Finally, someone with a fully functioning brain comments on Peak

The Daily Crux ^

[sdw2009]

I have to be bullish on energy, notwithstanding the fact that the Greater Depression will curtail a lot of energy use. In thinking about this, the obvious place to start is oil...

[Stayfree]

The author of this article has some other clear views: "The Chinese have, say, $2 trillion in foreign-denominated reserves, of which they say about $1.4 trillion is U.S. paper. They realize they're holding a burning match; they want to get rid of what they have, not buy more. But here's the scary thing: even if the Chinese lent the U.S. all their $2 trillion of FX, it would only cover this year's U.S. borrowing. Where is the U.S. going to get next year's? Because next year, it's going to need even more."

We have been increasing our short position because the market is headed for the sewer very soon!!!

[Auntie Mame]

ping