Mr. Rawles –
Thank you for your recent mention of my site, TheTraderBlog.com. I am a former Lehman Brothers employee, I worked in New York City on the FX trading desk, but left in 2002, so I am glad to have missed all the recent excitement. I publish my blog in an effort to help me reason through my personal trading strategies, and also like to share my opinion about the markets and related events in general. I have not yet figured out how to make any money off of the site, so for now it is just a great hobby for me. I currently work in an unrelated field, so I have left my information anonymous on the site so as to not risk anything with my current employer.
I have become a regular visitor to your site since August, and coincidentally I have just finished your novel “Patriots” – and frankly I am scared to death about recent developments. In addition to the scenario you laid out, I have also just finished The Fourth Turning by William Strauss and Neil Howe, which describes the potential for an upcoming crisis – right about now – through 2025. Written in 1997, it is also very chilling. So, in addition to my own work and analysis of the markets (I see the DJIA going to the 6000 level over the coming two quarters), the confluence of all these sources really makes me ramp up my preparedness. It is like connecting the dots, and I have just come to a very clear picture. I feel as if I found your site a bit late, and am behind the curve. But better late than never. And thanks to the suggestions in your CD [that is included with your “Rawles Gets You Ready” preparedness course,] I now have my wife on board! Thank you! Great stuff.
What just happened in Iceland is a microcosm of what can (will?) happen here in the U.S., if in fact the U.S. Treasury bubble does implode. I think a government debt default, USD devaluation and hyperinflation are very probable events into 2009 – 2010. Just how is the [US] Treasury going to finance an additional $2-to-3 trillion in 2009? As always I appreciate the information you publish. Best Regards, – Editor, The Trader Blog