And, 3 million have their unemployment benefits run out March 1st..
I had this argument before on SI back in 2006 and 2007. Everyone thought the fed could just print stocks to the moon, and to Dow 18,000 LOL. No they can't. Peak oil stopped them, and peak oil will stop them again, IMO.
If we weren't in peak oil, they might be somewhat successful.
Snake-oil meets peak-oil.
They'll print until we collapse, again. IMHO.
Crash of 2010 is in the works baby, IMHO.
Even after throwing $11 trillion down the rat-hole, spending is collapsing and jobs disappearing.
No country has ever printed their way out, never, ever.
They only printed themselves into hyper-inflationary depression, worse than a deflationary depression.
Commercial real estate is blowing up.
5 year option arms are about to blow to hell.
Got 106 trillion?
10,000 baby boomers retire every single day, through 2022-23.
Think I'm being negative?
Here's negative: the terrorists blow the Saudi oil fields.
Or, Israel does Iran, and the Straits of Hormuz get blown up and WWIII begins.
And, no oil.
Or how about china pulls off the nuclear option on the dollar.
The day the dollar died.
Now, that stuff is negative.
Or how about terror 2010 that some are predicting. There's nothing left but debt, no interest rates to cut, nothing.
I've never seen things so risky before.
Buy gold and hedge with shorts?
;-) |
