Wednesday, August 11, 2010

RALLY TIME

IN the US $ and Bonds!

FED comes clean like a pick getting hosed down in a mud pen.

Yields signal severe economic contraction. Small BUsiness does not see blue skies (NFIB SURVEY)

WHY rag on the US $ when all fiat currencies are getting shredded? then there's the YEN. Slowing in China? can't they keep making stuff even as economies contract, consumer spending slows?

RECORD GOV and FED intervention, almost 3 years after crisis began in 2007......do you see the results? now they say...oooops, we dont see expansion....credit still contracting....but DO NOT WORRY WE GOT YOUR BACK!

I'm not worried at all.....

Futures ugly red (lets see if buyers step in late) NIKK down 3% overnight.....their 20 yr chart says it all folks....get used to it.

D

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