Yves,

With all these problems, why the hell do shipping stocks keep going up? Are only insane poeple buying them? Or, just a bear market melt up?

>>In terms of a nation with a fiat currency only able to have deflation for 3-4 months, that does not square with the objective reality of Japan's experience for the last 15 years.

Show me a case of entrenched deflation in a country under a fiat currency regime running massive external deficits. Just one.

Japan is a red herring. Household savings were high (and growing) and they ran a huge balance of trade surplus. In other words, they weren't a supplicant to the rest of the world for funding.

The US is dramatically different. Its government is broke. Households are broke. And, like some transient on a grate, it requires handouts from the rest of the world to clear each month.

And you recommend buying its debt?

But I digress: one other country that suffered deflation under a fiat regime running massive external deficits. Just one.

I bothered to watch the first few minutes of your video on YouTube. Your supposedly prescient call was as of March 2008 when Bear was melting down. That wasn’t prescient, it was consensus.

And as for your ranting about gold, I suggest you get acquainted with facts rather than spout uninformed prejudice. Gold does MUCH better in deflation than in inflation. Yves even had some stats in comments earlier in the week.

I suggest you not give investment advice when you have so little knowledge of the performance of various asset classes.

And with the soaring yen, they are faced with further (and much deeper) deflation.

The claim that I have “offered no alternative” is simply false. I’ve stated for months in this forum that Treasuries were a screaming buy.

I was right on the money. In DEFLATIONARY times, capital seeks the finest bonds, the most secure bonds you can find.

That’s exactly what happened.

I predicted this Crash in March of this year in excruciating detail in 13 videos for a film to be released in Sundance in late 2009.

In all candor, I’m unaware of a single mistake in those 13 videos. I’m not tooting my horn, it’s just that some person made a personal attack (calling me a moron) and another mentioned my videos.

A youtube search under “Crash of 2008″ will bring them to your view. The video quality is INTENTIONALLY poor so that I can include no more than 6 minutes of them as archival “Forrest Gump” ancient footage in the film.

Matt Dubuque

Have enjoyed this site now for two months now, the only other daily must read besides the FT. Why anon Nov 4th, 4:38 was included in your Recent Posts section is a mystery though. Matt Dubuque’s Youtube videos, though not widely viewed were made last spring and were prescient.

Food, guns, gold.

I went short nasdaq 100 after receiving his call. It feels good. The market indeed has moved down. I entered at 1374, and NDX is now at 1360.

For your wealth folks, check the blogger below.

http://financialtraders.blogspot.com/2008/11/stock-price-prediction-tomorrows-stock.html