Read this pablum and then tell me why you believe gold is going down.
Yes my bearish friends, this will ultimately fail into an epic disaster because it is born of the desperation of a global collection of myopic lunatics suffering from compound abstraction. But their aim is to create asset bubbles on a global scale, using worthless 'money' as fuel.
In your quaint old notion of Wall Street, you used to be able to provide a noble service by shorting the shit out of the bloated aspects of the markets. Now, with the constant, laborious inflating of the balloon begun anew, the hazard for bears is the relative long time it takes for these forces to try to inflate before the inevitable popping of the balloon.
In other words, bears will win big... but will they be alive (or appropriately positioned) when the time comes?
Anyway, here's a quote from some robot:
“Things would have been worse if they hadn’t lent to foreigners,” said Perry Mehrling, senior fellow at the Morin Center for Banking and Financial Law at Boston University and author of “The New Lombard Street: How the Fed became the Dealer of Last Resort.” “We’re finally getting to understand the role of the Fed in the world.”
