Arnold’s Ramblings 6-7-2011

In keeping with last weeks theme, Portugal has voted out (decisively) its Socialist government replaced by a moderate to right government with a coalition of the Conservative Party. Except for the United States, every major country with a democracy has chosen not to be socialistic. Why is that? What do Portugal, Canada, Spain, Germany, France, and all of the other countries that have also done so know that we don’t? Maybe they know that socialism has failed everywhere in the world.

The employment numbers were really terrible. Those numbers that were announced on Friday, which also indicated that the unemployment rate was 9.1%; but with under employed and those giving up looking for employment the numbers are actually around 20%. The bigger issue is that this is the worst “recovery” since BEFORE the Great Depression. Traditionally after a recession has ended the growth in the first year is in the 7% to 9% range before leveling off in the 4% to 6% range. Not this time. And we are experiencing decelerating growth after only three quarters. This has not happened in almost 100 years.

•  The DJIA looks higher in the short term, followed by another correction, followed by a major drop.
•  Gold could go to new nominal new highs.
•  The dollar is correcting again with all the uncertainty.
•  Interest rates are still in a trading range.
•  Oil is also in a trading range.
•  Real estate is clearly falling again and looks about 20% lower.
•  The economy is also clearly weakening. The question is whether or not this is temporary. I believe this is the beginning of another down swing.

Arnold

 

Disclaimer: Arnold’s Ramblings Inc. and/or its writers, representatives, employees, shareholders, executives and affiliates may have a financial interest in any security recommended to readers or otherwise mentioned. Nobody associated with this website or Arnold’s Ramblings Inc. is a registered investment advisor. Everyone should review investment materials in detail and with due diligence when possible, and should consult proper counsel prior to investing. All information and advice presented by Arnold’s Ramblings Inc. is believed to be accurate and reliable when posted, but cannot be guaranteed.

Copyright 2011 Arnold’s Ramblings Inc., All Rights Reserved.

DONATE TO BIZPAC REVIEW

Please help us! If you are fed up with letting radical big tech execs, phony fact-checkers, tyrannical liberals and a lying mainstream media have unprecedented power over your news please consider making a donation to BPR to help us fight them. Now is the time. Truth has never been more critical!

Success! Thank you for donating. Please share BPR content to help combat the lies.
Arnold Goldin
Latest posts by Arnold Goldin (see all)

Comment

We have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. If a comment is spam, instead of replying to it please click the ∨ icon below and to the right of that comment. Thank you for partnering with us to maintain fruitful conversation.

BPR INSIDER COMMENTS

Scroll down for non-member comments or join our insider conversations by becoming a member. We'd love to have you!

Latest Articles