Yankee Running Dog

Tuesday Outlook: Commodities, Emerging Markets

Nothing like a whipsaw to make us all humble. I still have my ETF shorts and am thinking along the lines of Nationalize Everything above. There still is going to another nasty downdraft. I start to feel naked without the shorts.

Here is my dime store philosophy for the day:

The quick and dirty cure for the financial meltdown is for the world to basically declare itself bankrupt and all debt is written off at 9 am tomorrow morning and there is a new beginning.. 95% of the worlds population would love it, 5 % that controls all the money and power would hate it, as they would have to go to end of the line. It is a shame that the fraudsters are going to make the 95% go down with them, just so they can keep their position at the top of the pile.

Thursday Outlook: Commodities, Emerging Markets

I have been enjoying this post since March. The comments seem to fit into my way of seeing the world, very refreshing. Enough of the intro, I'll cut to the chase.. I'll ask three questions

You brought up a very interesting "incident" with CNY. It dropped from about 36 to 30 in one hour with no movement on the Yuan. Is this the result of some derivatives gone bad or one of the financial backers choking on its own black hole?

One of the money market funds is now at 97 cents. Is this more derivatives going down a hole... With so much cash in money market funds, do you think they are at risk?

TIP is slowly going down hill. I bought some in Feb at 107 and have been pleasantly surprised with the yield. In seven months of monthly dividends, the annual yield is at 7.78%. Not bad for AAA gov bonds. Maybe somewhere in the government data banks, there is a real number on inflation?

Yankee Running Dog