WHOLE LOTTA SHAKING GOING ONBE CAREFUL, be very careful. Looks like stormy weather ahead. Tight stops.
What's going on in the markets continues to be a tug-of-war between the stock and the bond markets, between the dollar and the non-dollar (commodities).
Meanwhile, things have gotten crazier and crazier at the Fed (under Bernanke) and Treasury (under Geithner).
How nuts you ask? For starters and among other things, Treasury is selling more and more bonds (our burgeoning debt) to pay for run-away, out-of-control spending by the federal government and Obama administration, and the Fed is buying it up and counting it as an asset!
Both agencies are doing little bookkeeping sleights of hand to make our country look as if it's not nearly as bad off as we really are.
This entire deal is a massive House of Cards that will come crashing down. Only question is when and how devastating the carnage when our national bankruptcy is seen for what it really is. It won't be pretty and it certainly won't be fun. And it may not right itself in many of our lifetimes.
Markets fading, fading, fading.
What's going on in the markets continues to be a tug-of-war between the stock and the bond markets, between the dollar and the non-dollar (commodities).
Meanwhile, things have gotten crazier and crazier at the Fed (under Bernanke) and Treasury (under Geithner).
How nuts you ask? For starters and among other things, Treasury is selling more and more bonds (our burgeoning debt) to pay for run-away, out-of-control spending by the federal government and Obama administration, and the Fed is buying it up and counting it as an asset!
Both agencies are doing little bookkeeping sleights of hand to make our country look as if it's not nearly as bad off as we really are.
This entire deal is a massive House of Cards that will come crashing down. Only question is when and how devastating the carnage when our national bankruptcy is seen for what it really is. It won't be pretty and it certainly won't be fun. And it may not right itself in many of our lifetimes.
Markets fading, fading, fading.
2 comments:
Help! Help! The sky is falling. Let's all did holes and crawl in.
Well, not just yet. However, a person can still make money in the stock/bond markets with care and stops. It's a tough job but somebody's got to do it...
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