An increasingly infrequent delve into the creaky mental workings of a cynical old man
This is gonna be fun-knee...Glenn Beck read a blurb about TV networks asking for bailouts today.I imagine the candy makers will be next. Or will it be the grocery industries? No, it's gonna be the newspapers. Hold on- it's gonna be pharmacuetical industry. Dang, no! it's going to be the toy industry- Christmas is going to be pretty flat for business this year. Dang, wait a seck- its going to be...Dangit.Peace, Man- Shy
Citibank will be given whatever it takes to keep their bondholders, and secondarily their stockholders, whole.The machine is being dismantled, and the PTB isn't 5 dudes in a room, it's thousands of deca-millionaires and less wealthy powerful people.They are gradually being handed the whole world, this process will take years, so prep carefully and make sure you have a core prep set that fits in your largest vehicle, with room for the fam--a house full of stuff is worthless if you have to leave the house.Good luck D, and thanks for honoring our bet, I see south of $40 oil in our near future.
DD:I hope like crazy that you are wrong, but I ain't betting this go-round. If you are right, then we are in one serious deflationary spiral and that will be desperately hard to get out of.
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