Worst economy since 1914!!!!
Fear mongerer.
Well, at least we can blame this on the Democrats when they take office later this year.
Maybe the most “useful” line in the story:
“Given the speculation in commodities and panic buying of contracts in a manner that is inconsistent with demand, I sense smart money is quickly moving to tangible assets (like gold). If we have a sudden crash in prices of commodities, I’d interpret that to mean investors are liquidating anything they possibly can in order to meet obligations and the Fed’s attempt to inflate is failing. Or, prices could keep precipitously rising as an early warning sign of pending monetary inflation brought on by the Fed’s policies. We’ll be looking at 10% monthly inflation in 12 months or half of all banks will be out of business. Or nothing will happen. Either way, we’ll have a much better idea of where things are going soon enough.”
ping
>> So, let’s say you put up $10 billion as colatoral
Sorry. I have a really, REALLY tough time swallowing “financial wisdom” from someone who can’t even spell “collateral”. ROFL!
He covered all the bases so he can't be wrong. I got to respect that.
Nah, more like a return of polyester, Pet Rocks, and a reunion of the Starland Vocal Band. Ben Bernanke is Arthur Berns’ long lost love child.
Um, OK then, thanks a lot...
Ah, so now that Celebrity Deathmatch is passee, now we move on to economists? or is this some secret Halo level I'm not aware of?
So to sum up, we will have either a panic or not, massive deflation or inflation, or maybe nothing. Thats the gist of the last paragraph.
Run on the banks? That is a joke. The average person is $20,000 in the hole. Are they all going to suddenly run down to the bank and pay it off? Maybe it’s $40,000. Whatever.
Wow. I read this paragraph in the article:
Given the speculation in commodities and panic buying of contracts in a manner that is inconsistent with demand, I sense smart money is quickly moving to tangible assets (like gold). If we have a sudden crash in prices of commodities, Id interpret that to mean investors are liquidating anything they possibly can in order to meet obligations and the Feds attempt to inflate is failing.”
And then this just an hour ago:
“Foreign mining stocks hit as metals prices fall”
Were you around in the 70s? Don’t worry about runs on banks. Don’t know anybody with enough “savings” to run for.
Yes, if the government tampers in any way whatsoever. If we just let the dipsh!t investors stew in their juices, then no.
There is that phrase again.