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New Orleans was full of liquidity after Katrina, says Jeff Gundlach, beginning a presentation...

New Orleans was full of liquidity after Katrina, says Jeff Gundlach, beginning a presentation titled, "The Big Easy." The major global central banks are all engaged in circular financing schemes, funding gaping government deficits with money minted at the touch of a button. As a group, the central banks are expanding balance sheets by about 3.5%/year. The Fed's QE isn't going anywhere for years, because the Fed can't exit.
Comments (2)
  • TheFinancialTap
    , contributor
    Comments (8) | Send Message
     
    Definitely is a good time, in my opinion. This Bull Market has done a wonderful job in shaking out even the most die-hard Gold bugs. Sentiment is equivalent to 2008 crash levels and the long consolidation looks about done.

     

    I think it's Showtime!
    http://bit.ly/XRkVor
    5 Mar 2013, 04:58 PM Reply Like
  • Uncle Pie
    , contributor
    Comments (2687) | Send Message
     
    As Byron Wein pointed out on Bloomberg TV this morning, it took 94 years for the Fed's balance sheet to go from zero to $1 billion (1913-2007). Currently, the Fed is increasing its balance sheet by $1 billion per year!
    Interesting article on the Bloomberg website the other day pointing out that China has enough currency reserves ($3 trillion) to buy all the gold held by all the world's central banks...twice over!
    5 Mar 2013, 06:32 PM Reply Like
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