Its become quite the past time and it never ceases to amaze me the milestones we hit on our way down the shitter. For instance 3 month treasury bills were trading today at a negative yield of -0.0507%. NEGATIVE YIELD!!
The nearest i can figure from what i am reading is yes that basically means you give the fed a nickel for every dollar that you put into treasury bills if you bought at 11 AM today.
The real kicker? 30 billion in T bills were sold today at 0% .
What people "in the know" are saying is that two things are probably going to happen in the very near future.
1. Someone is going to dump A LOT of precious metals into the market causing the price to plummet for at least a short time .
2. Something VERY VERY BAD is on the short term horizon,something bad enough to where people with that kind of money just want a safe place to stick it even if its going to show no return.
Once again,I'm no expert I am just telling ya what I read and see.
The long slow slide into implosion has begun FOR REAL.
I wish I could take back the time it took me to read these stimulating posts about the stock market. Please warn me next time in the subject line, Zooms.
All kidding aside, I do think the economy is probably in a feedback loop where the combination of layoffs, defaults, etc. is going to lead us much further down than most pundits are willing to speculate.
I also don't think there's a whole lot the government can do to stop it. I think the United States is probably at its weakest point in its history. And I think the best response to the current crisis would be to fill the capital mall with the heads of the chiefs of the financial world on stakes.
You know, after 10 years I've finally come around to your way of thinking. I'm actually willing to admit that you were correct. A lot of this has GOT to be a big conspiracy. Unlike 1929, this has been on the radar for a long time and not only was nothing done to prevent it, things were done to ACCELERATE the process. So please, tell us oh seer, WTF does a video game have to do with it?
Also, has anyone noticed that they wait until 5pm Friday to announce bank failures? You know, the one time of the week when people are LEAST likely to be paying attention?
