For what it’s worth, and because I’m tired of getting into political debates where people create their own facts: You can write this down and see how correct I end up being in the next 5-10 years…frankly, I hope I turn out to be wrong this time. The Euro is going to continue to fall, … Read more
Well, at least Paul Volcker has finally caught up and is pointing out things I stated nearly 2 years ago. Again, this wasn’t hard to see coming…you just had to look at the facts.
I hate to say I told you so, but…..I did in fact tell you so! Eurozone was unstable to begin with! Dow historically should be around 10,5000 to 11,000 at the moment. Check the posts and the dates, people. I’m tired of hearing people say there was no way of knowing.
The de-leverage in the market to adjust back to normal risk levels is decreasing the money supply substantially, they are trying to inject huge sums of USD into the market to offset that. All in all, the functional money supply is actually down substantially. Also, a very large portion of the USD money supply is … Read more