Wednesday, June 24, 2009

Wimps don't get to borrow my money...

The Fed pretends to be in control of something that is beyond them. Pretending inflation is under control so that they can continue inflating. Well guys, thanks but I am cashing in my 2 week profit of 1.50% on your treasury debt and awaiting the pro-rated dividend.

I have other vehicles for playing a would-be deflation impulse, but these creeps do not even care about keeping up appearances. The markets may do it for them however.

Treasury debt may indeed end up being a good near term play, but I feel less dirty now that I no longer own this garbage. Better to be patient and continue awaiting opportunities that policy makers are serving up to on a silver platter. And I don't mean burgers.