Wednesday, December 22, 2010

QE2: Central Banks Around The World Begin Quietly Heading For The Exits

It had to happen, sooner or later.

It is evident, with the wholesale printing of money by the Fed, Harry Reid's attempt to bend the culture over the table with a 2000 page omnibus spending bill, and all those WikiLeaks cables circulating: There are no grownups in charge in Washington.

Yet.

So, our creditors are beginning to do what all prudent investors do: Get out of town while they can.

All that hot cash gotta land somewhere. Oil/gas/gold/silver/soybean/wheat/rice price spikes, anyone?

Thanks, Barry.

Thanks, Ben.

Thanks, Congress.

No comments: