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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 387.40+0.5%Dec 9 4:00 PM EST

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To: TobagoJack who wrote (76696)7/21/2011 5:03:14 PM
From: carranza22 Recommendations   of 218305
 
Very nice, and well earned.

But don't fret about the message. This is the skinny:

A lot more CDS being bought on the sovereign debt of the biggies and the cost of the so-called protection they afford is going up. Given the CDS costs/rates, studies suggest that the sovereign debt of the US merits AA, two notches down.

In other words, the speculators and the bond vigilantes are on the prowl.

What you do need to ponder, if any blood is making it via your tummy to your head, vbg, is this: Why is everyone so damned placid? This isn't fun and games. This is some serious stuff happening, the drumrolls can be heard in the distance.

I feel what Winston Churchill must have felt when he went on a relentless and lonely crusade against the Nazis but no one paid attention.

Don't worry, be happy.

Yeah, sure.
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