Tuesday, December 07, 2010

OIL BREAKS TO NEW HIGHS FOR 2010


Now talk of "QE 3" is getting market all jazzed up? This has gotten quite insane, bullishness at 2007 levels but some area of economy like jobs, and housing have barely recovered if at all! Given HOUSING has led 7 of the last 8 recoveries, I find the rally more than suspect....but BILLIONS pumped to the right people, sent to the right areas, will continue to INFLATE PRICES.
In the meantime a RECORD number of Americans need GOVT assistance a staggering 20% !!!!
Patient may be on life support, but there is NO sustainability without continued EXCESSIVE HISTORIC intervention, and THEY make it seem like it can go on indefinately, a backstop, a Bernanke PUT on markets....in the meantime yields have risen and commodities, some have hit new highs.
As $'s flow FROM this country TO others, it poses inflation issues and imbalances....this is no remedy, this is no way to run a railroad...this will end badly...just not today
Duratek

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