Don't know Gus...but what I do know is the happy talk about all's well with the global economy is just that; happy talk. Several things are "for sure" as the saying goes, the problems in Europe are far from over, in fact, the debt crisis probably gets much worse this year....more band aids? It was 2 trillion Euro last time. You can't cure structural deficiencies in an economy by printing money, but we keep trying. The other thing that may happen is a more severe slowdown in China and India. If China is a bubble economy ??????? the only way to placate the population will be government support and subsidy. How long will it take China to run through their $ denominated reserves?
Warren Buffet has said treasuries are the worst investment one can make....hope he's wrong, because people pile into them for "security". When that Merry-Go-Round stops the real estate bubble will look minor in comparison. Can Bernanke manage interest rates????? Perhaps, perhaps not. If he can't then we are all in trouble. Much has been made about how manageable the interest payments are on the national debt. That's a particularly troubling complacency.
Keep that printing press warm Ben.
