The Treasury yield curve has inverted because of massive amounts of wealth being moved into US Treasuries… from Hong Kong… in what would be traditionally called a “flight to safety”. This is distorting the treasury market.
The people of Hong Kong are far from stupid.
Although I wonder about the talking heads in the US.
For the record, of course, there will be another recession. Why? Because there is always another recession. When? Who knows. But the famous indicator is currently subject to large external forces such a Chinese Military massing in the Shenzhen province just outside of Hong Kong. It’s called “Market Distortion”. One which is being created by the profound uncertainty of the future of Hong Kong due to the expected Communist Chinese invasion/crackdown.
We talked about this being worthy of your undivided attention almost 8 weeks ago.
It remains an event of greater importance than whether a Pedophile Auto-Erotically Strangled himself from the top bunk of his jail cell or was hit by the CIA… seriously… who gives a sh*t?
And Frankly, I always loved Recess.
It appears Burger King is Buying Tim Horton’s in Canada so it can move it’s base of operations up North to avoid the confiscatory corporate tax rates in the United States.
Let me ask anyone who see’s this as a Treasonous Betrayal…
Do you want the Number Two Fast Food Chain to stay in business so it can pay the Artificially High Minimum Wages set by politicians and moronic voters?
Yes… I do!
Well that’s what they’re trying to do, so you should be headed to the Burger Kind Drive-Up Window for your Double Whopper with Cheese and a Large Coke that you know you Love. (Eat it while you drive.) Instead of calling for a Boycott.
No… I don’t!
Then you Hate minimum wage workers. You Hate readily available nutrition for the poor. You Hate the additional time afforded those single Moms who have to work three jobs and don’t have time to make dinner at home. You just Hate. Hater.
You created this conundrum. Sleep in it.
I’m just excited now that I can get my Double Whopper with Cheese, Extra-large Coke and an order of Fries WITH Gravy and Cheese Curds! Brilliant!
(Some Day BK might see clearly and bring back the Veal Parmesan Sandwich. I would buy shares at that point.)
(And the effort begins… “Obama’s Stocks“? A Bloomberg “business” story with no mention of Inflation due to the Quadrupling of the Money supply. Drudge led with this today… And I’m following up with a purposeful repost from 011513)
What you are about to see…
In a couple of years or less there will be news stories touting the flood of new Millionaires. It will be attributed to the Brilliance of the President’s Socialist economic policies which are Keynesian in nature.
This will happen.
But what will be left out is that a Million dollars will buy you a loaf of bread.
While that will hopefully be an exaggeration, the cost of basic necessities has almost doubled since the President took office and there appears to be no end in sight.
The general public has… I would say “no understanding” but that might be generous… a negative, or less than any, understand of the relationship between a dollar and a dollars buying power.
One must first understand that the only reason a “Million Dollars” means anything is because of what it can buy… not because it’s a big number. I possess a Zimbabwe 1-Trillion Dollar note. This does not make me rich. It has no buying power, so aside from its representation of what we as a country are headed for, it has no value. It’s worthless. And… it’s WAY more than a Million Dollars.
We need to be ready for all the stories about recovery using inflated dollars to substantiate them. I hear the presses being inked as I tap this out.
Considering the Left is willing to equate anyone trying to stop irresponsible spending and the subsequent destruction of the greatest nation on the planet to slavery… you know the stories are being written right now.
Because no one wants to read about economic collapse…
Get your wheel barrows ready… you might have to go to the store for bread.
But we’ll be Millionaires!
And the Left will take credit… unless we see it for what it is, then they’ll blame everyone else.