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Brings to mind a Hemingway quote from 'The Sun also Rises'...
Question: "How did you go bankrupt?"
Answer: "Two ways. Gradually, then suddenly."
These high-flying central bankers don't seem to realize that "free-falling" can feel remarkably like actually "flying". All the way until (suddenly) it doesn't.
So these companies will merge to gain efficiency and cut costs, not to mention jobs ... " because things are just plain better out there than we might realize"???!!!
Is this a joke?
A legendary hedge fund/value investor put it succinctly:
"The short-term palliatives we are currently pursuing go against everything a long-term-oriented society should aspire to achieve. Today's policies encourage spending over savings, reward the profligate over the prudent, and support the failing at the expense ...more
The world's fiat currencies have a fever, and the world's central bankers have a prescription - MORE COWBELL!!!
Meanwhile, Germany's central bankers are repatriating their gold physically held in other countries. What an interesting coincidence. Considering that our entire fiat financial system is held together sole...more
I feel a common thread here. Most of us seem to realize the total con that our government has become. Many of us realized this long (decades) ago. But many also seem to think that -somehow- there is money left over to make things right. There is not. Financially, as a nation - we are broke. Spiritually and morally, as...more
1/8/2013
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