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Hi John,
Absolutely correct sir. Boy, they sure got a ‘game’ going on, don’t they?
jwr….is this fuzzy math…..or bushfull thinking
Hi friends: Note that Fed and or treasury have loaned a ton of cash[dollars] to Euro area banks thru thier centra bank. Technically they did not loan to D bank or bank de Pari etc. but thats where it went. EMA thier central bank , has reloaned to lots of big [insolvent] Euro banks. and USA citzens are on the tab if anything goes wrong. The bonds i like tend to be corporate or some munis rather than USA debt. I am also in WEN wendys hamburger company . at a slight loss now. but the new sand. on the menu may help sales. God bless you all.
Scott,
Their is so much “sly” QE going on – its not even funny. The Feds are well aware the QE is the buzz word that is the buzz saw for their overall game plan. Which is to inflate the h__ out of our currency until it collapses. They are not idiots – if they even mention that NASTY word the PM will take off like a rocket! So they come up with other fancy names and gimmicks to keep the masses at bay. We all know where this is going…….gold and silver are the ONLY alternatives. There are a lot of intelligent people on this site that throw out a lot of stats and figures…..but the macro fundamentals are all I am concerned about. BTW, I am in one corp GE bond and a Franklin Utilities fund. I got out of the muni’s last year – I couldnt sleep at nite. All the best to you too and God Bless!
Marc
Making sure gold does not rise faster that their plan warrants is what is on the bankers minds.
Hi Marc,
Excellent assessment of the situation. Agreed completely.
Thanks and God bless you too.
Castanheiro,
Thanks. And I really enjoy all your input too!
All the best,
Marc
For all of us, here is a great little column from market watch by Paul Ferrell, entitled, “10 reasons Wall Street will hit bottom, crash”. It’s not long, and is an excellent reminder of the ‘fundamental’ reasons that motivate all of us to be IN the pms.
Best to all you smart people and those like myself as well.
http://www.marketwatch.com/story/10-reasons-wall-street-will-hit-bottom-crash-2012-
http://www.marketwatch.com/story/10-reasons-wall-street-will-hit-bottom-crash-2012-03-13 good story, the thing that stood out was the statement that the younger generation will eventually rebel against the debt burden that the current “ruling” gerneration is leaving us (Bush and OBama debt legacy). If that’s the case, that spells default on the debt and a 1930’s type of crash.
C…HERO..thanks for the post….great read and review…
james thanks for the followup…..
“never enough”…this just might apply to all of us, (all is vanity)
balance…in all that we do?
Sorry folks as my link was incomplete. Thank you James C for the correction and glad you all found it beneficial as I did. Appreciate all your comments.
Best
glad to help a bit.
I’m also slightly surprised that news of a major correction or crash is starting to hit the mainstream internet (cbs marketwatch). Even if it is only once article there.
Great article. Our youth WILL rebel. New opportunities will surface and the moneychangers will be in on the bottom floor once again.
Denial: There are no moneychangers left, that was just a bible story. (The only time Jesus got physical against anyone.) My hero.
Dan
Michael Purves predicts silver to rise to $50 an ou.
http://finance.yahoo.com/blogs/breakout/silver-poised-hit-highs-purves-120139052.html
Thanks for that James C.
The host was really annoying. And somewhat clueless on some vital facts and macro issues. But, Purves did a good job of countering the knucklehead.
BUT, did enjoy it.
Marc
Today’s Treasury Budget number came in at -$231.7 billion. Not bad. Annualize that, and you would get $2.78 trillion more debt. Of course, February’s numbers are necessarily the same as every other month, and higher numbers like this are usually due to the gov’t re-financing its debt. Then again, the $231.7B is the official number, and does not include off-national-balance sheet spending, or Fed techniques to create money to loan money to other countries so those other countries can come back and buy our bonds.