ballsschweaty

Ben Bernanke's Tightrope Act

Ben Burnandkaput will destroy the dollar. We are about to witness true capital flight. Wealthy Americans will shift their dollars to precious metals and foreign currency. Foreign central banks will stop buying treasury and agency debt and instead sell the dollars on the open market.

Burnandkaput doesn't understand economics. You can't print your way to prosperity. If you could, he could send everyone a check for $10 million and eveyone can retire. It doesn't work that way. One way or another, Americans will be forced to live within their means. Unfortunately, that won't happen until the end of a hyperinflationary depression.

Enjoy!!

Soybeans and Wheat Continue to Romp

Canada and Australia will both have huge bumper crops this year and nobody seems to notice. I expect wheat to crash towards $6 later this year.

Metals, Agriculture Extremely Overbought

As long as Helicopter Ben and our congress believe that printing money is the answer to our economic problems, commodities are the only place to sit if preserving purchasing power is desired.

Until I hear the Fed and/or congress say that we just have to accept a recession as a beneficial cleansing for past excesses, I will stay in commodities.

Friday's Outlook: Stick a Fork in Mr. Market

Fed will lower rates today and the shorts will be scrambling for cover.

LOL!!!