RF: It's only a matter of time in my opinion.
RF: Just more of the tax the rich stuff.
RF: We have a twofer from PIMCO today. If we go back to the Harry Dent analogy then the damage will be when the government withdraws the "crack" from the system the system goes into withdrawls.
RF: Much ado about nothing in my opinion. By law REITs have to pay out 90% of their taxable profits to shareholders who then have to pay the taxes. This really isn't much different than mutual funds who don't pay taxes either. They pass their gains out to the shareholders as well.
RF: LOL! Really? More than printing $85 billion a month? Maybe it's time to try a new strategy instead.
RF: A new article by Ambrose Evans-Pritchard. Always worth reading.
RF: And just like that gold losses another 5%. We now have an official Bear Market in gold. How much lower will it go?
RF: Don't you just love it when they lie to your face?
"Fed officials led by Chairman Ben S. Bernanke have said repeatedly they would not try to monetize debts by increasing money and stimulating inflation. Bernanke has urged Congress and President Barack Obama to put fiscal policy on a sustainable path."
That is a flat out lie. The Fed officially started targeting a 2% inflation rate in January of 2012. In fact it was described as a victory for Bernanke.
"The Federal Reserve took the historic step on Wednesday of setting an inflation target, a victory for Chairman Ben Bernanke that brings the Fed in line with many of the world's other major central banks.
The U.S. central bank, in its first ever "longer-run goals and policy strategy" statement, said an inflation rate of 2 percent best aligned with its congressionally mandated goals of price stability and full employment."!
RF: I'd say they better get used to it.
RF: Get ready for Sub Prime 2!
RF: This would be the same FHA that is pushing the banks to make more loans to people that can't afford them!