If he is, it will be a first for him!
Fleckenstein: The market is unshortable
- Thread starter nitro
- Start date
The Fed is doing exactly what they should be doing. Delaying a rate increase to allow more time for the smoke over the Euro and the Yen to settle. What the dollar does in relation to the currencies of our trading partners is important. The Fed understands that. (Also there is the problem, for us, of the Chinese not allowing their currency to trade freely.)
Piezoe, you need to remove your political orthodoxy from the equation. Schiff is neither right nor wrong. Same with the Fed. The difference is the arguments they are making are on different time frames. Analogous to me saying buy AAPL! Nitro saying Sell AAPL! I'm buying AAPL for a .10 scalp and Nitro is shorting it for a long term short.
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The economy is edging closer to a 'black hole'
Stephen Scott, managing director at Longboard Asset Management
3 Hours AgoCNBC.com
COMMENTS Federal Reserve's holding pattern on interest rates should signal one thing to investors: start brushing up on astrophysics if you want to understand why the world's economy might be approaching a cosmic conclusion.
Like a massive star exploding into a supernova, debt is rising at a blistering pace. There is currently more than $230 trillion in global debt—that's three times the amount of debt the world held during the credit crisis.
Central bank intervention has fueled this explosion in debt, including historic levels of quantitative easing, zero interest rate policies and the adoption of negative rates. In the U.S. alone, there's more than $63 trillion in combined public and private debt. In stark contrast, there are only $3.8 trillion total dollars in circulation, and each of these dollars has been lent and borrowed more than 16 times. The amount of leverage continues to climb.
At the end of every supernova comes a black hole. Black holes have such a strong gravitational effect that nothing can escape their pull. And fundamental laws of physics are distorted at the center of a black hole, also known as the gravitational singularity. We're seeing a similar phenomenon in the investment world: the crushing weight of all this global debt is distorting some fundamental economic principles.
Buying stocks for yield and buying bonds for returns
....
http://www.cnbc.com/2016/09/23/the-economy-is-edging-closer-to-a-black-hole-commentary.html
Stephen Scott, managing director at Longboard Asset Management
3 Hours AgoCNBC.com
COMMENTS Federal Reserve's holding pattern on interest rates should signal one thing to investors: start brushing up on astrophysics if you want to understand why the world's economy might be approaching a cosmic conclusion.
Like a massive star exploding into a supernova, debt is rising at a blistering pace. There is currently more than $230 trillion in global debt—that's three times the amount of debt the world held during the credit crisis.
Central bank intervention has fueled this explosion in debt, including historic levels of quantitative easing, zero interest rate policies and the adoption of negative rates. In the U.S. alone, there's more than $63 trillion in combined public and private debt. In stark contrast, there are only $3.8 trillion total dollars in circulation, and each of these dollars has been lent and borrowed more than 16 times. The amount of leverage continues to climb.
At the end of every supernova comes a black hole. Black holes have such a strong gravitational effect that nothing can escape their pull. And fundamental laws of physics are distorted at the center of a black hole, also known as the gravitational singularity. We're seeing a similar phenomenon in the investment world: the crushing weight of all this global debt is distorting some fundamental economic principles.
Buying stocks for yield and buying bonds for returns
....
http://www.cnbc.com/2016/09/23/the-economy-is-edging-closer-to-a-black-hole-commentary.html
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You may be one of the few who regards my politics as orthodox. That makes me smile, because the rest think I'm a flaming communist. Just what is Schiff's time frame? I've always assumed it incorporates between now and when the Sun burns out. Correct me if I wrong, but isn't his message basically the Fed is screwing up, the sky is falling, buy gold, preferably from schiffgold.com.
Tim was mean..fleckinstein likely wont go back to FM anytime soon