Re: hodo your pal on the PM board Fair Say
who gives time frames? sincliar tried,and had some good runs...for a while.
i like rickards. a lot. unlike a lot of his critics i've taken the time to read both his books, and i'm not selling a newsletter. i listened to jim willie's name calling and criticism on turd's podcast earlier today and it said more about jim willie than rickards. and jim willie is indeed a jackass. the sad part was turd going along with him, causing me to lose most of my remaining respect for him. i used to like him.
he's not perfect, no pundit is. never mind time frames, i'll tell you one area rickards has been very wrong, and it's related to why gold has been clobbered. it's his prediction that the dc was going to debauch the dollar agressively to boost exports and boost employmenent. in fact, rickards quoted administration people as saying they were going to destroy the dollar after the last election. hasn't happened. far from it.
haven't heard a good explanation, and it's surprised me as much as anyone. at this point to say that it's not sustainable is like saying water's wet. but how long it lasts, who knows.
if i had to guess, i'd say we'll look back and say that the shale revolution in oil drilling with govt. subsidized, cheap capital was used instead. but that's hit some snags....is oil the "beggar they neighbor" tool today?
who knows. interesting times. but....i'll listen to rickards and let the jackass bray for his audience.