KONDRATIEFF WINTER IS UPON US

FIRST SNOWFALL IS UPON US

A Kondratieff Winter is the correction of a credit expansion. During an inflationary credit expansion capital moves up the pyramid. During the deflationary credit contraction, or Kondratieff Winter, capital burrows down the pyramid to safety. This is why stock markets have been crashing as investors flee into T-Bills. Ultimately, investors ensconce themselves within a deflationary but invincible and immoveable golden forcefield.

Alan Greenspan understands the risk a Kondratieff Winter poses to central bankers as they are impotent against stopping it. On Nov 6, 2003 he said, “Indeed, the Federal Open Market Committee has judged that the probability, though minor, of an unwelcome fall in inflation exceeds that of a rise in inflation from its already low level.”

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Now we got our PAY CZAR, we gonna increase FED controls and powers and add to that new GOV regulations on Wall Street and MAin Street Credit....to PROTECT YOU!

Wea re going to PROTECT YOU from nasty credit card companies......sure they are sneaky but do we want them to begin TIGHTENING?

K Winter is the opposite of SUMMER, hot expansion , no we get COLD CONTRACTION.....DEFLATIONARY CREDIT CONTRACTION.....HELOOOOOO how do we expand the economy if we CONTRACTING CREDIT?

Is the answer thru GOV spending? HOW is that STIM working? $500 checks going right to CONSUMPTION? NO to paying bills.

I am sorry folks, while I try to keep my blog going on one hand and offer myself to you, I have a business that is on the verge of being TAKEN OUT. WHY? might be several reasons, but I sell office furniture, and my Customers have near dissapeared, after 30 years I have seen a lot, I've never witnessed anything like this.

DO I deserve to go kaput? Honestly that is good question, I would say NO to that because of how we have run the business and what is causing this downturn.

The averages are now agreeing a TURN DOWN may be upon us. BUT we could also be testing the LOWER limits of this trading range.

We are still wondering if the SELLERS have awoken and I say not just yet, prices are falling by a marked reluctance to buying.

IF.....SELLERS awaken from slumber, and I think that would not mean buyers would also, prices could fall hard and quick.

Sure we've all had enough of this, but its over when its over.

D