Investors....come in please!

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http://mikenormaneconomics.blogspot.com/2012/05/kyle-bassdumb-dumb-clueless-dumb-and.html

"Never mind that people have been making this same, misinformed, prediction for the better part of the past 20 years now and despite the fact that Japan's debt is three times that of the U.S. yields on 10yr JGB's are a paltry 0.88%. In addition, Japan's inflation rate is, like, ZERO, and the yen has been so strong that it's caused Japan's monetary authorities to have to intervene (something they are loathe to do) to try to get the [censored] thing down and that hasn't worked very well."
 
^ +1.
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Sold all of my shares of USSPX today. This fund is up 29.7% since I bought it this time last year (well, as of yesterday's close). Methinks those resources will be best served as cash for a little while.
 
Originally Posted By: Drew99GT
http://mikenormaneconomics.blogspot.com/2012/05/kyle-bassdumb-dumb-clueless-dumb-and.html

"Never mind that people have been making this same, misinformed, prediction for the better part of the past 20 years now and despite the fact that Japan's debt is three times that of the U.S. yields on 10yr JGB's are a paltry 0.88%. In addition, Japan's inflation rate is, like, ZERO, and the yen has been so strong that it's caused Japan's monetary authorities to have to intervene (something they are loathe to do) to try to get the [censored] thing down and that hasn't worked very well."

They've been at QE for 20 years and yet there is still no meaningful uptick in their economy. Kinda' obvious that this stuff doesn't work.
 
Originally Posted By: Drew99GT
Tempest said:
Yup, and the Yen never collapsed, there was never hyperinflation, and rates continue falling.

I dare you to read this Tempest.

http://www.businessinsider.com/bank-of-england-debt-cancelation-2012-10

http://www.businessinsider.com/top-clien...gn-debt-2012-10

But we were told under oath that this wouldn't happen....

It's funny that those articles show that QE is inflationary until "the right time" that the balance sheet bonds will be sold back to the market. And whats to keep rolling over the debt on the balance sheet indefinitely? The net effect is the same while looking legit on the books.

With all of this central planning going on, it's no wonder the Japanese' and our economy are in such a mess.

And I don't recall ever talking about hyperinflation, but rather increased inflation. And I'm not talking about Core or CPI, I'm talking about real inflation that people can see at the market everyday.
 
LOL, the AM purchase is underwater. Fortunately, the heaviest purchases were placed just before the closing. Felt like panic selling to me. Will know for sure soon. I guess I should have waited for a rebound, but gold @ $1700 was my target. Interesting, gold is only slightly down, and silver is up today, so I'm hopeful.
 
Actually, I noticed the same effect in PM miners after hours yesterday. Would you say the conspiracy extends to PM too?

The fact that there was a low at the end of the day documents that most trading is high-frequency or day-trading and few traders want to carry positions overnight.

Also notice that dollar went down after hours too.
 
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