"Clowns to the left, and jokers to the right...Stuck in the Middle with you"- Stealers Wheel
Ho Hum, just another week in the markets:
- Just another European economy on the brink of insolvency
- Just another brawl between Central Bankers regarding Mercantilist policies
- Yet again, the same fucktard Fed, excoriating U.S. Gov't deficits, while at the same time financing these deficits by printing more U.S. dollars. That is like a crack dealer telling his customer he has a drug problem.
- The Chinese angry at the U.S. over the fact that inflation is running between 4-10% (depending on who you believe), yet continuing to peg the Yuan to the U.S. dollar to ensure ongoing trade imbalances (guaranteeing inflation).
- And note the accompanying asinine comment from Faber, telling us that the underlying issue is [beleaguered] American consumers borrowing too much, even as their jobs and incomes are systematically being eliminated i.e. nothing to do with China's currency policy !
I could not make up this much self-contradicting stupidity if I sat down for hours and tried...
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Overall, on the "left", we have the usual Tools and Fools trying to propagate the illusion of recovery via yet another Fed prop, QE2. We have had umpteen Fed actions these past few years now: interest rates at 0%, monetization of mortgage debt (MBS), no less than three rounds of monetizing public debt - QE1 was round 1, then the Fed started rolling MBS security repayments into Treasuries starting this past August, now another $600 billion just in time for Wall Street bonus season, what a coincidence! Nothing but desperate fools thinking that more cheap money can solve a debt problem brought on by cheap money. Let's see, if we can only make crack cocaine cheaper, then we could solve the drug problem...that's the ticket !!! Anyone who defends Monetary policy at this point is an Intellectually bankrupt jackass . Book smart morons, indicative of the comfort seeking class of Baby Boomers (not all, surely) who lack the intellectual honesty and courage to face reality, much less gaze into the fucking abyss.
On the right - well, you know, Palin & Co's. demented hillbillies, hellbent on creating the new Fascist state, that surely-be-to-God will rise from the ashes. An American Taliban that will dispense with the liberal nihilists and Limousine liberals with a sweep of the hand.
Wait for it! Be patient, it's coming....Rome was not burned in a day...
According to the latest EWT, the markets are at a sentiment extreme exceeding the 2007 high, despite being 20% lower in price and attending a punk, Pet Sematary version of the "Goldilocks" economy, that is rolling over by the minute...
Stuck in the Middle With You.
