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silverback
Member since May 2012
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>Economic Reality Bites  - Peter Schiff - Euro Pacific Capital
".....the Fed has always known more QE was needed but......." Puleeeeese! Maybe the Fed knows more QE is needed but I certainly hope they are in the minority. I am afraid we have fallen through the looking glass and are now hopelessly lost in a Keynesian dream. How awful. Regardless of how misguided I feel QE is (I feel some long over due tough love is needed), is there anything I should be positioned in (in addition to gold) that will take full advantage of the markets gorge fest on free money?

Peter mentioned FB in the article. In my opinion, the media is so used to having it's way with peoples minds regarding politics and social issues, they thought they could do the same in the investment community and whipped enthusiasm to a fever pitch pre IPO. The kids bought a can of sunshine and the pro's shorted it. So far so good. Lets have another!


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Beginning of the headline : Many people became convinced that data releases earlier this year indicated that "recovery" in the U.S.was imminent.But as I have been saying for months, this evidence would ultimately be shown to be as reliable as sightings of Bigfoot.Lots of people claim to say they have seen it, some even produce plaster footprints, but in the end all we have is a guy in an ape suit... Read More
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