<The citizens of the world are happy, yes happy, to contribute to the US's capital account to the tune of $2 billion a day. >
Well sure... just like US citizens used to like to buy billions per day worth of stock... until they didn't. Just say 100% chance of repay... it's just as true... same for England, Germany, Sweden, Norway, yada yada yada. So what?
<Unlike other casinos, this casino has a 107% payout - 125% on good days.>
Actually, unlike casinos, you don't know what the payout will be going forward... the world is not a coin, flipping repeatedly... many different systems constantly changing potentially no where near normally distributed, or perhaps many different distributions... or perhaps we don't have a freakin clue [most likely].
<The manufacturing sector is hesitantly emerging from what some say is the worst recession in 50 years. >
Or not... average age of an automobile is tickling the lows... doesn't sound like pent up demand to me... which drives steel, rubber, many others... Alcoa, Cat, don't see much good news.... I see 'orders without profits' in some cases... time will tell... but MR. Market sees no profits worth holding stocks for at the moment.
On the dollar... well, I'd be more sanguine owning it if it HAD been pounded... it's just started, as you point out.
DAK |
