Comments on: The Lunatics Have Taken Over The Asylum http://homebuysblog.com/2009/11/19/the-lunatics-have-taken-over-the-asylum/ Simi Valley's Insider's Guide to Real Estate Research & Home Owner Information Thu, 10 May 2012 14:29:32 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Ted Mackel http://homebuysblog.com/2009/11/19/the-lunatics-have-taken-over-the-asylum/comment-page-1/#comment-967 Ted Mackel Mon, 30 Nov 2009 17:55:01 +0000 http://homebuysblog.com/?p=1216#comment-967 Strainer3, Thanks for stopping by. I collect coins as a hobby so gold and silver has always been an interest to me as related to the hobby. Just wish I would have hoarded it when it was at $300. I think the general public just wants to go to work, buy stuff and have the weekends off - they really defer way too much to their representatives thinking it will get better soon or later. Strainer3,

Thanks for stopping by. I collect coins as a hobby so gold and silver has always been an interest to me as related to the hobby. Just wish I would have hoarded it when it was at $300. I think the general public just wants to go to work, buy stuff and have the weekends off – they really defer way too much to their representatives thinking it will get better soon or later.

]]> By: strainer3 http://homebuysblog.com/2009/11/19/the-lunatics-have-taken-over-the-asylum/comment-page-1/#comment-938 strainer3 Wed, 25 Nov 2009 19:36:06 +0000 http://homebuysblog.com/?p=1216#comment-938 I do not believe there can be a sustainable economic recovery until the government addresses the basic structural problems in the financial system of too much debt and not enough productive jobs to create savings. So while the stock market can stay irrational in the shorter term, in the long run I believe it will go back to reflecting the true nature of our boom and bust economy. And that's why I continue to feel that for long term investors a better portfolio allocation is in cash and gold. This morning I read a pretty interesting story on gold and the US dollar as a result of the Federal Reserve's continued attempts to debase our currency and continue to try to solve a debt crisis with more debt: <a href="http://www.goldalert.com/" rel="nofollow">Gold Price Breaks $1,180 as US Dollar Sinks</a> here’s an excerpt: “While the Fed minutes indicate the maintenance of current dovish policy for quite some time, a positive factor for the gold price and gold mining sector, other portions of the minutes suggested that the Federal Reserve may indeed have evidence to begin to withdraw the easy monetary policies used to combat the credit crisis.” I do not believe there can be a sustainable economic recovery until the government addresses the basic structural problems in the financial system of too much debt and not enough productive jobs to create savings. So while the stock market can stay irrational in the shorter term, in the long run I believe it will go back to reflecting the true nature of our boom and bust economy. And that’s why I continue to feel that for long term investors a better portfolio allocation is in cash and gold. This morning I read a pretty interesting story on gold and the US dollar as a result of the Federal Reserve’s continued attempts to debase our currency and continue to try to solve a debt crisis with more debt: Gold Price Breaks $1,180 as US Dollar Sinks

here’s an excerpt: “While the Fed minutes indicate the maintenance of current dovish policy for quite some time, a positive factor for the gold price and gold mining sector, other portions of the minutes suggested that the Federal Reserve may indeed have evidence to begin to withdraw the easy monetary policies used to combat the credit crisis.”

]]> By: Ted Mackel http://homebuysblog.com/2009/11/19/the-lunatics-have-taken-over-the-asylum/comment-page-1/#comment-906 Ted Mackel Fri, 20 Nov 2009 16:41:30 +0000 http://homebuysblog.com/?p=1216#comment-906 Erin, Thanks for stopping by. Some days my news reader drives me nuts. I am not sure why the news and our industry is fixated on not just telling it like it is. Erin,

Thanks for stopping by. Some days my news reader drives me nuts. I am not sure why the news and our industry is fixated on not just telling it like it is.

]]> By: Twitted by yourrealtortom http://homebuysblog.com/2009/11/19/the-lunatics-have-taken-over-the-asylum/comment-page-1/#comment-904 Twitted by yourrealtortom Fri, 20 Nov 2009 06:28:56 +0000 http://homebuysblog.com/?p=1216#comment-904 [...] This post was Twitted by yourrealtortom [...] [...] This post was Twitted by yourrealtortom [...]

]]> By: Erin Robbins http://homebuysblog.com/2009/11/19/the-lunatics-have-taken-over-the-asylum/comment-page-1/#comment-903 Erin Robbins Fri, 20 Nov 2009 06:04:30 +0000 http://homebuysblog.com/?p=1216#comment-903 Hi Ted, Great article. I think you're dead on with the back and forth of the market news we see and love the way you related your post back to Simi Valley. Thanks for including the CNBC video at the end as well. Erin Hi Ted,
Great article. I think you’re dead on with the back and forth of the market news we see and love the way you related your post back to Simi Valley. Thanks for including the CNBC video at the end as well.
Erin

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