This time the US public is going to be caught with their pants down. Credit defaults move very quickly. The motors that drive the economy will gum up in a few days.
For those of you thrilled with the recent bear market rally, your gains will disappear literally over night.
Watch the safe havens: USTs, Gold, Silver, and to some very small extent Bitcoin (which will happen when cash controls are tightened in some third world sh!t holes.)
Completely agree with your statement, and your point about CDS.
People say they cannot fathom the "credit bubble."
Well, here it is.
Obama wants to have his cronies to buy him his Hawaiian mansion and to be installed as the new Secretary General of the United Nations before the scat hit the fan.
I expect to see this scene in the near future:
Why have the markets "rallied?" As has been the trend, it makes no plausible sense.
The traders cite "stronger than expected jobs reports."
Are you frickin kidding me? Those jobs numbers are pure lies, and they know they are lies.
The global economy is already in Recession, and the "D" word may become a terrible reality.