Sunday, October 17, 2010

John Williams Warns of Severe and Violent Sell-Off


[Most Recent Quotes from www.kitco.com]

John Williams utters his most ruthless words of condemnation not only toward the Fed, but to everyone who is stupid enough to be chasing returns in the face of what is a hyperinflationary collapse.
Euphoric Inflation Insanity. Buying U.S. stocks because the Fed says it will proactively debase the U.S. dollar is like sitting on the beach in order to get a great view of an incoming tsunami. Any pleasure so derived should be short-lived, when the terror of underlying reality quickly takes hold.... Relative to gold, which tends to hold its purchasing power over time -- albeit sometimes in an anticipatory manner -- the S&P 500, Dow Jones Industrial Average and NASDAQ Composite have declined respectively by 22.1%, 18.8% and 17.5% year-to-year. This is against the prospective inflation environment being discounted by the gold market... Given the current systemic distortions and extreme irrationality in the equity markets, a severe and violent sell-off in stocks would not be a shock, and it could come with minimal, if any, warning. It also might be coincident with a U.S. dollar-selling panic.
More Here..

Oil to $220 Before 2011?

2 comments:

  1. "With gas prices rising, smart consumers are turning to the internet to purchase everyday items like toiletries, prescription drugs & beauty products from online stores like Buy.com and Drugstore.com. Right now there is a $10 Drugstore.com coupon from Mr. Cheap Stuff that includes free shipping on orders over $25."
    Mr. Cheap Stuff

    ReplyDelete
  2. Mr. Cheap stuff, right on.
    I use Drugstore.com quite often. And guess what... NO CA TAX.

    ReplyDelete

Everyone is encouraged to participate with civilized comments.