BoatBanter.com - View Single Post - economist blames wall street for collapse

Canuck57[_9_]

On 09/05/2010 11:28 AM, wrote:
On Sun, 09 May 2010 12:42:16 -0400, wrote:

by the way...what's the rate of inflation nowadays?

oh. there isn't any.

Bought any oil based products lately? (everything is oil based) There
is certainly inflation going on. The fed is just ignoring it and
borrowing to hide it by printing money.

True. Canadians and US governments are hopelessly broke. They haven't
been able to borrow money from the markets since September 2008 in a
meaningful way. Treasuries, a joke. They just extended the government
debt by the US Fed (Government ponzi bank) to $14.7 trillion or
something like that. 100% of which will be created money, not borrowed.
Which means real problems in currency.

Hell, Greece could do that too if it were not for EU Euro being common.
Any country producing money like this screws the others.

The only reason the US gets away with it is that like GM they are
percieved as too big to fail. But as that perception is realised as
myth, the US is on a downhill ride.

Fortunately shares are like currency. 10000 shares of xyz corp is 10000
shares of xyz corp even if the currency devalues to pesos. One does
want to pick the right time to get in and out of these roller coaster dives.

Time to set some more low ball limit orders. I expect
Monday/Tuesday/Wednesday to be volitile.

--
There is a sucker born every minute, liberals and our politicians are
counting on it.