tag:blogger.com,1999:blog-2121490237517462736.post4734058028477109586..comments2024-02-20T01:52:53.299-08:00Comments on Futronomics: contrarian analysis of global macro trends, commodities, currencies, equities: Market Update 01.10Matt Stileshttp://www.blogger.com/profile/17977694389453612864noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2121490237517462736.post-6890556442397399552010-01-05T10:25:15.297-08:002010-01-05T10:25:15.297-08:00"...
(eg. raising the cap limits for Fannie a..."...<br />(eg. raising the cap limits for Fannie and Freddie, authorizing $4 Trillion dollars for future bailouts). I don't even know how to respond to something so idiotic.<br />..."<br /><br />Nuff said on the advisability of being idiotic and doing idiotic things.<br /><br />Idiocy aside, John Hussman commented on the legality of the FED & Treasury usurping congress' power of the purse. <br /><br />I tend to ignore the implausible. But the implausible, the idiotic, and the illegal are happening right before my very eyes.<br /><br />There has to be fall out.<br /><br />One might expect wild inflation. But this is really a case of assuming more debt. I mean, the FED and treasury are sticking those who pay for government with debt; more debt. It seems a sovereign default is on the horizon. That would mean US Bonds would not be bought at any price.<br /><br />What do you think?mike.montchalinhttps://www.blogger.com/profile/11585962509132061997noreply@blogger.comtag:blogger.com,1999:blog-2121490237517462736.post-61519846498993445702010-01-03T22:24:50.621-08:002010-01-03T22:24:50.621-08:00USD looks good short term, lets see how it holds u...USD looks good short term, lets see how it holds up. Based on the strength of the break out, it would surprise me to see much of a pull back below the 50 day MA. A move below that would change the game so we'll see, but the buck is lookin good as we speak.Occdudenoreply@blogger.com