He changed his mind. Well, as long as this is a Faber topic we might as well include his view on the growing political tensions globally and he shares your view basically all crises at some point result in war and that's the final catalyst for the cleansing of the system. However, when one talks about war we think about soldiers storming up the beach at Normandy but Faber envisions it more as bio weapon attacks, internet strikes shutting down cities from power etc rather than open warfare but then again who knows.
Historically, I agree it has been inflationary, but I believe there will be a sharp contraction in that figure bringing the figure more in line with what we see. It would be more inflationary if rates were higher. When rates are essentially zero, the expansion and multiplier of money through private sources is not as great.
You will never become a great trader this way. You will just be some rule based robot who will not know why markets are moving or why your systems are losing money. And there are tons of rule based robots that do what you are doing, probably stepping in front of you. You are throwing away all these good trading opportunities just so you can follow your "rules" and be a trader that doesn't think for himself, but just follows rules really well.
I happily leave all these amazing opportunities to pick up pennies in front of a steamroller to great traders like yourself. Good luck.
Get real. That isn't some rookie you're talking to. You don't know how to trade. There isn't a doubt in my mind.
Athlon, are you a great trader? Do you know what it takes to become a great trader? If a trader doesn't follow a system or a strict set of rules, does that make that person unable to trade well? I've seen more than my share of traders blindly following systems die from a death by a 1000 cuts and blame the market for it. Maybe they should blame themselves.