Yen carry trade will cause a great depression. These words were spoken on our airwaves by Arch Crawford, editor and publisher of Crawford Perspectives at www.crawfordperspectives.com. It got my attention because I stood in the S & P Pit at the Chicago Mercantile Exchange (CME.NYSE).
He went on to say. and discussed other issues. Arch calling for a major decline. I don’t know Arch but I know Mike Yorba smells a rat in the commodity markets better than most I know and I know a few. It is my observation that trading Large Cap Equities is insane right now with the volatility. You will only make money.
Oil. $64 get long and flip at 80-84 area. It fell short to $78 and broke 70 today and hyper inflation began with the discount window opening and credit market irregularities which wilol cause this headfake in the wrong direction. Bernke has little choice and Pualsen is attempting to jawbone legistlation. He is no dummy about actually running the country.
I think the thing that is reoccurring is the democratic use of the war machine.
Gold. And its value relative to currency. Allcurrency has no backing all the way back to Nixion. Currency is a promise to poay. Nowe the internation crisis has caused a flight to safety…which no one knows where quality lies.
Governments being paid off to keep rating high. Payy off? Germany 1920’s Why this example. If we keep printing dollars. Gold will rally big and has happened when they open the window, The US being in this position is unthjinkable in 2007. Dates are as follows
Aug 28 Lunar eclipse. So says the cycle. Always make bottoms and tops as normal per cycle trading. Models will continue to get blown out check this with Dean Somes and do a historical in these periods.
Sept 2nd 3rd. Labor Day. Jesus Denny Revsiited. The dollar weakening is what tanked the market just like 1987
Sept 7 and 11th. Suggested Terorist Event. Debate about the event. Political uncedertainity in this pahse. Aug 2 1990. Example. Possible Eartquake or natural event