Tony Daltorio

Great Expectations for Obama, But Not the Markets

I don't care if it's caused by greed (tech & real estate) or fear (Treasuries)--- a bubble is a bubble is a bubble. When this bubble bursts, there will be more huge losses for the Wall Street community.


On Nov 11 08:42 PM Georealist wrote:

> After reading JasonCs post I feel like I need a United Nations Translator...what
> can he possibly mean..if anything? The real price of something IS..what
> people pay for it in the market! Or is someone talking to him privately
> and only JasonC and a few select others know the REAL answer?
> As for the article..there will always be optimism about something..what's
> the point? The flight to treasuries is defensive and fear driven..hardly
> the stuff of great investing or bubbles.....
>

Great Expectations for Obama, But Not the Markets

I agree with what you are saying. The people with money - China, MidEast, etc. will spend the money they have helping their own people, NOT bailing out the US. I think that when the massive Treasury refundings really begin in earnest next year, Wall Street will be shocked that most of the foreign investors who normally buy Treasuries won't show up.


On Nov 11 08:36 AM David Martin wrote:

> Spot on analysis.
> What is your take on the impact of the Chinese plans to spend another
> $300 billion a year themselves, leaving them with little budget surplus
> and presumably buying less US Treasury bonds?
> I(t soundds bad for US funding and the dollar.