Sinking ship? Watch for the rats jumping ship, it's a sign..
Done:
http://abcnews.go.com/blogs/business/2012/08/billionaires-soros-paulson-bet-big-on-gold/
Gold is always a safe-haven before a depression/crash. And look who's buying.
http://www.bloomberg.com/news/2012-0...-fed-term.html
"Bernanke has come under attack from Republican presidential candidate Mitt Romney, who said he won’t reappoint the Fed chairman and criticized his policies as ineffective and a threat to price stability. That isn’t impairing Bernanke’s use of a forecast for the fed funds rate as a policy tool, said Joseph Gagnon, a former associate director at the Fed Board’s Division of International Finance
"Bernanke has come under attack from Republican presidential candidate Mitt Romney, who said he won’t reappoint the Fed chairman and criticized his policies as ineffective and a threat to price stability. That isn’t impairing Bernanke’s use of a forecast for the fed funds rate as a policy tool, said Joseph Gagnon, a former associate director at the Fed Board’s Division of International Finance
The rest are all in bed with the fed. Making a hole so deep we can't see daylight.
Egan-Jones downgrades U.S. rating on QE3 move
Wow. Did anyone see this coming?
http://www.marketwatch.com/story/egan-jones-downgrades-us-rating-on-qe3-move-2012-09-14
SAN FRANCISCO (MarketWatch) -- Egan-Jones Ratings Co. said Friday it downgraded its U.S. sovereign rating to AA- from AA on concerns that the Fed's new round of quantitative easing, or QE3, will hurt the U.S. economy. The ratings agency said the Fed's plan of buying $40 billion in mortgage-backed securities a month and keeping interest rates near zero does little to raise GDP, reduces the value of the dollar, and raises the price of commodities. "From 2006 to present, the US's debt to GDP rose from 66% to 104% and will probably rise to 110% a year from today under current circumstances; the annual budget deficit is 8%," Egan-Jones said in a note. "In comparison, Spain has a debt to GDP of 68.5% and an annual budget deficit of 8.5%."
Wow. Did anyone see this coming?
http://www.marketwatch.com/story/egan-jones-downgrades-us-rating-on-qe3-move-2012-09-14
SAN FRANCISCO (MarketWatch) -- Egan-Jones Ratings Co. said Friday it downgraded its U.S. sovereign rating to AA- from AA on concerns that the Fed's new round of quantitative easing, or QE3, will hurt the U.S. economy. The ratings agency said the Fed's plan of buying $40 billion in mortgage-backed securities a month and keeping interest rates near zero does little to raise GDP, reduces the value of the dollar, and raises the price of commodities. "From 2006 to present, the US's debt to GDP rose from 66% to 104% and will probably rise to 110% a year from today under current circumstances; the annual budget deficit is 8%," Egan-Jones said in a note. "In comparison, Spain has a debt to GDP of 68.5% and an annual budget deficit of 8.5%."
We're on the slope and gaining speed!
I think we'll have to flush a couple of more times before we go down the drain.
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