[Money-matters] FW: [Money Matters Newsletter] Markets Still Up. T Shirts and Bailouts. Cash for Appliances. Update April 20, 2010

Tue Apr 20 17:21:23 UTC 2010

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From: Money Management Radio [mailto:marc at moneymanagementradio.com] 
Sent: Tuesday, April 20, 2010 10:17 AM
To: all users- manual list
Subject: [Money Matters Newsletter] Markets Still Up. T Shirts and Bailouts.
Cash for Appliances. Update April 20, 2010

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Money Matters Newsletter: Markets Still Up. T Shirts and Bailouts. Cash for
Appliances. Update April 20, 2010

  <file:///C:\DOCUME~1\MARCCU~1\LOCALS~1\Temp\moz-screenshot-9.png> Marc's
Notes: 
The Dow continues its ascent and looks to possibly assault 11,500 with a
possible target of 11,750. Will it? Who knows! Fundamentals sure don't
support it, yet the markets can stay illogical longer then one can stay
liquid, so never "fight the Fed".  We will take any UPS in stocks we can and
for as long as we can.

Bailouts continue with 300 million allocated for Cash for Appliances. This
program is a lot like cash for clunkers where the Federal Government pays
you to go to Best Buy or Sears. Combine this with all the other bailouts and
stimulus money and its no wonder Wall Street thinks its getting better. 
Look, the bottom line is this. Your "recovery" is like any other "recovery'
of any other banana republic that just prints (therefore borrows) the money
to foster it. The fact remains that consumers are not spending so the
government is. If that makes for a good "recovery", then there would never
have been nor never be any recessions, as when they occur, a government
could just print its way out of the problem. 
But government spending does NOT make a recovery because the government has
to BORROW every dollar it spends. Its like a no good brother-in-law trying
to improve his credit card debt problems by using another card to make the
first cards payment. Sure, he appears ok for a little while longer, but the
problem has NOT BEEN SOLVED.

So for now, we see more demand for goods, driven only by government
spending, and much like cash for clunkers did, and the housing credit did,
now even MORE Americans have taken on MORE debt to the banks, and now even
more people will go into bankruptcy in the future, unable to pay the debt
off.  And programs like these only pull forward future demand, so the actual
future demand will be lacking and sales will slump even worse when the
programs run out. Much like when the stimulus money runs out, the nation
will again spiral downward in deflation and an economic slump.

And one other thing, the people who utilize these credits and stand in line
for a $200.00 rebate usually are the modest or low income folk who SHOULD'NT
be buying ANYTHING. They NEED the rebates because they are LOW INCOME. 
Get it? Low income folk shouldn't be BUYING NEW APPLIANCES or NEW CARS or
HOUSES. My, my, the stupidity.

Look for more bankruptcies, more defaults, which in turn will bring more
bank problems, which will bleed over to more pension problems, more investor
problems, and MORE BAILOUTS. This is going to end badly. Trust me on this
one.

Meanwhile Greece got its bailout last week, yet now investors smell a rat
and interest on Greek bonds are rising again. There is the thought that "it
won't be enough". 
Sound familiar?

Expect Portugal, Spain, Italy, Ireland and others to step forward for their
bailouts soon. My guess is the next bailout won't be so easy to obtain.
Remember, the other nations that are in the Euro family have to pay THEIR
money to bailout the others. No one likes bailing out others so I suspect as
more nations get into trouble, the Euro will falter and you may see either a
"needy" nation like Greece or Spain kicked out, or a solid nation like
Germany just opt out. By "opting" out, they no longer have to pay for
another nations' spending habits. We will wait and see but I expect
something "wicked" this way comes.

Back on the farm, the U.S. farm that is, housing continues down. As goes the
housing markets, so goes the nation. Another "announcement" will be
forthcoming for another house bailout, as foreclosures are mounting. There
are simply too many homes and no way to pay for them all. You will see home
sales drop after this current "credit" expires in May. That drop in sales
will show up in the JULY figures and beyond. Then a new mortgage program
will arise. (Again!)

No improvement in unemployment. The only good news in all of this is the
"skewed" news put out by Washington to get you into the market. But beware;
insiders (company execs) are dumping stock by the truck loads while Mom and
Pop are convinced to load up. Folks, this is a suckers rally and it will end
badly. Many "technical" indicators suggest a correction is coming, probably
in May or sooner. We wait.

The US Dollar is holding still but that is only due to the FEDS buying its
own debt. Strange you say? Yes, it really is. Listen to show # 3
"Monetizing" to get a handle on how this is done. So far the world continues
to lend us money, albeit at a slower rate.
Look for one more dollar rally then a slow erosion in its value is probable.
We will load up on interest rate funds then. Right now we hold RRPIX per our
previous letters and shows.

Gold and Silver are holding nicely and never did correct into the lower
range possible of under $1,000.00/oz.  (Gold). It is possible a spike in the
price of gold is coming but when the stock market turns down, so will the
gold price, so stay clear of any new gold stock positions at this time. You
should be holding UNWPX at around 14 and others I suggested during the last
4 years for nice profits. Continue to hold them.

Offshore money: I am again looking now into moving money into Australia into
the PERTH MINT program which is holding gold in Australia, covered by the
Australian Government and insured by Lloyds of London. This is for another
"leg" of diversification. I will update you on my progress. Also EVERBANK is
apparently coming out with another "Market Safe" CD. I will advise you as I
see the details. This may be a no risk way to hedge against inflation, yet
be insured by FDIC:  a nice combination. 

T Shirts are now available on the website. They are COOL and we get lots of
compliments. Check it out. They are low cost and way too snazzy! Go to T
SHIRTS on the menu bar on the left or click on this link to view: 
http://moneymanagementradio.com/Tshirts

No upcoming shows in April but on May 6th, I will cover HEALTH CARE.

I am almost finished with the January Pledge Drive consults. Hoorah!
I now have slots opening up in May for those wishing to meet with me. Email
us. I will probably not be doing many in the summer so hurry if you wish to
meet. The spots usually fill fast as I only do one or 2 a week or so.

All for now,
Marc

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Where I buy some of my gold: What I call "Possession Gold". 
JH MINT
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(Near the Grass Valley Airport off Loma Rica Road)

Tell the salesperson you are a Money Matters Listener and you will get
special discounts,(market conditions permitting). Normal Gold prices are
anywhere from 6 to 11% over New York Spot price. If you are selling, you
should get close to spot when you sell. Buy only standard, or popular gold
or silver coins. I do NOT prefer the generics but would rather have you buy
Silver Eagles or bars. When buying silver, the mark up will be a bit higher
than gold. JH Mint posts prices on its board over the sales counter so you
can see spot at any time. I have dealt with JH MINT myself and found them to
be easy to work with.  You can pay in cash and you will remain anonymous.
I usually buy Gold Eagles, Buffalos, Kruggerands, Silver Maples. Gold Pandas
Generic Rounds. Peace Dollars or Morgans. You may also use my web contact: 
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buy NO Collectibles, No Margin account, No Commodity accounts. Take delivery
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