Mony Mony, Mony Mony, advice from Billy Idol to "The Ben Bernank", start the printing presses Ben, the markets tanking and people will not go to the mall and borrow more against their 401K's Jeeze stop the bleeding Ben, Get Blythe to short more Silver and Gold LOL. I can just hear it, so loud and clear!
Today, Hedge funds are dumping everything in sight in order to avoid catastrophic margin calls, I posted earlier this month or late last that margin levels were at like 1999 levels or more, these guys are just getting FUBAR, today. The selling will come in waves as margin calls are issued. But, I'm using this volatility to add to gold/silver holdings.
I expect the Fed to be very, very generous, "free money you big Banksters" (wink wink) although they may not come out and tell you plainly, see what they say when they release their FOMC meeting policy decision later today (read between the lines). The Fed will use Japan's disaster as camouflage to keep the QE going. I also expect them at some point to include mortgage-backed garbage, Fannie Freddie SH^t and problems in the muni bond market as well. Inflation isn't coming, it's here now been screaming about it for a while. Inflation is the enemy of currency, bonds and other fixed income vehicles, RUN from that stuff.
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