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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 374.96+0.2%Nov 19 4:00 PM EST

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To: TobagoJack who wrote (68333)11/18/2010 7:09:49 PM
From: Canuck Dave  Read Replies (2) of 217896
 
Thanks for the reads. I really enjoyed "What it feels like to be bought by a Chinese Company." It confirms other stuff I've read about how they do biz.

I see someone else was also quoting the Fiat Money in France book on the thread. It might be fun to go back and look over the newspapers of the day. Was popular press behind stuff like the "print a little more and all will be well" mantra, and the eventual forced loans etc?

When I see the kind of drivel in the media these days turning black into white, have to wonder. How do you have a collapsing economy and print money like hell, and expect anything else than a bad ending? You can see 101 reasons printed why QE won't cause gold to go up, and yet...

I wish I had the link, but someone posted a video of the evolving yield curve for the last 10 years including the inverted curve just before the 2008 stock market collapse. Fed has now clamped the low end and is buying 2-7 year duration to give a "normal" yield curve trying to prevent a crash.

What could possibly go wrong with doing this? Well, one unintended consequence is that everyone else is front running Fed purchases and dumping longer duration to do it. Rates are creeping up.

Then there's all that freshly minted money.

CD
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