This is a test of the emergency broadcast system. If this had been an actual emergency... blah blah blah.
Blogger back up and I really don't have much to say other than all sorts of things are inching toward the long preferred scenario. You see it in the media as Bloomberg works the "investors going to cash" schtick, T bonds creep higher and QE3'ers start to creep out of the woodwork, albeit in restrained fashion.
We get no gain without pain and right now, it looks like they are setting up the pretense of some pain so that the 'buffoons' at the US Fed (as I saw the normally restrained Steve Saville call them) can do what they always do; promote inflation while confusing only the dumbest of the herd. Problem is, less and less of even the herd believes them anymore and this could one day lead to inflation saturation.
I do not feel like looking at this mess anymore today. I am over and out.
Have a great weekend.
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