Thursday, September 19, 2013

Here’s Why There Is A War In Gold Near The Key $1,300 Level
The prevailing wisdom is that the financial crisis is behind us.  In part, the belief is that time & distance alone have sufficiently insulated us from further market turmoil.  Yet, time & distance have simply allowed for massive accumulation of debt, an ever- expanding Fed balance sheet with no realistic (sans-market-shock) exit plan, nothing more than a bad comb-over for the Real Estate sector, zero resolution to unfunded liabilities/entitlement programs, record disability & food stamp recipients, record low labor force participation rate, stressed states/municipalities, a five-fold increase in federal student loan debt, a surge in margin debt, foreigners selling our debt at a steady clip, etc.  Old and new bubbles and troubles everywhere.

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