at that time,you will only need a little to buy a mansion,hot babes and fast cars. yes thats what he meant
I was thinking the same thing, then I thought that Vic either does not trade or already knows it, and possibly hoping that this TV appearance would lead some selling of bonds that would allow a chance to get out if he shorted bonds. Notice some unease and the mention of "bonds are for trading". That suggested to me that he may be in the red, and counting on traders to sell the bonds?
some things for Trader Vic ..... one leading indicator should give Trader Vic pause. According to Trade-Futures' Daily Sentiment Index, the percentage of bulls among traders of gold futures in May hit 98%. This record-high reading suggests inflation has been widely anticipated and is therefore not likely to be the next big event. Real-estate prices crashed in 2005. The stock market crashed in 2007. Commodities crashed in 2008. Despite bailouts and huge spending, these HIGHS are still in place. ROC = Rates of change on the Producer and Consumer Price Indexes have been hovering near zero. Despite the Fed's monetization of $1.5 trillion of debt since 2008, imputed M3 -- a key measure of the money supply (actually credit supply) -- has turned down. In hyperinflationary times, people are desperate to get rid of their wheelbarrows full of money. In deflationary times, people are desperate to obtain money. Today, it is difficult to get anyone to part with a dollar. Homeowners can't make mortgage payments. Employees are taking pay cuts. Retailers are cutting prices. And jobs are scarce.
How does one save for a down payment on a house when bread costs $20.00 a loaf? Your house value will continue to drop.