Bubble bigger than housing about to pop
The market is ignoring a huge looming bust in Treasurys, but there's still plenty of time to get out.
That means bond prices have nowhere to go but down. And down big.
"The Street believed housing prices would never go down."
Really? Everybody I know, knew it was insane, couldn't last, and would end bad. However, we didn't know exactly when, the same goes for the bond market bubble.
It all starts with out of control Federal spending.
I don't sabe much of this, but I do recognize a few very dangerous facts such as gross indebtedness. It reminds me of what my
father use to say, " New Presidents soon find out that it is the bond market that is the boss and not themselves." So when
the bond market says were screwed that means we probably are.
And one more point ---just what do these comments do to our economy or our wonderfull politicians?
Absolutely nothing ---all these comments do, is allow us to vent.
No doubt that the stock market is filled with a lot of hot air waiting to escape. The Fed is doing no one a favor by allowing this bubble to continue to grow unabated.
Love to see my investments go up because I know they will be going down a lot and only hope that my losses are not too great. We need real economy growth rather than cheap money that allows speculation.
For Airplane Al
Buy bullets? Where? I went into WalMart yesterday & asked for a box of 9mm shells. The clerk said he had just gotten in 30 boxes & were gone within an hour. The store literally did not have any kind of bullets to sell. Nothing. But booze on the other hand seems to be in plenty supply. For now?
Look people ,what do you expect .lets look at the Big picture .We're 16+ trillion in debt .One way to offset this is to print more paper ,monotizing our debt (that we are paying ) with higher energy cost and consequently, higher food costs just to name a few. Inflation truly HAS BEEN OVER 100% during the past 6 years. And a good portion of our debt is held by foriegn countries who will lose far more than us the USA citizens.
So let the bond prices plummet ,and invest in cold hard GOLD while its at 1500-1600/oz.
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These hot movers could rise by double digits in coming months.
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