Posted on 10/23/2008 8:30:57 PM PDT by Tejava
Or hold cash.
Who has bet against America? Soros? Gee, there's a guy I admire. Russia? Cuba? Venezuela? EUrotopia? etc.
yitbos
Yup. You get it!!
A+ in Hyperbole (loved the “burning Hiroshima holes,” the “carpet bombs” and the image of the dancing cadaver on the embalming table)
C- in Economics and Finance
The Dollars strength means its STILL a flight to safety.
Reports of the Dollars death are premature.
I sure do. Gold was worth 1030 worthless fiat dollars and now it's worth 712 worthless fiat dollars.
This is an awful article and its gibberish tells you nothing about why the dollar is rising. That is not difficult to figure. 1) It had been undervalued for some time and is adjusting to a long term value; 2) the exchange rate improves when a country has an economic slowdown; 3) as bad as it seems here investors may be worried that it will be worse elsewhere so the dollar is still a sanctuary; 4) Then there is also the collapse of oil prices which reduces the outflow of dollars for oil by about 60%.
The rise in the dollar is telling us that an Obama presidency will be an economic disaster as higher taxes collapse the economy.
Quoting Jackson and Jefferson on banks and banking is not going to convince anyone who knows about their economic quackery. Now ignorant people might take them as financial experts but those are the only ones.
There are many enemies out there that pray every day that we become a 3rd world mess like they are. It could happen and it looks more possible every day. I remember most of my life looking at places like Brazil and Argentina that paid 28% interest on their bonds and still couldn't raise a dime. Instead of elections they just had a coup every 2 or 3 years and told the IMF to shove it.
Russian Default Risk Tops Iceland As Crisis Deepens(10-23-2008)
"Russia's financial crisis is escalating with lightning speed as foreigners pull funds from the country and the debt markets start to price a serious risk of sovereign default."
Yes. Treasury should be selling more debt now and trying to term it out as much as they can while still hitting the sweet spot of the yield curve — then later, when interest rates rise, buy in more of the older higher interest debt in order to reduce our current interest expense. Such a strategy would pay off big for taxpayers.
Unjustified Conclusion #1 - Only fools bet against the US in the future.
There is no chance of the Fed raising interest rates in the face of a recession and stock market collapse unless someone slips LSD into their water.
And it was not “cheap” money which got us here but the provision of credit for political reasons to those who could not repay it. Those mortgages were then bundled into derivative securities without the flow of revenue to allow them to profit.
This is a recession caused by Political Correctness.
Refusing to give credit to those who can repay it without dealing with the political issue would be idiotic.
Wow. I’m thinking the auhtor needs to ease up on the creative wriitng courses. It’s illegal to torture metaphors like this.
He died penniless.
That should tell us a thing or three about his financial acumen.
Now is when you buy the higher interest bonds/bills not after rates start to rise. I would think we are fairly close to the low. BTW remember President Slimey got rid of the 30 yr bond. Now is the time to go back to them.
If the debt holders rush to sell their debt it will be bought by other investors without a direct impact on US holders. Those who buy them cheap will have a chance to make huge profits by holding to maturity. We have never defaulted on our debt not even when undergoing a civil war which would have destroyed most nations.
The reason the Latin Americans couldn’t sell debt was because their inflation rates were even higher than the interest so it was a loser to buy it.
Financial sense is a good sight. I read it often and find it informative. But you have to take them with a grain of salt. They are gold bugs to the max. But it’s a worthwhile point of view to add to the overall mix of information. It’s just that they always find a way to work back around to gold and its prospects. You just have to roll your eyes a little bit. It is true that if you predict rain everyday, you’ll be right sometimes. And wrong sometimes.
They’ll be cheaper later. Treasury did re-start the 30-year bond, I think it was last year or the year before. Agree with your thought on selling more longer-term debt now.
Well in defense of Tom that was not entirely his fault. I know he was a big spender and loved the high life but his downfall was more for other reasons. He inherited big debts from his wife’s estate and refused to sell the slaves which came with it to alleviate some of the debt. And there were larger agricultural changes which overwhelmed him and others.
Jefferson hatred of banks was fueled by his indebtedness as was his hatred of the UK where they were located.
His hated enemy, Alexander Hamilton, was a financial genius of the highest order and he, too, died penniless. Both men sacrificed fortunes for political lives and, though I am anti-Jefferson, I believe our nation was strengthened by their sacrifices.
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