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To: ecrire who wrote (21121)4/5/2010 1:25:52 PM
From: NOW  Respond to of 29622
 
slowly divesting here



To: ecrire who wrote (21121)4/5/2010 2:45:55 PM
From: polarisnh4 Recommendations  Read Replies (1) | Respond to of 29622
 
ecrire,

If you are going bullish now maybe it is time I start to unwind my long positions.

Steve



To: ecrire who wrote (21121)4/5/2010 3:11:18 PM
From: GST  Respond to of 29622
 
<IMHO the Fed must choose between monetizing or Congress must raise taxes and curtail spending (politically unlikely)>

I agree -- but to that I would add that they will need to reverse the trade deficit and quadruple the savings rate in addition to raising taxes and cutting spending -- i.e. deal with the full range of underlying international causes of the current account deficit and not only the very serious domestic ones.

Probability of any of that happening? Nil. Probability of monetizing? 100%. Buy gold.