The pundits are always saying rates are NOT going up.
The pundits on TV say all is well, and the US pumps out 18,000 jobs (*OMG).
The Pundits say the market is fine.
The pundits are all wrong/
The guy to watch is Bill Bonner at the Daily Reckoning. In Canada - Garth Turner. They speak out of one side of their mouth and they know of what they speak.
Both nice people too.
Deal is this:
We are entering a new era. NO ONE knows what the heck is going to happen in Europe. Of the United States does default - waht? (Turner says it won't).
The EURO Zone is done.
Where do I get yield?
Housing is crashing like ten pins, in most of the world.
25% of Americans depend on food welfare.
25% are underwater on the mortgage.
People are broke - tapped out.
OK - tell me - where do you make money now?
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