Carl Spackler

Tuesday Outlook: Commodities, Emerging Markets

Your stuff is always a must-read for me!

Another Bloodbath?

"A wink is as good as a nod to a blind horse" - Quote from a drunken student during my college days,

You guys are clueless if you think thinks are improving. We are in the throes of a major deleveraging and an unprecedented loss in the velocity of money. Money is not circulating and our money velocity is cratering. Fed wholesale dumping of cash is doing no good because that cash is immediately being "stashed" and hoarded. Unless people and banks start spending this money, we will continue to crash. Big downward moves like the market will show this morning do not help the sentiment of those with the money.