I cannot believe how many of you still desperately cling to idea that inflation is looming. How many damn economic data points all confirming deflation is it gonna take to turn you people?
Many of you are starting to look pathetic.
Give up the ghost. Deflation is here and the resulting response (to deepening deflation) of the FOMC and the financial markets is predictable.
Swallow your pride (and your obsession with inflation), and then join me in making all this money. Good grief, the yield on the 30-year T-bond has dropped nearly a hundred basis points since early April. You think that’s a sign of inflation? No, that’s a sign i’m making loads of money betting on deflation by holding long bond funds.
Gold is next to fall. Gold is gonna get hammered. And if it doesn’t fall by natural market forces, our government is gonna make it fall in price by unnatural forces.
Oh and stocks are falling and I’m leveraged short stocks. Oh, and Asia is crashing again and I’m leveraged short the China market.
