lucky lenny

Global Macro Trends in Eight Charts: The Next Crisis Will Be in Currency

Daily, you're 100% correct: the Fed has been buying to support treasury prices and creating an artificial floor.

As long as the Fed keeps depreciating the US$; look for gold to keep going up. And with Barack Hussein Obama, harry reid, & nancy pelosi in charge, this will be every day for at least the next 3 1/2 years.

Market Outlook: Expect a Major Shift in Bond and Equity Correlations

Dian, u never explain why we can’t be in the midst of a bull market. Dow now at 9,707; vs. over 14,000 in ’07. The feds are flooding the market with currency; some of which logically will flow to stocks. The Fed Reserve is buying upT-bills as fast as Barack Hussein Obama can run up $2 trillion annual deficits; on top of our $11 trillion debt load. Now, Obama is helping people buy cars, health care, using the gov’t to buy car companies and winning lots of friedns with the unions and company mgnt, handing out trllions of dollars in deficit spending, nice raises in pay for the soldiers in the military, tons of money for local school boards to win over the teachers, etc.. etc... In summary, as long as foreigners continue to honor the US$; and the Fed’l Reserve keeps buying up the T-bills, i can see interest rates staying low, employment going up, & yes, the stock market going to much higher levels.