Credit Crisis and Recession Deepen

[Guest]

Re: Credit Crisis and Recession Deepen

A "pithy" observation indeed Metalman. Peels away the SUIT, to handily recognize the financial twit inhabiting it (something akin to disturbing nesting fleas).

Process works as efficiently as a Baloney Sausage machine, except in reverse [ deconstructing the Baloney Sausage ].

you managed to get through the whole book? congrats. tried 3 times and never made it more than half way through. one of the worst written books ever. real world... it's all jocks and geeks. looked at this way...

greenspan: geek
cramer: jock
rand: geek
bernanke and central bankers generally: geeks
most of congress & pols in general: jocks
hedgies: geeks
ibankers: jocks (except the analysts: geeks)
paulson: jock

the geeks always work for the jocks.

[jtabeb]

Re: Credit Crisis and Recession Deepen

reversion to the mean... over 100s of years gold is the mean. it's just that simple.

Gold is the DEFLATOR, in other words (both correct)

[metalman]

Re: Credit Crisis and Recession Deepen

Gold is the DEFLATOR, in other words (both correct)

exactly. currencies are deflating against gold, gold is inflating against currencies. flip side of the same coin... if you'll excuse the pun!