Quote:
Originally Posted by Feint*
Oil/Gas at new highs of 135+ should wake people up... summer's not even in full swing yet!
I have to agree with McDick here... the essentials : transportation (airline/gas), food, fertilizer are at an all time high. (POT is at $200/share from 60!) Longterm wise, monetary system can't keep up with all this rising commodity. Printing money won't help with the growing deficit... M3 figures aren't even being released anymore. ( http://www.federalreserve.gov/releases/h6/discm3.htm)
Keep in mind the gov can print money like paper. Its a frightening thought!
Golds at 135, those who listened to McDick last week wouldve had a nice gain yesterday! |
Yes, government can print as much money as they want (which is very scary). From my point of view, stimulus package is pretty much useless! I think it actually do more harms than goods! People will use that money to pay off their mortgage and bills instead of spending it to save the economy! But that will push inflation even higher causing the oil and gold rising big time!
If you travel to the states, most homeowners are suffering! Couple thousands will help them to get by their mortgage payment for a month or so. People have to go out there and see what is really happening down at the states. Don't just watch CNBC and buy stocks based on their comments. Listen to what most analysis said, and think about it on your own.
Gold is a good play for 2008, especially when nobody talks about it right now. It's a good time to buy gold! One more thing, don't think oil as a bubble about to burst, most investors used oil to hedge the weak US dollars.
Apple is looking good, but wait for a pullback after the iphone launch. Keep in mind, Apple sold out of iphone for a month by the time new iphone releases. It will hurt their revenue for this quarter earning.
Mastercard (MA) and Visa (V) is very good long term investment! Buy and Hold! I got Mastercard at $100 in January 2007 and hold on to it since. Remember, we used credit card much more than we used to. They are earning pennies on every dollar we used and they have zero risk! Banks are the one who responsible for late credit card payments! Also, they are 'International', when US is in a slump, they are growing in some other countries like China, India, Europe, South America.
I have said enough.. I hope my comments help. Remember.. "INFLATION", "INFLATION", "INFLATION" = Oil UP, Gold UP!
US is really in a deep shit this time.