hello c2, we are wrong
but maybe not
else only one way bets left
which had been and will always be unlikely
in the mean nasty time
1. gm bailout will invariably happen, and when so, the bailer will become weaker and the bailee will need to be bailed again
correct price = zero
2. berkshire warren buffett may choke on usa empire shares, as devolution towards -50% progresses, before eventual -50% currency reckoning (against gold, naturally)
Berkshire's Credit Risk Soars on $37 Billion Bet
(Update2)
By Erik Holm and Shannon D. Harrington
bloomberg.com
3. a new wastrel idea to keep the game going? here is one ...
Japanese Float Idea of the Treasury Selling Yen-Denominated Debt
nakedcapitalism.com
We have been mystified at the utter silence on behalf of our friendly foreign funding sources at their willingness to be patsies to continue buying Treasuries when the outlook for the dollar is far from rosy. The US's funding needs are going to escalate sharply due to the need to pay for rescue programs. And we certainly aren't going to raise taxes anywhere near enough to cover the tab, which means we will be dependent on the kindness of foreigners. And they may not be terribly well disposed towards us when we aren't importing as much as we used to.
4. a good one from e-mail in-tray, "no dead cat bounce; just a lot of dead cats"
5. my companion asked me, "what's new today?" and i responded, "nothing much; the market is not down 5%" after having read wrong the information, thinking it was -5 points on the dow
after a bit of listening, it became clear that the market was in fact down 5-6%.
these 2, 3, 4, 5, 6% are beginning to add up into some more serious numbers.
6. e-mailed aig, informing them that since first buying their life insurance policies with the savings features, i have decided i no longer needed the life insurance features, and also no longer needing anyone to hold my savings for me.
cashing out.
will put 100% of proceeds to gold and/or platinum.
should have done that to begin with back in 1991.
cheers, tj |
