saywhat1

Julian Robertson Bets the Farm on Inflation

Granville once said "If it's obvious then it's obviously wrong." Seems everybody's betting on inflation. Better be careful about that in a deflationary environment.

America: Is This the End of an Era?

"They have nothing, they build nothing, they sell nothing without OUR demand."

This comment is typical of the myopia of many American financial analysts. The world is a very big place. Other economies can exist independently of US demand for product. It is revealing that China continues to run a trade surplus despite the downturn in the US.

The US would be bankrupt if the dollar were not a reserve currency. The biggest Ponzi scheme in world history is not Madoff's but that run by the US Treasury. Every day new debt is issued to pay off old investors and lure in new ones. Some day it will all end badly. It is inevitable.