AndrewBaker

Wall Street Breakfast: Must-Know News

Wow, all of a sudden we are out of the recession and spurring back to growth! And if we are careful, everything will be alright.

Great news. Fantastic. Let's have a party!

Trouble is, I don't believe it: it's now obvious that the cure that has been decided upon is one where the rich and powerful first protect their own interests by whatever means they can, which includes ramping up the price of any stocks they hold and then selling them off to the great unwashed (us) at exorbitant cost, then using the money to buy tangibles that will prove inflation proof, as the next bit of this grand cure is to ensure that the value of the dollar drops greatly and inflation takes it toll on the massive debt that's everywhere and can never be paid off with real money It will work, but leave us with worthless investments and assets; but oligarchs and plutocrats will be ok, having first protected their own worth before unleashing the inflation cure upon the rest of us.

Wall Street Breakfast: Must-Know News

Well, we all expected the Chrysler deal, but delaying the bank stress tests? They wouldn't do that without some bad stuff being there that they don't want to come out. My SEF for holding, and my SKF and FAZ for short term trading will really show profits in the next week or two and probably longer. The government still won't tell the truth and neither will the banks: until we know the full extent of the financial problems, all of us will lose, and investors who buy this bull market rubbish will lose even more when the next fall occurs, and it won't be long in coming.