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Re: I guess I've been in a cave,

By: Cactus Flower in ALEA | Recommend this post (0)
Sat, 02 Jun 12 3:36 AM | 96 view(s)
Boardmark this board | The Trust Matrix 		Msg. 08245 of 54959
(This msg. is a reply to 08243 by DigSpace)
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Hi dig,

Batton down the hatches. It may be about to get a lot worse. The Euro is getting very close to collapse. And whilst I have never been a fan of that currency experiment, I don't look forward to the fall-out from its demise.

10 year US Treasury bonds are the lowest they've been in 200 years, according to one source. That tells you that folks are getting very scared about preserving capital and they are hiding out in the safest assets money can buy.

Apparently, equivalent Italian and Spanish bond rates are now unsustainably high again. No European central bank with the powers to protect them. Possible abyss for them. Ain't we got fun.


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The above is a reply to the following message:
I guess I've been in a cave,
By: DigSpace in ALEA
Sat, 02 Jun 12 1:57 AM 		Msg. 08243 of 54959

but the broader markets have really kinda been getting thumped around a bit.

I guess my overall very defensive posture has made me less aware.

But looking more carefully, the boomers 401ks aren't looking so good.


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