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<p>[QUOTE="Vess1, post: 724764, member: 13650"]Aah, who knows? Maybe that magic old U.S. dollar will make a huge come back and send it back to $250? lol </p><p><br /></p><p> Would make about as much sense as to how the DOW continues to hover around 10k range in this economic climate. When we're worse off now than we were last October when it crashed. Considering the duration and worse unemployment than at that time. </p><p> As the wave of baby boomers retire and need to sell their holdings to a younger workforce now experiencing 22% real unemployment and many who ARE employed can't afford to gamble in it. Almost makes you wonder who's buying doesn't it? <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie5" alt=":confused:" unselectable="on" unselectable="on" /> Could there be stimulus money propping it up?</p><p><br /></p><p> Of course, there's that inconvenient little fact of inflation and the public's disconnect with it. When the DOW is back to that key psychological point of 10k range, it's whipped up by the media, 'flying high' and everybody's happy again! Never mind that these levels were experienced 10 years ago or that formerly strong stocks that have dropped to nothing have been removed and replaced with other companies. </p><p><br /></p><p> Yes, unless we all see enormous pay raises, average people will have to settle for fractions of gold (if they're lucky enough) until that is no longer affordable. Then it will be silver until it's no longer affordable. It's happening before your eyes. I'm interested to see how fast this will escalate as we move into the norm of trillions of dollars annually in deficit spending. Took nearly a century to be 1 trillion in debt. Now that's an optimistic view for an annual deficit! Yeah, I'd say there's reason for concern looking forward. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie4" alt=":mad:" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="Vess1, post: 724764, member: 13650"]Aah, who knows? Maybe that magic old U.S. dollar will make a huge come back and send it back to $250? lol Would make about as much sense as to how the DOW continues to hover around 10k range in this economic climate. When we're worse off now than we were last October when it crashed. Considering the duration and worse unemployment than at that time. As the wave of baby boomers retire and need to sell their holdings to a younger workforce now experiencing 22% real unemployment and many who ARE employed can't afford to gamble in it. Almost makes you wonder who's buying doesn't it? :confused: Could there be stimulus money propping it up? Of course, there's that inconvenient little fact of inflation and the public's disconnect with it. When the DOW is back to that key psychological point of 10k range, it's whipped up by the media, 'flying high' and everybody's happy again! Never mind that these levels were experienced 10 years ago or that formerly strong stocks that have dropped to nothing have been removed and replaced with other companies. Yes, unless we all see enormous pay raises, average people will have to settle for fractions of gold (if they're lucky enough) until that is no longer affordable. Then it will be silver until it's no longer affordable. It's happening before your eyes. I'm interested to see how fast this will escalate as we move into the norm of trillions of dollars annually in deficit spending. Took nearly a century to be 1 trillion in debt. Now that's an optimistic view for an annual deficit! Yeah, I'd say there's reason for concern looking forward. :mad:[/QUOTE]
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