A coupon pass from the Fed today. Nix that no liquidity selloff,
for now. Keep the BK waiting game, though. -g-
a) The job report brought USD back into the black from abyss.
For how long? Good question.
b) Interest rates are ticking up big time today.
c) Stocks are flat. I am surprised! Should be up, given the
coupon pass. The reaction of the buy monkey crowd
so far is kind of weak...
In general, the main risk of abyss is in the dollar, but it
will sure drag down everything if, or when, it goes there. The Fed?
They are in checkmate situation, with lower dollar hanging on a
thin thread, rates ticking up, and high inflation. The crisis
could be coming soon, but patience is your friend, for now -g-
/-ng-
The USD crisis that's coming will be no fun. Thank you, AG and
Ben, for
arranging it! That bailout of the rich with the housing
bubble, major tax cuts, and an unnecessary war in the
post-y2000 stock bubble collapse was sure necessary. |
