Disqus - Latest Comments for jamesmarkii

Re: Mixed emotions as Jezebel gets new editor | Capital New York

jamesmarkii — Tue, 08 Jul 2014 20:18:19 -0000

Lol at Jezebel's future credibility. "Flush"

Re: Do You Have a Daily Routine?

jamesmarkii — Sat, 05 Jul 2014 18:10:28 -0000

Start getting up at 6am....

Re: 04-10-2011

jamesmarkii — Tue, 12 Apr 2011 10:29:19 -0000

Excellent as always !

Re: SPX Update 09-20-10

jamesmarkii — Mon, 20 Sep 2010 17:04:52 -0000

Spx to 1 million

Signed Ben Bernake

Re: Pi Turn

jamesmarkii — Sun, 12 Sep 2010 23:01:53 -0000

Pi !!!

and Pie..mmmmm Homer Simpson...

Re: E-minis

jamesmarkii — Sun, 12 Sep 2010 22:46:16 -0000

more ES up roasting

Re: Elliott Wave Update ~ 10 September

jamesmarkii — Fri, 10 Sep 2010 18:34:14 -0000

a revisit to the 1050's is due very soon. I mean this week.... Sept 13-17

Re: E-minis

jamesmarkii — Thu, 09 Sep 2010 15:22:09 -0000

so much for Spx 1073....whoops...

Re: Elliott Wave Update ~ 8 September

jamesmarkii — Wed, 08 Sep 2010 17:47:43 -0000

i forgot what led me to 1073, but i came to that conclusion Monday overnight on the ES...

Re: Elliott Wave Update ~ 8 September

jamesmarkii — Wed, 08 Sep 2010 17:36:48 -0000

see you at 1073 tomorrow
going out on a limb...

Re: E-minis

jamesmarkii — Wed, 08 Sep 2010 15:33:08 -0000

1073 tomorrow
you heard it here 1st.

Re: Elliott Wave Update ~ 7 September

jamesmarkii — Tue, 07 Sep 2010 22:34:49 -0000

long since 1040 and u didnt sell over 1100? wtf

Re: Elliott Wave Update ~ 7 September

jamesmarkii — Tue, 07 Sep 2010 21:21:41 -0000

http://finviz.com/futures_c...

1130, not a chance holmes...

Re: Sunday Night Special

jamesmarkii — Tue, 07 Sep 2010 12:51:51 -0000

SOlid as always !

Re: GLD ETF: Gold Target ($105-$106)

jamesmarkii — Wed, 28 Jul 2010 10:15:09 -0000

I will be a buyer then.

Re: Black Tuesday Prediction 7/20/2010

jamesmarkii — Mon, 19 Jul 2010 19:41:27 -0000

Bulls are going to get crapped on tomorrow.

Re: One For The Road

jamesmarkii — Sat, 17 Jul 2010 18:39:36 -0000

yoooooooooooooooooo

Re: Time to short Amazon (AMZN)

jamesmarkii — Mon, 21 Jun 2010 23:48:42 -0000

Minimum target of 112-113 before a bounce. (short term)

Re: Where I've Done Best Today

jamesmarkii — Mon, 21 Jun 2010 13:36:56 -0000

just a snapback rally...long term the euro is going to 0.96 at the min.

Re: Where I've Done Best Today

jamesmarkii — Mon, 21 Jun 2010 13:35:04 -0000

gold !!!

Re: Why Uranium Will Make Someone Rich

jamesmarkii — Sat, 19 Jun 2010 19:22:40 -0000

roastin n postin

Re: Key Week Ahead

jamesmarkii — Sat, 19 Jun 2010 19:21:49 -0000

roastin and postin

Re: Money Market Funds Plunge By $38 Billion In Prior Week, 1.5% Of Total, YTD Flow Differential Now At Record $134 Billion

jamesmarkii — Fri, 18 Jun 2010 23:32:36 -0000

by mikla
on Fri, 06/18/2010 - 10:11
#421261

Money flowing into physical precious metals is generally inflationary. <snip>, ...by buying gold, you express a sentiment that cash is less valuable. Inflation is the devaluation of cash whether thought supply/demand issues or lack of confidence issues.

I agree with your assertion.

My only response (specifically in regards to greater demand for precious metals) is that it also suggests, "I will no longer participate". True, that implies fiat is devalued (typically assumed to be inflationary, and I agree). However, it also implies:

1. The consumer deleverages. This is deflationary because as debt is retired, the money supply drops.
2. The consumer won't transact. The consumer won't borrow nor spend. That's deflationary because a money-supply-growth of zero is deflationary (based on how the system works), and because it drops the velocity of money.
3. The consumer's wealth can no longer be leveraged by third parties. It's not parked in a bank account for a third-party to leverage, and it's not parked in a house where the government can pretend it owns an annuitized property tax stream. Rather, it's in a coffee can in the back yard, where nobody is leveraging it. That's HUGELY deflationary.

So, yes, I agree that fiat is dropping in value (inflationary), but the de-leveraging and velocity changes are deflationary. We're all guessing at the net result. I also agree with another comment in this thread that there is a worldwide growing demand for dollars, which further complicates things (short-term deflationary).

Of course, the "vote" for PMs away from fiat (specifically away from fiat confidence) is an interesting prelude to hyperinflation (e.g., "I don't care how many fiats you have, I'm not trading my chicken for them.")

IMHO we're not there yet -- people don't yet have "no faith" in fiat. Rather, people simply refuse (are not willing and able) to participate. (I'm not willing. The unemployed are not able.)

Re: Goblin Emeritus Says America’s Spending Days Are Over

jamesmarkii — Fri, 18 Jun 2010 23:04:36 -0000

Ha, i stopped spending a while ago.

Re: Extend and Pretend: A Matter of National Security

jamesmarkii — Fri, 18 Jun 2010 23:02:57 -0000

Damn, we are focked....