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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 366.07-0.1%Nov 6 4:00 PM EST

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To: carranza2 who wrote (47640)3/19/2009 7:21:29 PM
From: TobagoJack1 Recommendation  Read Replies (2) of 217561
 
just in in-tray,

i would add to that, the news of the Fed monetizing more debt is not an inherently bullish event as is falsely claimed everywhere.

apart from the fact that it is testament to increasing desperation, there are two possibilities:

1. it has no effect at all, because the private sector credit deflation simply continues to overwhelm the Fed's efforts, or

2. (and actually worse...) , the Fed succeeds in temporarily halting the bust and raising prices and so forth, in which case we'd have yet another unfinished correction, and more capital would be misdirected, ultimately resulting in even more damage to the economy than the Fed's policies have wrought already.

there simply are no positive effects to be expected. the policy is insane.
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