Posts by "daveo"

the patter of little feet?

yes George, I need some rhubarb urgently. Just got home after spending a lotta money treating da wifee for her birthday culminating in dinner a la cuisine nouveau francais. No vegetables on my plate. "you charge me all this money yet do not even provide a BALANCED diet, what you thinkin about dreadies".

"No: France Is Not Bankrupt" – Really?

http://www.mauldineconomics.com/frontlinethoughts

Gold GC. My favoured count on the 16th Aug was for gold to make 1441 corrective ABC symmetry. Today saw a high of 1400. The pattern up is confused in as much as the 7th Aug 1272 low may now be a wave 4 rather than a wave B. If it was a W.4 then the W.5 is near termination and unlikely to extend near to the 1441 level before a deeper correction back to 1280's. If it was a Wave B low then the 1441 target will likely be extended to c.1476/86 area. I would expect one or two imminent wide range candles to facilitate this. Herein lies the subjectivity of EWA but it provides clear trading parameters.

I think the UK economy has similarities to the US economy except that the US could become self sufficient in energy production, even a net exporter which could make a tremendous difference to their long term outlook if they can indeed survive the shorter term-- which I very much doubt.

Both countries are basket cases with their burden of debt which is well beyond the point of return. Neither political establishments can control debt, yet alone radically reduce. Therefore the macro position is utterly hopeless, we shall both implode at some point in time. And let's not even mention euroland problems.

Short term eco stats showing minimal growth in the context of the macro position are laughable. Something big has to happen or we are toast.