I am starting to think this whole market thing is a sham and all the news services and news wires and market magazines are a big conspiracy/spoof....
Cbs marketwatch, forbes, economist, yahoo finance, briefing, the street.com, are talking about "inflation" and fear of inflation and need to raise rates to combat inflation and blah blah blah. Nobody,nobody, nobody is talking about the United States need to raise 3 billion dollars a day to finance their deficit/debt. Which, IMHO, is the only reason rates have to and will continue going up. If the pacific rim stops investing/propping up the US, we are fubed. Addicted to foeign oil?? Try being addicted to foreign debt.
If rates don;t go up, the dollar falls out of favour and we are bankrupt. For real, tapioca. This is not something that could happen in 20 years... It is within the next few years. In the meantime, Nasdaq, S& P and Dow look poised to make multi-year highs.
Now 5-5 1/2 percent and pause my ass. they said pause 2 hikes ago. They have to keep going up forever. Which is going to murder the housing market (50% increase in foreclosures in january year over year) and the US economy in general. Why is this not of concern?? Why is this not the news de jour as opposed to this "the economy is so good we have to cool it off bs"??What am I missing?
China and India are growing at 10%. US mbe a few measly percent which doesnt even beat inflation. Who wants to buy US equities????We are picking fights in Iran. A fight, coincidentally, we don't have the means to take on. Iraq is on the brink of civil war. Afghanistan, and specifically the taliban are now apparently real well rested and ready to terrorize.
I try to remain objective but the only thing I can really see is doom and gloom? Help me see the light here??
Cbs marketwatch, forbes, economist, yahoo finance, briefing, the street.com, are talking about "inflation" and fear of inflation and need to raise rates to combat inflation and blah blah blah. Nobody,nobody, nobody is talking about the United States need to raise 3 billion dollars a day to finance their deficit/debt. Which, IMHO, is the only reason rates have to and will continue going up. If the pacific rim stops investing/propping up the US, we are fubed. Addicted to foeign oil?? Try being addicted to foreign debt.
If rates don;t go up, the dollar falls out of favour and we are bankrupt. For real, tapioca. This is not something that could happen in 20 years... It is within the next few years. In the meantime, Nasdaq, S& P and Dow look poised to make multi-year highs.
Now 5-5 1/2 percent and pause my ass. they said pause 2 hikes ago. They have to keep going up forever. Which is going to murder the housing market (50% increase in foreclosures in january year over year) and the US economy in general. Why is this not of concern?? Why is this not the news de jour as opposed to this "the economy is so good we have to cool it off bs"??What am I missing?
China and India are growing at 10%. US mbe a few measly percent which doesnt even beat inflation. Who wants to buy US equities????We are picking fights in Iran. A fight, coincidentally, we don't have the means to take on. Iraq is on the brink of civil war. Afghanistan, and specifically the taliban are now apparently real well rested and ready to terrorize.
I try to remain objective but the only thing I can really see is doom and gloom? Help me see the light here??
I disliked it so much that I cancelled my cable. never looked back.