my head is spinning trying to evaluate all of the unintended consequences of the below story. do they really think this is net-positive politically? what about blowback from responsible homeowners? what about privately held mortgages?
big question:
big question:
does the market read this as a well planned stimulus that cuts to the heart of the problem or as a sign of desperation (political and economic) from a team that lacking in clear policy solutions and willing to bet the farm (and dollar) for short run political purposes?
either way: if this occurs, you have to think short the dollar and long gold.
link: http://blogs.reuters.com/james-pethokoukis/2010/08/05/an-august-surprise-from-obama/
either way: if this occurs, you have to think short the dollar and long gold.
link: http://blogs.reuters.com/james-pethokoukis/2010/08/05/an-august-surprise-from-obama/
