Just had channel 10 on in the background, and the latest news is saying that the major economies are no longer on a collision course with recession! Cool huh? Bit of a bummer, cos I was looking forward to all these PMs going up in price but they were insurance too and it's good that they're no longer needed for that. Thanks channel 10! Now, who wants to buy a stack? There're some Mortgage Backed Securities with my name aaalllll over them
its all good now folks, europe has smooth sailing ahead and australian economy is full steam ahead. China is growing triple digit again, no worries, no crash
Fantastic 7. November 2011 12:01:29 JAPAN PRESS: The national debt may exceed Y1,000 trillion for the first time at the end of fiscal 2011, pushed up by the planned issuance of Y11.5 trillion in reconstruction bonds, The Nikkei reported at the weekend. That works out to about Y8 million yen in debt for every man, woman and child, based on an estimated population of 127.72 million as of Oct. 1, the report said. 7. November 2011 10:52:29 ECB: European Central Bank Governing Council member Yves Mersch took a hard line on the ECB's bond purchasing program, telling an Italian newspaper that the central bank could stop buying sovereign debt if it concluded that a country being helped by it was not cooperating with complementary policy reforms. Echoing the recent words of new ECB President Mario Draghi, Mersch told the daily La Stampa that the bond buys "should be limited in quantity and in time, and have as their sole objective to guarantee the full transmission mechanism of monetary policy. If we observe that our interventions are being undermined by the lacking efforts of national governments, we should ask ourselves about the problem of incentives." ITALY: Italy 2-year yield rises above 6% level 7. November 2011 18:26:23 ITALY: Italy 10-yr spread widens 25bps to EMU record high at +504bps. 7. November 2011 18:28:44
It's mainstream media... for clarification, I repeat... it's mainstream media... Since when have they been within a bulls roar of anything remotely considering accuracy in reporting these things? Right, you got it Back to business as usual... stack moar!
When the market drops off a cliff, gold and silver are going to follow it. It is going to be a bloodbath. Problem is at the rock bottom prices we will see for AU and AG in the future, no one will be selling. At that stage: 1) We will eventually get rich 2) The governments will pass laws and we will be completely screwed It's not too hard to come up with nightmare scenarios with 20 different kinds of laws that will screw over the PMs: restrictions, peggings, confiscations, freezes. And if there's a major war, we are well and truly fooked, given the kind of "Defence of the Realm" powers governments can impose in those times. OooooooOOOOooooooHHHHhhhh...(that's a shivering sound).
Well, they've had this marijuana vending machine in their lobby for a while so maybe its been a gateway to hard drugs vending machines. You know how it is: you start out just using the pot vending machine because all your fiends are using it, then you discover the ecky vending machine around the corner and try it out (you tell yourself you just want to see how the coin mechanism performs of course) and before you know it you're slipping into the bathrooms of merchant banks to hit up the cocaine vending machines and you're so stoked at how F**KING AWESOME the designers were when they only put in a note acceptor because that's SO F***ING GENIUS that you don't notice how your life has been completely taken over by vending machines.
Maybe they will introduce an opt-in system for the drug vending machines when they do the poker machine legislation. In the meantime $50.00 notes will still be referred to as "fun vouchers".
