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Sequestration


gdizzle

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The entire market is one massive bubble at the moment. There isn't a framework to support such numbers. Pumping in inflated money will only worsen the "pop" when it comes.

Precious metals are dropping which isn't a good sign. World demand is at an all time high but the market is responding backwards. Basically, proof of a market bubble.

If you're banking on a HUGE drop then now is the time to setup for it. Should come down the pipeline by this summer.

My concern is that the pop will be big enough to cause some true damage that we can't recover from. It's going to be harsh either way.

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Eh, so this is all coming from Henry Shivley? A wannabe Rush Limbaugh / Glenn Beck?

Born in Daytona Beach, Florida in 1961, raised in Chiloquin, Oregon, a small logging town in southern Oregon, where I currently live. Graduate of the Academy of Radio Broadcasting, Huntington Beach, California. My wife and I operate the patriot news site, From the Trenches World Report where I have authored over a thousand articles.

Granted the author Gordon T. Long appears to have some financial expertise but as usual, he's making money from his advice and it doesn't appear to have a very good track record other than saying the typical, "buy hard currencies, buy Gold, beware the falling Dollar!" ;)

If you want to read credible analysis of the economy by real experts, consider the two following sites:

iTulip - Eric Janszen is a Venture Capitalist who predicted the 2007-8 crash before it happened

Calculated Risk - Bill McBride is another former Senior Executive who has consistently been on point in his predictions and analyses since 2005

Other exceptional economic analyses you won't generally find in the Financial Times or WSJ (though they sometimes write for them) yet generally offer better insights:

The Baseline Scenario - by Simon Johnson, a Brit and former Chief Economist for the IMF

Marginal Revolution - by Tyler Cowen and Alex Tabarrok - two economists who may never earn the Nobel Prize for Economics but who are infinitely more informative than that 10 winners.

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I simply thought it was an interesting look at things. While I also shy away from people like the author it doesn't mean they are wrong.

I read and then formulate my own ideas based on the article and background info on the topics.

Yeah, that site is pretty bad. Even worse when browsing on a phone and accidentally click an ad ... lol

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Still don't understand why the military got their TA cut when there are other much less useful programs that could have been cut

It's called sequestration Kevin - it means everything gets a cut across the board. The appropriations budget for every agency got whacked by an equal percentage (in theory - there are some exceptions) and as a result the DOD had no choice but to make the cuts.

Defense is the overall largest item on the US Federal budget and so it is getting whacked harshly since the deal was to cut 50% from Defense and 50% from domestic spending.

Go ask your Secretary of Defense why TA's were cut. It was his decision.

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