This is about I believe, sucking people dry. Its about trapping a generation and debt is the instrument of choice. Deflation simply traps people for a longer period of time, an easy way out will not be given.
Has it ever occured to you that maybe the economy would have been a lot lot worse - perhaps Citibank or Merrill lynch going under without the liquidity boost from the fed? On another note, I think commodity is carving up an intermediate bottom around here but I'll wait until tomorrow's statement and take it from there. If you hadn't noticed, most of the commodoties are near support levels: 1) CL close to 120 2) RB right around 3 3) Gold, right around 900 4) Wheat, 7.50 5) Rice 16.00 6) Corn 5.50
You are too funny. You talk about your libertarian ("let the banks fail" and "don't bail them out that's socialism" crap ) and yet you have no problem NATIONALIZING them and SEIZING their assets and jailing management. You sound incredibly confused. Did you not take your Thorazine or Haldol today?
Well better late to the party than never showing up. http://stockcharts.com/h-sc/ui?s=SMN&p=DAILY&b=5&g=0&id=p59904434654
No, of course it doesn't occur to him. He doesn't think that the American economy needs the banks as financial intermediaries that facilitate CAPITAL FORMATION that stimulates economic investment, expansion, growth, jobs, etc. His intellect is severely limited.
What we witnessed today is a selling climax in the commodities markets. Emphasis in market perception shifted from inflation to deflation and the majority view is currently that demand for raw materials will decline in the near future. As a result, commodities corrected over 20 percent since the beginning of this month: http://www.bloomberg.com/markets/commodities/cfutures.html Expect a sharp bounce tomorrow as selling pressure is relieved. I recommand going long Natural Gas, Aluminum and Zinc futures. NG and Aluminum supply is becoming increasingly tight. Zinc is due for a major correction as mine closures will wipe out the current over supply.
You forgot to mention over leveraging and greed. Why should the tax payers pay for this? The Fed has been asleep at the switch. Securitization, used by banks and brokerage firms has been going on for years were was the Fedâ¦.. asleep at the switch it would seem. These banks and hedge funds that overleveraged should go bust, thatâs how free market work. If they were to let a major bank go under it would send a message to others and there stupid greedy scams would cease. But know lets just get the tax payers to foot the bill and encourage even more risky behavior from our financial institutions.