Sera
Great read
Thank You.
last 2 paragraphs caught my attention (below) though
This will end in disaster just as it did in 2000 and 2008. Once again we have the same folks proclaiming a new bull market is underway. Once again we have the world believing that the Fed can fix everything and that "funny money" can prop the whole financial system up. And once again, we have people getting bullish despite the fact that a full-scale debt Crisis is already beginning in our backyard: state and local governments are literally on the edge of the abyss in terms of their finances.
Which probably explains why investors are fleeing into the "perceived security of Treasuries" even as stocks continue to melt upwards. Treasuries may not offer much return ON capital given the current yields, but with the Financial Crisis ready to explode anew, this time in the US, the mere fact Treasuries offer a definite return OF capital (the US can always print money to pay investors back) is relatively attractive.
3% return on treasuries how will that fight the inflation created by the funny money printing machine!!!
Seems just as dangerous IMO. Makes Gold sound attractive to me
Zzup ;))
Tha No Idea Guy With Tha Big Mouth
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