I smell a HUUUUUGGGE low pressure zone with S&P forming
money flying into bonds
Aug 15th CEO ShamDay here
Fed GreenHam powerlessness slowly exposed
USdollar decline soon to resume
bankruptcies continuing to accelerate (USAir, UnitedAir)
legal prosecutions continue, except for Enron
shareholder lawsuits mount by the week
corporate bond spreads widen, even as Trez yield drop
credit business tightens, with less total lending activity
why the public and masses cannot see it is beyond me
I guess they are just sheep
they find such comfort in their celebrated ignorance
like Voltaire, they have dangerously misplaced trust in the Fed
they have misplaced trust consistently for several years
they cannot discern the Fed's loss of power exhibited lately
it is crystal clear to the trained eye
sad, real sad
I have given up warning 8-10 key friends in this life
when RealEstate falters even with low rates, they will be confused
a smart Boston friend actually asked me why S&P isnt 30-40% higher now, based on the FedModel
I laughed into the phone, but eventually tried to clear it up
WE ARE 20-25% INTO THE GREATER DEPRESSION
only this time, it is a stealth depression
the USGovt, the press/media, many outspoken leaders, the at-risk establishment, they all are denying its horrible unfolding
ironic that the most reliable editorials, research, opinions, and data can be obtained for FREE on the internet
/ jim |
