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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Madharry who wrote (46156)	1/10/2012 9:58:58 AM
From: Spekulatius	1 Recommendation Read Replies (1) \| Respond to of 78615

The Chase person doesn't really want to give any information about the MF Global case because of lawsuits. I do think he knows stuff that we don't - we probably can read about that in MFGlobals bankruptcy filings years down the road. As for the financial transaction tax, while it is true that financial transactions are not the inherent problem you can chase some undesired business away when taxed right. For example a small transaction tax on stock sales or buys that is unnoticeable to individuals could do wonders to chase high frequency traders away, which I think would be better for the markets. Over (or should we say under) the counter Derivatives could be taxed to force them on exchanges. As for the US, the Armageddon day will come when people notice that the US fiscal deficit is twice that of Italy. If the US bond market crashes, the US banks holding boatloats of treasuries or GSE papers will look just like Italy's banks, the printing presses will run amok and Ben's helicopter will be circling Manhattan like a swarm of bees. We will also go from a 9% fiscal deficit of GNP to zero in a year or two, with obvious consequences for the economy. At that point, Gold will look pretty good, I presume.