Why I'm (Cautiously) Optimistic About the Future [View article]
I, for one, do NOT believe we will be better off in 20 years than we are today.
We have been living above our means (debt/deficit) for way too long and yet we still continue to live above our means. Eventually the day of reckoning will come and the credit card bill (debt) will come due which will force us to live below our means for a long time. The standard of living will be down in real terms for decades.
The main problem going forward I see is that Bernanke seems so obsessed to save the banks and market despite, as the article pointed out, this (historically speaking) mild sell-off...is that Bernanke will soon be out of ammunition with the rate cuts.
If in 6 months or a year the economy is still struggling, the market will be crushed, and there will be nothing Bernanke can do with interest rates anymore.
BTW...how is WallStreet going to react if the bond market eventually crashes one day? With the continued weaker dollar and the low interest rates (way below inflation)...it's very possible one day people (mainly foreigners) will just say "enough," and you will see long bond rates go from 4% to 6%+ almost overnight despite Bernanke having the funds rate this low.
Is Silver Really a Better Investment than Gold? [View article]
Why I'm (Cautiously) Optimistic About the Future [View article]
We have been living above our means (debt/deficit) for way too long and yet we still continue to live above our means. Eventually the day of reckoning will come and the credit card bill (debt) will come due which will force us to live below our means for a long time. The standard of living will be down in real terms for decades.
Don't delude yourself into thinking otherwise.
The World’s Biggest Gold Reserves [View article]
Additional Thoughts on GLD [View article]
Gold Isn't Tracking Inflation as Well as Oil and TIPS [View article]
Gold has doubled in the last few years. The price of bananas has not....yet.
Spread Between Best and Worst Performing CEFs Narrows [View article]
CEF means Central Fund of Canada to me. i.e. Gold and Silver.
Such a nice little fund.
If It Looks Like a Bull, Walks Like a Bull, Acts Like a Bull… [View article]
It's a cash is trash market and you have to do something with your money since everyone knows Bernanke, et al are eventually going to gut the dollar.
If Gold Bugs' Fantasies Came True [View article]
You would probably need 100-1000 fold increase for the scenario you described.
Barron's Goes Bullish on Banks, Again [View article]
So they decided to "call a bottom" after the stocks rallied 25% or so from the bottom?
Really going out on a limb, aren't they?
Dear Mr. Bernanke [View article]
If in 6 months or a year the economy is still struggling, the market will be crushed, and there will be nothing Bernanke can do with interest rates anymore.
BTW...how is WallStreet going to react if the bond market eventually crashes one day? With the continued weaker dollar and the low interest rates (way below inflation)...it's very possible one day people (mainly foreigners) will just say "enough," and you will see long bond rates go from 4% to 6%+ almost overnight despite Bernanke having the funds rate this low.