TedBits by Ty Andros
Barack Obama has now been elected and his policies will mirror those of Franklin Roosevelt. A new “NEW DEAL” looms and just as the new deal lead to a lost decade economically, it will do so NOW. Hope is not a good trading strategy or a recipe for economic growth. The “something for nothing” constituent will now demand government DO SOMETHING and a wrecking ball looms in our futures. There will be a DEPRESSION and, although deflationary NOW, hyperinflation looms as EVERY government solution will CONSUME more then it creates, producing vast new requirements for MONEY and credit creation; also known as the printing press and deficit spending. They are putting NOOSES around the necks of the public, for now and the FUTURE.
[...] Unions that have monopolies on the labor in the industries they organize have driven off shore every industry except autos, airlines, health care and government services. Health care, airlines and autos are all bankrupt or passing the cost to consumers for the excess compensation; the only industries which could not leave by definition. Now they want to expand there reach to Wal-Mart and others who have remained competitive, and they expect Obama and the Democratic Party to pass laws which will make their organizing activities subject to thugs and fraught with peril for those that dare to cross the bullies. The elite poster child of this effort will be Wal-Mart. Everyday low prices will disappear for everybody so a few unionized employees can be OVERPAID.
[...] Electric bills and gasoline prices can be expected to TRIPLE before the end of the new liberal democratic presidential administration ends it first term. This is the definition of hope and a new way of doing things, economic pearl harbors to our future economic growth. When public servants decide how to allocate capital you can expect it to be destroyed.
Comment: Ty makes sense and this is how it looks at the moment. By January we should have sufficient confirmation of general trends to know for sure. Initially it will seem that economic benchmarks are improving (due to the monetary infusion, heavy money creation that will lead to massive inflation) that will be followed by a hyper-inflationary depression. Be happy!