Tuesday, July 12, 2011

Of Course - 30% for a 2 year Bond?

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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