Im with David Einhorn...the US is Greece...

Discussion in 'Economics' started by retaildaytrader, Jun 3, 2010.

  1. In August, better be a seller. The US is Greece and the bond market is about to go into crash mode. As the price of bonds recede and interest rates rise then one of the ratings agencies will downgrade the US debt where there is a rush of sellers.

    I not only think the US debt is in trouble, but also corporate debt which is also in one huge bubble. When the SPX gets to 1300, sell all you can and wait for the eventual bottom. Dont worry I will tell you when.

    I am with David Einhorn...the US is Greece.
  2. He's talking his book, quite clearly, so I'd take this with a grain of salt. He has, with some success, used a similar stratagem earlier this year to get out of his short Japan trade. Not sure if this will work with the US.
  3. This is the same guy that wrote about Real estate investment trusts continuing their "global march" in 2004?