Emini Trading Update – Tuesday 12 Apr 2011 (21:30)
Still not got the timing of getting these videos out. I’m dedicated to the cause but my schedule in Sydney is pretty screwy: Nap beween 9pm and 11pm; Trading between 11pm and 2am; Sleep between 2am and 6:30am; etc. Well you get the picture and then after that I have to get the video out.
Anyway, discussion of Bond market and Ben B. today. I hope he knows what he’s doing. Being in Australia with the Aussie at $1.05 versus the US Dollar we really feel the cost of living here. Everything is expensive – and then if Ben B. trashes the USD (even more) …
I used to be on the deflationist side of the argument and that the US is following Japan. But these days I’m starting to understand the hyper-inflationists argument and why the US is different from Japan – and frankly, it has me worried, very worried.
The money printing has to stop and therefore the Government spending has to stop. Ben B. is signalling that he wants to stop the money printing but the Government has no clue how to stop spending money. Someone or something will have to give – and ultimately the market will have it’s way. George Soros knew that when he shorted the UK Pound – and he didn’t do it at the top when he made his Billion.
Link of the day …
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