SB,
I really don't know what they are going to do, and there is my point. The markets have nothing to do with anything based on reality.
As for deficit reduction, it is possible. Ben is a very dangerous nutjob. His plan will at some point cause Treasuries to implode and rates to shoot to the moon. Are they smelling that yet? I don't know, but they should, as there are plenty of signs that the end is near. As I posted a while back, this Fed plan to recycle their "balance sheet" (and I use that term in the loosest possible sense) could backfire on them after the initial games are played.
The problem with deficit reduction is that it could strengthen the dollar, and we know our government does not want that. And of course your assumption about the market going down would be right, for our entire market is nothing but an inverse on the dollar.
I really don't care at this point. I'm short, but if I'm wrong, my bullion will do it's job.
I do laugh day after day as <someone> buys this market based on gamed data, no volume, machines front-running every trade, and from my perspective, clearly declining macro fundamentals. But this is America and none of that shit matters really...until it does. Just like Bill Miller screaming that housing stocks were the buy of your lifetime as housing crashed, the consensus on the street is usually very, very wrong.
Wait, here comes President Zero to say nothing again. Every other day I have to listen to this Zero say nothing.
GT
TH |
