cypherdoc (OP)
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August 15, 2014, 05:43:11 PM |
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silver continuing to lead:
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cypherdoc (OP)
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August 15, 2014, 05:44:53 PM |
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Silver Wheaton desperately trying to hang on:
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cypherdoc (OP)
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August 15, 2014, 05:48:33 PM |
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cypherdoc (OP)
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August 15, 2014, 06:04:08 PM |
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that uptrending support line i drew on the VIX back in middle of July is still holding. note the huge reversal candle:
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cypherdoc (OP)
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August 15, 2014, 06:17:45 PM |
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another recession is looking likely:
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cypherdoc (OP)
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August 15, 2014, 06:19:12 PM |
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ppl ain't happy, and rightfully so. The preliminary Reuters / University of Michigan consumer sentiment index for August was at 79.2, down from 81.8 in July. This was the lowest reading since last November and below the consensus forecast of 82.3:
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Zarathustra
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August 15, 2014, 06:24:16 PM |
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ppl ain't happy, and rightfully so. The preliminary Reuters / University of Michigan consumer sentiment index for August was at 79.2, down from 81.8 in July. This was the lowest reading since last November and below the consensus forecast of 82.3: Peak optimism on 1/1/2000. Coincidence? Njet.
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cypherdoc (OP)
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August 15, 2014, 06:34:46 PM |
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ppl ain't happy, and rightfully so. The preliminary Reuters / University of Michigan consumer sentiment index for August was at 79.2, down from 81.8 in July. This was the lowest reading since last November and below the consensus forecast of 82.3: Peak optimism on 1/1/2000. Coincidence? Njet. there are many who believe that markets "really" peaked on 3/24/00, the day the Nasdaq hit it's all time high and that every stimulation done since then has only served to postpone the inevitable long term decline. you can see we haven't made it back there yet.
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cypherdoc (OP)
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August 15, 2014, 06:41:47 PM |
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it'll certainly be interesting to see how important Bter is to NXT. market is saying "pretty important". or, it's saying a big selloff of the NXT coins is coming:
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Zarathustra
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August 15, 2014, 06:48:34 PM |
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cypherdoc (OP)
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August 15, 2014, 07:19:55 PM |
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mofo junk bonds aren't going to make it back to the top:
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cypherdoc (OP)
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August 15, 2014, 07:51:55 PM |
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here's an example of a dead-ass housing stock that deserved to go BK back in 2008 but instead was bailed out by you and me b/c "it would've been too risky to the financial system" to have done so. no recovery here:
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Wekkel
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yes
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August 15, 2014, 08:49:12 PM |
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this sounds like bubble mentality:
The problem with bubbles is that they force one to decide whether to look like an idiot before the peak, or an idiot after the peak. What is your choice?
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wachtwoord
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August 15, 2014, 08:50:55 PM |
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this sounds like bubble mentality:
The problem with bubbles is that they force one to decide whether to look like an idiot before the peak, or an idiot after the peak. What is your choice? Idiot before the peak any day of the week.
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cypherdoc (OP)
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August 15, 2014, 09:00:09 PM |
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the Fed is delusional. a candy bar, when i was a kid, was $0.05 and an avg house was $24000. we all know how the CPI has been manipulated into oblivion thru hedonics. Unfortunately, a gold standard is not a guarantee of price stability. It is simply a promise made “out of thin air” to keep the supply of money anchored to the supply of gold. To consider how tenuous such a promise can be, consider the following example. On April 5, 1933, President Franklin D. Roosevelt ordered all gold coins and certificates of denominations in excess of $100 turned in for other money by May 1 at a set price of $20.67 per ounce. Two months later, a joint resolution of Congress abrogated the gold clauses in many public and private obligations that required the debtor to repay the creditor in gold dollars of the same weight and fineness as those borrowed. In 1934, the government price of gold was increased to $35 per ounce, effectively increasing the dollar value of gold on the Federal Reserve’s balance sheet by almost 70 percent. This action allowed the Federal Reserve to increase the money supply by a corresponding amount and, subsequently, led to significant price inflation.
This historical example demonstrates that the gold standard is no guarantee of price stability. Moreover, the fact that price inflation in the U.S. has remained low and stable over the past 30 years demonstrates that the gold standard is not necessary for price stability. Price stability evidently depends less on whether money is “created out of thin air” and more on the credibility of the monetary authority to manage the economy’s money supply in a responsible manner.http://www.stlouisfed.org/on-the-economy/the-gold-standard-and-price-inflation/
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kodtycoon
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August 15, 2014, 09:05:21 PM |
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it'll certainly be interesting to see how important Bter is to NXT. market is saying "pretty important". or, it's saying a big selloff of the NXT coins is coming:
people are running to nem and nxttycoin (assets on the asset exchange) for safety.. nem is lookin like it will be nxts only major competitor (or successor).
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NewLiberty
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Gresham's Lawyer
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August 15, 2014, 09:07:52 PM |
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It takes chutzpah. The Fed says that the Gold standard doesn't work because it can be ended by the politicians at the behest of the Fed.
They can be expected to try to use the same reasoning with bitcoin... but only if they first make it the bitcoin standard? Somehow I think that simply asking for it all by force of law probably won't work again the same way Roosevelt took the gold.
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cypherdoc (OP)
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August 15, 2014, 09:13:07 PM |
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It takes chutzpah. The Fed says that the Gold standard doesn't work because it can be ended by the politicians at the behest of the Fed.
They can be expected to try to use the same reasoning with bitcoin... but only if they first make it the bitcoin standard? Somehow I think that simply asking for it all by force of law probably won't work again the same way Roosevelt took the gold.
Yeah, you picked on that shit too? Amazing.
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justusranvier
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August 15, 2014, 11:15:10 PM |
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Somehow I think that simply asking for it all by force of law probably won't work again the same way Roosevelt took the gold.
They're going to try very hard to persuade people to keep their coins in web wallets. You can buy lots of UX and advertising with fiat currency right now.
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