coldcall

A Market Rally in Monopoly Money

Michael,

Interesting point you mention about the threat of negative interest rates in order to get everyone spending and borrowing like druken sailors again.

In fact here in the Uk the government has already started lecturing us ordinary folk that we are now saving too much and not borrowing enough. In other words, its all our fault that the economy isnt picking up as expected :-)

Check this out in today's Telegraph: (BOE warns against thrift!)

www.telegraph.co.uk/fi...









On Sep 21 06:13 AM Michael Clark wrote:

> Another good article, J.S. So the Fed is giving with one hand (stock
> appreciation) and taking away with the other (dollar depreciation).
> So this stock rally is designed to make us feel good, good enough
> to throw our savings back into risky assets like housing or stocks.
>
>
> Wait until the negative interest rates come: to penalize American
> citizens for saving. This will be the final act of cowardice -- and
> should be considered a second 'shot heard 'round the world': the
> declaration of a governmental tyranny that must be resisted with
> force.