[Homestead] More on Gold
cayadopi at yahoo.com
Wed Dec 31 17:46:24 EST 2008
Nope, haven't caught that - looks like one to read thru just from the first sentence there.
OK, I haven't read anything this week ---- my guess on the Toyota lead....... yen carry coming apart, affecting their exports, as the world shifts to a dollar carry. Actually that was something I predicted about 2 years ago, and some economist published my emails about that.
Bond market - absolutely disaster making material. <G> I get to go back to my Greenspan conspiracy here....... As the toxic waste started to have "pricing issues" back in Feb 2007 (the first hint) and then Aug 2007 (became more talked about)...... some of these bonds couldn't be "priced". Well Pimco hired Greenspan in May 2007 - my first thought - holy crap - the bond market is going to bubble and then pop in a most spectacular fashion.... where Greenspan goes disaster materializes. Nothing like letting the fox in the hen house. Bond markets are huge huge huge. How does a bond market bubble? Take interest rates to zero....... Who was on TV begging the Fed to take interest rates down? Bill Gross/Pimco - who was advised by non other than,,,, Greenspan. Interest rates can't go lower.
That's why I see Obama bringing in an advisor by the name of Mr. 20%-interest-rate-inflation-fighter Volcker as a very serious thing to ponder......... raising interest rates will pop that bond bubble..... treasuries are bonds, and the "world" has done what? They've all fled for the "safety" of treasuries. Safety my arse.....
I'll have to see what Moriarity says on the timing relationship to a hyperinflation.
I would have guessed the Fed would have to raise interest rates to attract foreign money to purchase treasuries to stall off the hyperinflation phase. I suppose the scary part would if the Fed did raise interest rates and the foreigners went on strike......... All those Scary Movies aren't scary at all in comparison to that........LOL
--- On Wed, 12/31/08, bobf <bobford79 at yahoo.com> wrote:
December 31, 2008
"We are facing an unprecedented emergency," [ Toyota ] President
Katsuaki Watanabe told a year-end news conference. "This is a crisis unlike
the crises of the past." ~ Toyota sees "unprecedented" crisis by
Chang-Ran Kim, Reuters, 12/22/08
"When the bond market crashes [expected timing: 'any day now'],
it’s going to be 15 on the Richter scale. It’s going to be enormous. It’s
far more dangerous than the stock market crashing. When the bond market crashes,
the hyperinflation starts." ~ Bob Moriarty of 321gold.com, interviewed by
The Gold Report
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