tag:blogger.com,1999:blog-2335748440449035592.post1347536079203297..comments2008-10-23T14:23:16.634-04:00TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-2335748440449035592.post-54079387702799728522008-10-23T14:23:00.000-04:002008-10-23T14:23:00.000-04:00old news<BR/><BR/>that happened like 36 hours ago<BR/><BR/>Argentina govt should be impounded. When grain prices were at all time highs they slapped huge tariffs on their farmers - so no exports and lost profit opportunity. Could be the worst govt in South America over past 50 years although there are some great competitors!TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-28622295934957066432008-10-23T14:12:00.000-04:002008-10-23T14:12:00.000-04:00This was just posted in '24/7 Investor'<BR/><BR/> Argentina just announced that it's taking over pension funds, a pretty obvious admission that it needs the cash now and will worry about actually funding pensions later. Credit markets are assigning a 94% probability that Argentina will default. Of course, this is nothing new for Argentina. That country has constant money problems. <BR/><BR/>jeganjeganhttp://www.blogger.com/profile/05850061548373752817noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-66760870168343772132008-10-22T15:22:00.000-04:002008-10-22T15:22:00.000-04:00If I am honest with myself, I have to say that I don't do what I know is true. Not because I completely don't trust myself, but because there is me, and you and a few "radical" others, who see glimpses of the big picture AGAINST ALL the media, all the pundits, most economist, all the bankers etc.<BR/>What I forget often that these people have either a vested interest in being wrong in their "official" positions. eg a banker, if they all told us a year ago, for sure the finance system would collapse, they would have lost lots of money faster and lost their job a year sooner. <BR/><BR/>Media on the other hand are pretty much only looking for sensation after the fact. They create one reality, only to then be able to get better ratings when that reality was a sham and causes tragedy. This is not independent media That they are not smart people I can judge by their small talk. They will have lots of stories to report yet, unfortunately it is likely that WW3 might be one of them, if we cannot fend off a depression.<BR/>I know for sure that millions WILL starve in China and many other developing countries. The ones doing best will be the ones who have socialist gov't, like Cuba (self sufficient), Bolivia, Venezuela.NL Thinkerhttp://www.blogger.com/profile/06957695945576675327noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-21030909253093972182008-10-22T14:58:00.000-04:002008-10-22T14:58:00.000-04:00We need to get you a spot on CNBC - the recycled people who have been wrong on almost everything the past year and a half keep leading people into wrong decisions with bad advice. They keep asking these people who have not been accurate on anything when the bottom is and when the economy will recover. The same folks touting housing recovery in spring 2008, no recession in 2008, no inflation, decoupling, financials are bottoming after Bear Stearns, etc etc. You can't do worse! But since you don't have a fancy title or work for a big firm or brokerage you don't stand a chance - common sense is useless :)TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-10230537821665837462008-10-22T14:26:00.000-04:002008-10-22T14:26:00.000-04:00I have never believed in any decoupling as much as for a second as I am an importer from South America and I KNOW how little cushion as far as cash and other resources these people have, even the ones who have decent running businesses. <BR/>Any global slow down and they are worse off than before the boom.<BR/>(as they have spent their cash on long needed, yet appreciating thing)NL Thinkerhttp://www.blogger.com/profile/06957695945576675327noreply@blogger.com