Detailed market commentary at The Market Ticker
(The Year 2012 In Review)
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|User Info||2012 In Review, And 2013's Look Forward; entered at 2012-12-27 15:38:33|
Registered: 2007-07-30 Dallas TX
I honestly don't know how you do it Karl - I would have thrown up my hands in disgust 5 years ago - such is the difference between and INTP & and an INTJ I guess LOL|
I am very glad you were wrong about this year - I and my family need every extra day we can get. From the very first day I came here 5 years ago it was pretty clear that things were going south in a big way, and over that time period I have watched the govt, in the form of the Fed, perform sticksave after sticksave ad nauseum - I have to give them credit as up to this point they have somehow managed to keep almost all the plates (well except for Bear and Lehman and MF Global and AIG and ...) in the air spinning ever faster.
The last Fourth Turning we had, it was about 7 years between the time of the crash (1929) and the first steps towards global war (Sudentland 1936). That means I would expect either this year or next for the gloves to come off and the next global war to begin. If it ends up happening internally (Rev/Civ War II) here first, Feinstein's Confiscation Law would definitely be the start of that.
I raise my glass in thanks for this place. You're a good man Karl Denninger - as my brother used to say, he's cruel, but he's fair. LOL
Best of luck to all in unlucky 2 0 1 3.