There is a decent article, page 42 of Newsweek Aug 5th edition, on
business cycles if you happen to be passing a news stand, by Paul
Samuelson. The doyen of world economists even admits that the 19th
century's booms and busts are poorly understood.
That's because these economists simply will not accept land as different
to their definition of capital, and hence are blind to the fact that if
such government granted licenses are permitted to capitalize in value,
into tradable commodities, and we then allow banks to create credit
backed by this value, you will get a business cycle. We overlay this
developing boom and bust on the natural cycles Gann rediscovered, to
make the boom really boom, and the bust really bust.
Only Fred Harrison and Henry George books can teach you this. It gets
political when US administrations start orchestrating the handcuffing of
errant CEO's for a media event.
Had to laugh, the President hosting an economic forum at a University in
Waco, Texas yesterday with hand picked attendees, most of whom - the
business execs anyway - are republican donors. Think he's likely to hear
any dissenting views? Never surround yourself with yes men, otherwise
that's all you'll hear. Waco University's football team is called the
Floods in Prague, a haze build up in Asia. Have to note the dates, 60
degrees out from last eclipse, June 10. Coincidence maybe, but I think
it portends worse to come, and higher prices for commodities. (Himalayan
ice glaciers, I have been there, are forecast to disappear by 2030, not
leaving much for our kids are we. Disappointing to see a very oily
President deny the problem of global warming.)
The floods here in the more Eastern parts of Europe, watch our next
date, Aug 16th (Aust sun time), you can anticipate the flood waters in
Dresden to peak on this day. If one studied the sun time more closely I
believe it would be possible to calculate the time to the nearest hour,
relevant to each city. One day I hope to have the skill to do this.
I note the property seminars advertising industry still going strong,
judging by emails I get from who knows where. Property peak and crash
into 2009/10 continues to look good. Trade well.
You know you are in France when:
at the local pizzeria on the menu is pizza escargot
Here is another way to find stocks.
If you missed the first break, keep watching; see LON. If you can get in
at the break, or better still on the gap, as the stock keeps moving, you
get a good spot for a stop loss the day after, just under the gap,
keeping your risk low, and enabling one to consider adding more stock as
the high is crossed. And a repeat run target. Just hold until one of
your prices is hit.
LON - PDF