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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Gemlaoshi who wrote (85569)	1/4/2012 12:47:48 PM
From: carranza2	Read Replies (1) \| Respond to of 217981

Yes, I think they will print, esp. the ECB, but the deleveraging cycle is simply too powerful for any CB (or all of them) to stop. Good for gold, of course, esp. since part of the tactic will be to try to keep interest rates low. As Rogoff and Reinhart conclusively show, deleveraging for years inevitably follows the bursting of a credit bubble. All good for gold. This is really all we need to know from a macro standpoint for the foreseeable future. It is the known/unknown. The unknown/unknowns are political, i.e., Iran, Arab Spring and their effect on oil, and the political repercussions of deleveraging on the EZone. The unknown/unknowns are why one must have a position in cash, oil and in the best corporate equities one can find. All my opinion, of course, with which you can get a cup of coffee, provided you also tender $1.25.

To: Gemlaoshi who wrote (85569)	1/4/2012 1:26:18 PM
From: Cogito Ergo Sum	Respond to of 217981

or do we create a larger problem by multiple QEs as the CBs assume the leverage that should have been cleansed in the private sector? most it seems anticipate that this wrong thing WILL be done...

To: Gemlaoshi who wrote (85569)	1/4/2012 10:53:49 PM
From: Maurice Winn	1 Recommendation Read Replies (1) \| Respond to of 217981

Deleveraging is now conventional wisdom, but I don't see why it's so essential. <deleveraging is necessary and must take place. > Which is not to say that continuing to increase debts is a good thing or even achievable. In fact, I'm thinking of borrowing loads of money, if somebody will lend it to me at the right price. If everyone is wanting to deleverage, there should be loads of the stuff lying around for me to borrow at low interest rates. So far, it seems that plenty of other people are borrowing and the bids for the available money are still exceeding what I'm willing to pay. Mqurice