'the great infla-defla debate' - that's the crux of it, eh, wouldn't we all like to know for sure ... mish is a smart guy and presents powerful arguments, still i think the Fed will pull all the stops on fiat creation if/when there is much of an housing bust in the US ... using the japanese as a model, i dunno about that, they are a unique culture, norteamericanos are much more willing to spend what comes in, and if/when the guvmint delivers by helicopter or otherwise, well then we'll just spend it, that's all ... it's just so easy to make more of an abstract concept like 'legal tender', just shift digits and decimal points around on computers, and hey why not, if some is good more is better, right
Notice that they call it legal 'tender', not legal 'sturdy' or legal 'robust'
One thing canucks can do easily is short the usd in terms of loonies, by buying US-listed stocks and leaving the buy power in the form of loonies in their -E account [usd accounts here are designated -F] ... i'm doing this lately, just by not doing the exchange for what i've spent on Metalline, they charge a bit more interest this way, but i expect to do the cambio at a .925 loonie or so, if that works out it'll be worth it
Well we are thoroughly beachified, there is sand still in my socks and the kid makes me pack around five pounds of busted shells and pebbles that were pretty when they were wet, lol ... much has happened, a few tankolas, bmc, aun, cuu, ouch, shoulda stayed at the beach where i was missing the market, now it's the other way round
Nickel at 14.51 earlier - that's very close to 1.00/oz troy ... at what point are metals designated 'precious'?
rng.to - tyke, you were sure right on this one ... i was listening, just hadn't picked up shares yet, didn't get a round tuit |
