typo. The official announcement of new pricing is here.

Thanks for correcting that.

I'm surprised the prices aren't expressed in gold instead of USD... when the Poom hits, an itulip subscription will be dirt cheap!

[FRED]

Re: Debt Deflation Bear Market Update Part I: 2009 Windup

Thanks for correcting that.

I'm surprised the prices aren't expressed in gold instead of USD... when the Poom hits, an itulip subscription will be dirt cheap!

How's this?

1 Year = 1 oz
6 Months = 1/2 oz.
3 Months = 1/4 oz.
1 Month = 1/10 oz.

[Down Under]

Re: Debt Deflation Bear Market Update Part I: 2009 Windup

As usual, there isn't much to say except that Eric Janzen has been making spectacular market calls for a decade now. Anyone who isn't listening to him by now needs to wake up.

Absolutely; I only wish I'd discovered iTulip earlier.