Hi Elmat, Folks all around the world better quickly reach out for those yields as they would for a life jacket on a sinking boat.
The Greensputin FED will keep printing as a person would not stop screaming when falling from the 29th floor (until the asphalt pizza moment), and no intermediary principal (no, that would be creditors, not Fannie and Freddie, the Bernakaput tools) will no want to lend out any money to any one at the insulting rates, and so the cash will, as Maurice says so, be spent, on something at some point, some where.
Follow the money, and we should do OK. Get ahead of the money, and we will do better. Lose the trail of the money, and we will be lost.
This financial ride will be the most thrilling one yet, and want to or not, everybody must participate, and the majority will get hurt.
The asphalt pizza moment is when market rates flip up, smacking 90% of the survivors. Then the sun will dry up the mess on the side walk, eventually.
Chugs, Jay |
