Puzzling Day-DJIA Up 400 and Change

Ok, the Fed says they are going to leave rates low for two years. Big deal. Who didn't know that?

In fact, if you want to know what the Fed is going to do- there is already a blueprint. It is called Japan. Japan has experienced 22 years of dead time. The call it the lost decade(s). Their debt to GDP is the highest in the world at 200%. Unlike us though, the people of Japan own most of the debt. We sold ours to China and the consortium of private and international bankers called the Fed.

So why the rally? Are we getting new jobs? Are we making new things? Has anything changed?  This was a typical dead cat bounce on no news. A short covering rally. The trend is down and it will stay down. I guess the only good news is that " We will not monetize the debt" Bernanke says there is no QE3. Yet.

Bet me he is full of shit. President Screw Off will be begging for QE3. Before the primaries. Bank on it.

Comments

davecydell said…
When GM wants to sell cars they offer zero percent for five years.

When The Fed wants to sell crap they offer zero percent for two years.

Then there is silver down about a buck70, time to buy......
August 9, 2011 at 4:10 PM
Anonymous said…
Yep. The shorts got a little panicky but today is another swan dive.
August 10, 2011 at 9:51 AM
davecydell said…
Ungrateful dolts.

Ben gave the wealthy free money for two years on Tuesday and on Wednesday they trash the stock market.

Ungrateful dolts.

Think I'm gonna spend the rest of August playing golf on Martha's Vineyards. Try to get my blood pressure under control.

I get a tingle when I use a Roosevelt dime to mark my ball on the greens.
August 10, 2011 at 7:27 PM
Post a Comment

Popular posts from this blog

The "Keeping Time" Has Arrived- The Sunday Collage

 Mrs. Elizabeth Powel asked Benjamin Franklin the question. What do we have, a republic or a monarchy? Franklin answered, "A republic if you can keep it." Probably historically true.  In a republic, the power to govern is held by the people or their elected representatives. By consent. We have checks and balances for those representatives, and we have a rule of law. That theory was meant to keep an oppressive government at bay. To keep them from acquiring too much power In a democracy, the people directly make every decision. There are no representatives. Democracies often devolve into mob rule democracies. Like the one we have now. A republic is meant to protect the minority from the oppression of the majority. A rule of law is what keeps it civil. A minority member's interests are protected. Until the mob takes over. Now we can debate who, what, when, and how we have lost our republic. We can even debate whether we still have one or not. On paper, we might have a republ
Read more

The Killing of Craig Robertson- The Sunday Collage

Image
"Anger is brief insanity." Mom attributed that quote to Hemingway. Having been on the receiving end of mom's wrath more than a few times, that phrase has always made sense. Craig Robertson, age 75, died in Provo, Utah on August, 9, 2023. He was killed by an FBI tactical team for making threats. He was an Air Force veteran, welding inspector, and wood worker. He had been married twice and widowed twice. He had three children.  He was not in the best of health and walked with a cane. He loved guns and was a member of the NRA. Robertson was no fan of the democratic party. To be fair, Robertson had made several threats regarding Joe Biden, Vice President Kamala Harris, Manhattan District Attorney Alvin Bragg, and Attorney General Merrick Garland, among others. These were descriptive threats wherein Robertson went into great detail about how he would accomplish the killings of those individuals. We must assume that he actually made those threats on social media, since he never
Read more

The United States- The World's Biggest Banana Republic

 This week was one for the ages. The Michigan State Police confirmed that hundreds of thousands of illegal ballots, a conspiracy in the swing states, was not only caught on video and investigated- Michigan did nothing and the FBI did nothing. This video amazingly coincides with the 3 a.m. miraculous election of Joe Biden in 2020 who was losing and then suddenly pulled a Presidency out of a hat. Via the Gateway Pundit, you will likely not see this anywhere mainstream.  https://www.thegatewaypundit.com/2023/08/now-we-have-proof-tgp-exclusive-massive-2020/ The Biden family was paid over 20 million dollars by Chinese, Russian, Ukrainian and Kazakhstan nationals while Joe was the VP. Funny now that Biden and the democrats have been sponsoring the Ukrainian war with US tax dollars after receiving bribes in the millions. This while Obama was President. What did he know?  https://www.theepochtimes.com/us/foreigners-paid-more-than-20-million-to-biden-family-associates-bank-records-5453849 The J
Read more