easy credit means cheap money moves offshore rather than invest it a busted currency like the dollar...
eventually, offshore cash will return to purchase assets at rock bottom values.....
cant see money supply inflation WITHOUT asset value inflation.....the two share a lung
Greenspan's 1% FF bubbled housing and now there's a bust-panic-bailout
after reading all this, i have a guess that a number of Arab countries are about to de-peg their currencies from the USD .....
something oil/gold are saying (to me anyway) that the current pegs are not sustainable.....
I just wonder if this comes to pass before of after the next rate...
if you happened to catch the House Banking Committee questioning of Bernanke during the last Humphrey/Hawkins session....
you'd wonder how they found their way to work that day.............
you're being defrauded of your purchasing power to cover for ridiculous monetary policy and a refusal to fix systemic imbalances which the currency market is finally starting to address...
the Dollar is being punished for a reason....got gold?
mave said what i think, but in the longer view, massive economic earthquakes usually leads to war for whatever reason, WWI, WWII..as examples....
a population that gets really hungry and angry morphs into dictatorship....
Adolph wrote about this....
not sure about now, but there were some real deals on bags of junk silver that a few houses were trying to move due to lack of demand ...a few months ago
minimal premium over spot....
the 73 - 74 bear market cratered everything but that then lead to skyrocketing bonds yields in the early 80's...my first car note carried a 20% interest rate for a 4 year term
30 year treasury yields were 15%
mortgage rates went to 12-14%
so things can get worse...much worse