Posted on 11/18/2011 2:20:36 PM PST by Nachum
Something major is occuring in the markets today.
The US economy peaked in 2007. However, throughout much of 2008, the stock market continued to rally despite the economic collapse as well as the financial system imploding.
Throughout this period the credit markets jammed up and implied something VERY BAD was in the system. However, stock investors continued to pile into stocks because, well, frankly stocks always are the last to "get it."
And when stocks finally did get it... it was quite a thing.
This same environment is occurring today. Only this time the collapse is sovereign in nature: entire countries are going bust.
We have been getting MAJOR warning signs of a collapse for months now. No less than the Bank of England, the IMF, and legendary asset management firm Franklin Templeton have warned that we are facing an epic, hellish crisis.
We got the first taste of this in August when the S&P 500 literally wiped out a year's worth of gains in two weeks The only thing that brought us back from the brink at that time was the belief that the EU mess might be solvable and a coordinated intervention from the world Central Banks.
(Excerpt) Read more at zerohedge.com ...
See my post at #80.
Mr. Conservative
Sorry, but I don’t understand your point.
I asked dfwgator, “Why? Why Zinc instead of say copper or aluminum?”
and you reply “Mr. Conservative”.
‘but distractions from...what?”
Excellent question.
I have been asking myself why Obama’s Administration and the EPA have been pushing for multi-million $ loans to companies that are all going bankrupt. Over a billion dollars to Solyndra and a few other “green” companies that just disappeared into thin air, but the media is disturbingly silent about it. And these are only loans that we have been told about. How many more billions of dollars are we being fleeced of? Why is there such a big push to continue making bad loans? Who is benefiting?
Perhaps they know the global economy is about to go “BOOM,” followed by domestic rioting, food shortages, war between India and Pakistan and China, or war between Iran and the rest of the Arab states (including Israel). Is it possible to elites are getting their “ducks in a row” in preparation for a complete global meltdown, and are going to leave us “breeders” to fend for ourselves.
Just a thought.
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