Looks like 'they' made a number of small shorts have to cover today?
Greece is not getting much 'debt forgiveness'.
Looks like the individual country itself has to declare its own 'no-more-paying' status. The biggest problem is most debt creation goes to repair and maintaining social services for out-of-control population explosions. The debt taken on is not creating something of value and that is itself capital productive, and can pay back interest, etc. on its own borrowing amount. That's is what is wrong with most of us . . . we are now living larger and higher status via debt. I know accidents and disease happen . . . but do you really need the latest Apple device to prove you are someone? Its psychology of modern times . . . YOU! Need To Look Sharp!. What is the Plan B and C if your means change? Living in your car?
We've got a real hard nut here with our HL.
China has pushed back against IMF denial on its state currency being welcomed into the top trier reserve status, by lowering its Yuan roughly 2%. Then, other Asian currencies are having to match that, to protect their own competitive purchasing power comp-ratio. The FED kind of tells us we are not going through the 1930s again (are we even out of 2007 debacle yet)?
But are not all nations in a trade war, based on deflating prices?
Apparently . . . we are now run by a small percentage of 'smart-for-me . . . and to double H for you who are lesser than US!'. That kind of money creation philosophy and Good Work Ethic lack is not getting a returning economy and society. Our leadership is sitting on its hands, while Smoke is rising from the New Rome.
Baring a panic run into PMs (meaning we all are using PMs as our personal bank now like a 3rd and 4th world-er), what can we really see from HL stock price?
We may be screwed to the floor of small stock price rises and falls (say $1.50 - 3.50). I guess I just hold and wait long range . . . until DC folks vote in a tax-free Holiday for all the overseas profits return to USA. Maybe that is what rising the USA FED I% policy is all about (to draw back those funds into domestic investment to ;)restart America). We will be eating grass and growing a garden to get by . . . if they wait until 2017-18.
