Crude should pop, gold too...Bonds will soar, the buck will fall... all negative for the markets... i am short..and holding... see you and everyone in the am...
Good Lord, can it be? Mish and Jerry agree 100%
Are we both right or both stupid? In either case we do not often agree on three simultaneous points. (hope it is a good omen and not a bad one)
------ Gross notes that foreigners own 35% of US Treasuries, 23% of corporate bonds, a 14% direct interest in US companies and direct ownership of 13% of all US stocks. Thus, if foreigner become frightened about the US dollar, we could have quite a waterfall in the markets.