I wanted to comment on this video, and point out someone who we should all be paying attention to; take a few minutes to watch it, it’s worth while.

For those of you who don’t know Peter, he’s a student of Austrian economics, and called the bubble bursting at the height of the markets in 2006. The quality you will immediately notice about Peter, is that his economic view and investment strategy is founded in simple logic.

In any case, notice how the CNBC drones are using some theoretical association of gold to inflation and copper to economic recovery. However Peter makes a very important point that America has lost site of, a service based economy is a house of cards, and America must get back to doing what we do best, producing.

We’re a nation of industry and innovation. These trumped up stimulus plans, federal interventions, and incessant printing of money by the treasury seek to prop up the very same house of cards that Clinton built with the .com era, and Bush built with the real estate bubble era.

So regardless of the academic nonsense that we’re seeing out of Washington, CNBC, and other news sources, there remains a couple of simple truths:

1. Inflation is going to rise, big time
2. Jobless rates will continue to increase
3. Our deficit is growing at record rates
4. The stock market is going to reach new lows.

The informed trader can still make a great profit in what remains of a strong bull market. Sure the main move is over, but there will be a final push on the S&P that will turn our short trades of the SPY into a nice profit.

Here’s to profitable trades:
-The Trade Detective

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