For me, there never was any credibility in charts
or algorithms as fortune-tellers for investment.
Especially when corrupt US rating agencies can
be bribed by Big Biz with fat contracts to give
Junk Bond CDOs a top rating - or to give the
Republican cause a big boost with a dodgy
downgrade in US government debt to assist
Republicans to replace Omaba with a white
supremacist President in the White House.
Our far-right supremacists led by Abbott and Hockey
(like America's far-right Tea Party supremacists) are
willing to do anything to get rid of trade unions, the
Labor Party (and Fair Work Australia) to appease
Big Biz, the Fossil Lobby and bring about Boss
Nirvana similar to the dark satanic mills of old
England and to Hell with silly human rights.
In Boss Nirvana, only money has rights, and charts
will be as reliable (as fortune-tellers) as medieval
monks using brilliant mathematics to calculate
how many angels can fit on the head of a pin
while (all around them) poverty is supreme.
The First Dip of a Boss Nirvana US recession is
not over yet in its impact on Australia. Though
Labor did much to protect investors and the
workers from recession, the demand on
charities and welfare services across
Australia increased by 12% during
the past 12 months - while their
turn-away rate increased 19%.
All is not well in Boss Nirvana and charts
have no healing or employment power.
Only consumer demand (from decent
wages) can fuel Western economies
and consumers are very skittish at
present - and likely to bolt at the
drop of a pin in Boss Nirvana
where taxes are low and
jobs are sent overseas
to maximise profits.
Boss Nirvana Republicans have no intention of
repatriating US troops (sent to Arab lands) or the
seven million US jobs sent to cheap-labour lands.
They have but one passion: getting rid of Obama.
Please stand by for the second American Recession.
The violent ups and downs of the Dow last week are
the US share market's Siesometer for what's coming.
For the Contrarian Investor, bargains will abound.
For Mum and Dad investors, terror will abound.
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For me, there never was any credibility in chartsor algorithms...
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Alex Scanlon, Managing Director & CEO
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