GOLD 0.51% $1,391.7 gold futures

"Banking is currently secure from a Bank run compared to GFC. As...

  1. 12,259 Posts.
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    "Banking is currently secure from a Bank run compared to GFC. As referred to never bet against the Feds"

    So you can just come out with a statement like that with no evidence to back it. Bank runs aren't the only things that bring down banks. Maybe read the thread and see that the banks haven't been tested yet. Yes, they have been bailout in the repo markets since last Sept to the tune of >$1 trillion for a yet undisclosed reason, but they won't be tested until the size of GDP contractions in various countries is determined in magnitude and longevity.

    You are protagonist of a bubble and keeping the bubble alive, you think that "Japanese prosperity" is a model for the whole world, where debt is monetised with no foreign takers in their bond markets and the best use for their money is to inflate a bubble in foreign stock markets through a flawed ETF system through which stock purchases are made. You can't see that a bubble can't survive when underlying economies become very sick. Good luck to you.

    Some people have just stopped betting if that's OK with you, they aren't betting against the Fed, they aren't betting for or against anything, they are just sitting tight on un-leveraged tangible assets with undrawn credit in the bank and limited exposure to actual money in deposit accounts until this final move in the central bankers chess against the world plays out over the next years. Money printing comes to an end one way or another. Better to be watching it as a spectator than be the cork aimlessly getting thrashed around in the receding tide.Esh
 
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