General Economic Chat

[Youngdan]

Iam

sure you have your Anderson shelter

The only problem with Anderson's Shelter is Anderson.

 

[U2 Documentary]

The only problem with Anderson's Shelter is Anderson.

lol Who knew Andy was a prepper

 

[Youngdan]

He is prone to panic. I would only use him as a sentry and even that would be risky but forget about him in combat because I suspect he would be as useless as Lalo Saul

 

[Youngdan]

Finally a day of reality in the stock market as it recognizes how bad the economic situation is. This could be just the beginning to set up a crash on Tuesday

 

[Oliver Plunkett]

 

[Youngdan]

Always ignore these figures. They are just guesstimates and not like in Ireland where the actual figure is known.

 

[Oliver Plunkett]

Ireland in recession as economy contracts by more than 6%

Ireland in recession as economy contracts by more than 6%

 

[Youngdan]

Instead of the overnight bounce, we instead see the selloff continue, with 37 minutes to go. Even my ill fated Apple short is now making money for me, after it badly went against me, thanks to Softbank in Japan

 

[Youngdan]

So today we had the bounce that was expected yesterday. Wall Street is doing great but Main Street is sinking by the week. So finally we will see some deflation come to the fore and it will need more printing to offset that and I do not think it will workk this time because the defation money disappearing is so large an amount. So I expect to see shares fall but the real value of the dollar to fall as well. Nut do not judge the dollar against other falling currencies but against gold and silver.An argument suggesting silver to fall is also with merit but I think it's limited supply will more than offset that.

Gold is as plentiful as ever though. We will see now very soon as the deterioration is visible to the eye here. Real Estate has only buckled in the city centers yet, expect that to change

 

[Youngdan]

Ugly, Tailing 10Y Auction Sees Slumping Foreign Demand

Overall, an ugly auction and the bond market clearly agrees, with 10Y yields jumping to session highs in kneejerk response to the auction results.

www.zerohedge.com

Finally this could be the straw. Weak demand for US debt. 30 year bonds for sale tomorrow I believe, we will see how that auction goes