tag:blogger.com,1999:blog-11719208.post8437355649838927657..comments2023-11-05T04:36:14.223-08:00Comments on The Mess That Greenspan Made: The Dubai debt comes dueTimhttp://www.blogger.com/profile/16530974968126497397noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-11719208.post-77240313231124923682009-11-30T11:31:06.139-08:002009-11-30T11:31:06.139-08:00Interest rates will go higher eventually, and may ...Interest rates will go higher eventually, and may touch 20%. But, it will be due to CBs voluntarily jacking up rates. e.g. what are interest rates in Zimbabwe now?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-70859250629655870292009-11-29T05:57:22.183-08:002009-11-29T05:57:22.183-08:00IMO, I don't think there is anything that is g...IMO, I don't think there is anything that is going to reverse the fiat slide (aside from central banks jacking up rates to 20%). We've seen the last (only) sustained dollar rally we are going to see last year.<br /><br />Hope I'm wrong as I'd like to buy more gold at $900.<br /><br />I also believe that US taxpayers will bail out dubai via AIG default swaps.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-14541015116753179852009-11-28T16:17:37.398-08:002009-11-28T16:17:37.398-08:00IF gold correction lasted only one day that there ...IF gold correction lasted only one day that there is something fundamentally different in this market. Otherwise I've seen this gold movie before. Sharp drop of about 5%, followed by about 3.5% rebound, then followed by continued correction of about 10% that will last at least a week. <br /><br />If this is a longer correction, then we are going back to $950-$1000 level.Newsnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-36365338169002942362009-11-28T16:00:27.259-08:002009-11-28T16:00:27.259-08:00fish - no idea about Monday, but gold is certainly...fish - no idea about Monday, but gold is certainly due for at least a little correction - maybe Friday was it...Timhttps://www.blogger.com/profile/16530974968126497397noreply@blogger.comtag:blogger.com,1999:blog-11719208.post-46601799632021191302009-11-28T14:19:20.296-08:002009-11-28T14:19:20.296-08:00Never fear, the central banks will simply confisca...Never fear, the central banks will simply confiscate more resources, and lend them out. This will again lower the standard of living, but central banks don't care about such mundane matters.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-37363201515429725982009-11-28T09:31:55.733-08:002009-11-28T09:31:55.733-08:00Tim,
At the end of the day gold was only down abo...Tim,<br /><br />At the end of the day gold was only down about $16.....bets on Monday? More selling or flight to non dollar quality?fishnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-6765573787252878982009-11-27T14:43:19.059-08:002009-11-27T14:43:19.059-08:00Why it's almost like having the entire world o...Why it's almost like having the entire world on fiat, floating exchange, bank created currency isn't working.Anonymousnoreply@blogger.com