Global Macro Trends in Eight Charts: The Next Crisis Will Be in Currency [View article]
The Fed can continue to post collateral with the Treasury to continue its above said activities. The amount of income received by AIG, Fannie and Freddie each day makes the press hum. It is easy street for the Fed when you dont have to mark liabilities. I dont expect anything to change for a long time. We can expect asset bubbles, but this is going to be a multi-year biggie. I dont see how the Central Bank can get out of this one, since they have lost control of short rates! It is suicide to allow long rates to "tick-up" and no way a depression acedemic will ever risk it! I feel like a crew member of the pinta or santa maria. Its a sin to expect dollar carry to grease the economy. I feel for younger pensioners.
Treasury, Gold Relationship: One Question, One Answer, One Chart [View article]
I suspect that redemptions are about to change the rallies outlook. Selling stocks to raise dollars. It is lonely shorting the banks. I believe (hope) after Goldman's earnings bam down down....
Global Macro Trends in Eight Charts: The Next Crisis Will Be in Currency [View article]
Global Macro Trends in Eight Charts: The Next Crisis Will Be in Currency [View article]
Treasury, Gold Relationship: One Question, One Answer, One Chart [View article]