Sunday, November 30, 2014

Juggling Dynamite with Park's Late Show

Juggling Dynamite with Park at the Late Show!  Park has now discovered the coming deleveraged winter of deflation!  Gary Shilling is the master of the show with his great opus The Age of Deleveraging and has been the main attraction since 2008.  Park's late show is about the collapse of oil market and discovery that 50% of Oil Industry is based on the quicksand of $130.00 a barrel of oil. The problem with the late show is that the movie is over and this is a repeat of a the last movie.  Are we really going to believe that the government and federal policy has been a failure?

Does she believe that the  19th Century market will automatically cleanup the 20th Century Keynesian pump by destroying everything in the economy? Does she really believe that the Herbert Hoover fan club is still an active club? The fact that trillions have been put in savings and international banking makes the final belief of power cleaning as suspect to the nature of real financial dirt.  She needs to tell us something we don't know and that the movie is really over! By the way, the next movie has already started and the reel has been changed-- we are going into a completely different financial environment. Yes, Ms. Parks Franklin D. Roosevelt has been elected President in the 1930's and yes there is government intervention in economics.

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