User login
Archives
- December 2008
- November 2008
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
- January 2008
- December 2007
- November 2007
- October 2007
- September 2007
- August 2007
- July 2007
- June 2007
- May 2007
- April 2007
- March 2007
- February 2007
- January 2007
- December 2006
- November 2006
- October 2006
License
This work is licensed under a Creative Commons Attribution-Share Alike 3.0 United States License.
GAIA Host Collective
Great roundup Stonleigh, thanks!
I have a theory about the current situation in the global economy.
I personally know of a dozen or more people, family and friends, who have either quit or been fired from work and started trading the stockmarket from home full time. Usually with a spouse working full time outside the home.
I have a feeling that this is very widespread.
This does two things. It keeps unemployment low and feeds the DJIA frenzy giving the false impression of prosperity. (Yes, I know the hedge funds are a huge driver of DJIA but…)
It would be interesting to see how many new accounts the retail trading companies like eTrade, Scott trade, etc. have been started over the last, say 2, or 5 years.
just a thought
Souperman, I too have recently observed this. One person in my circle of acquaintances is a stock daytrader and another is a forex trader; in the previous 56 years of life I have known zero full-time trader/speculators. This is one of the signals of a market top; everybody and his brother wants in on the "easy money".
This situation also confirms Kunstler's assertion that the finacial sector of the economy has replaced the productive sectors that once anchored American prosperity.
I'm sorry to see this, as latecomers/novices usually end up as the bagholders...
PLAN, PLANt, PLANet
Errol in Miami
The local hot dog man in front of the Home Depot here several weeks ago was talking about ARM's and how surprised everyone would be when they were triggered,
A young girl in my local supermarket told me, a month ago, she was quitting her job as a cashier there to do full time options trading and gave me a WWW link so I could do it if I liked.
About the productive end of N.American economy I have German car a Japanese fridge, Japanese laptop, a British motorcycle, the gears on my bike are Japanese as well as who knows what else on it, but I think it was assembled in the US. My guitar was 'handcrafted' in China. About the only two things I have I am positive were manufactured in the US are a pair of 20 year old fruit tree pruners (marked drop forged USA) and a brand new construction hammer of which this must be leftover from the housing boom.
Thanks for responding ya'all
I think it is much bigger than anyone knows.
Just found this at Mish's site;
Japanese Housewives vs. Global Alpha
http://globaleconomicanalysis.blogspot.com/
Tens of thousands of married Japanese women ventured into online currency trading in the last year and a half, playing the markets between household chores or after tucking the children into bed.