World Turned upside down

[Bubblesitter]

I’m increasingly being convinced that there is now a higher probability (although still low…say 10%) of a “world turned upside down” scenario occuring’.

I think it may be manifested in a sovereign debt problem that expands beyond Greece and Ireland into Portugal, Spain, Italy and beyond. US may take some temporary benefit as safe haven investment, but with 70% of US debt maturing in 5 years or less, , we will be a world of hurt it yields need to go up.

Deadlocked, partisan congress will not tackle any near term or long term structural reform.

I’m trying to provide some protection of my hard earned assets in event of this increasingly likely “black swan” event.

Bubblesitter

[permabear]

[quote=Bubblesitter]Deadlocked, partisan congress will not tackle any near term or long term structural reform.

I’m trying to provide some protection of my hard earned assets in event of this increasingly likely “black swan” event.[/quote]

Are you still in cash and gold? I think that’s about as good as you can get. I think bonds will continue to get killed, especially with the missing Build America Bonds in the current tax “compromise”. I could also see stocks continuing to advance another 10%, but that entails risk.

Gridlock doesn’t concern me, despite the media. The previous housing credits, for example, were passed near unanimously. Just ask, “will this help banks” and if the answer is “yes”, then it will pass.

I too think there’s about a 10% chance of a debt crisis and spike in interest rates. But I think it would be temporary.

[permabear]

[quote=Bubblesitter]Deadlocked, partisan congress will not tackle any near term or long term structural reform.

I’m trying to provide some protection of my hard earned assets in event of this increasingly likely “black swan” event.[/quote]

Are you still in cash and gold? I think that’s about as good as you can get. I think bonds will continue to get killed, especially with the missing Build America Bonds in the current tax “compromise”. I could also see stocks continuing to advance another 10%, but that entails risk.

Gridlock doesn’t concern me, despite the media. The previous housing credits, for example, were passed near unanimously. Just ask, “will this help banks” and if the answer is “yes”, then it will pass.

I too think there’s about a 10% chance of a debt crisis and spike in interest rates. But I think it would be temporary.

[permabear]

[quote=Bubblesitter]Deadlocked, partisan congress will not tackle any near term or long term structural reform.

I’m trying to provide some protection of my hard earned assets in event of this increasingly likely “black swan” event.[/quote]

Are you still in cash and gold? I think that’s about as good as you can get. I think bonds will continue to get killed, especially with the missing Build America Bonds in the current tax “compromise”. I could also see stocks continuing to advance another 10%, but that entails risk.

Gridlock doesn’t concern me, despite the media. The previous housing credits, for example, were passed near unanimously. Just ask, “will this help banks” and if the answer is “yes”, then it will pass.

I too think there’s about a 10% chance of a debt crisis and spike in interest rates. But I think it would be temporary.

[permabear]

[quote=Bubblesitter]Deadlocked, partisan congress will not tackle any near term or long term structural reform.

I’m trying to provide some protection of my hard earned assets in event of this increasingly likely “black swan” event.[/quote]

Are you still in cash and gold? I think that’s about as good as you can get. I think bonds will continue to get killed, especially with the missing Build America Bonds in the current tax “compromise”. I could also see stocks continuing to advance another 10%, but that entails risk.

Gridlock doesn’t concern me, despite the media. The previous housing credits, for example, were passed near unanimously. Just ask, “will this help banks” and if the answer is “yes”, then it will pass.

I too think there’s about a 10% chance of a debt crisis and spike in interest rates. But I think it would be temporary.

[permabear]

[quote=Bubblesitter]Deadlocked, partisan congress will not tackle any near term or long term structural reform.

I’m trying to provide some protection of my hard earned assets in event of this increasingly likely “black swan” event.[/quote]

Are you still in cash and gold? I think that’s about as good as you can get. I think bonds will continue to get killed, especially with the missing Build America Bonds in the current tax “compromise”. I could also see stocks continuing to advance another 10%, but that entails risk.

Gridlock doesn’t concern me, despite the media. The previous housing credits, for example, were passed near unanimously. Just ask, “will this help banks” and if the answer is “yes”, then it will pass.

I too think there’s about a 10% chance of a debt crisis and spike in interest rates. But I think it would be temporary.

[Bubblesitter]

Wild ride today in the markets

I’m watching the Asian markets tank tonight and stock futures looking bad

My level of risk aversion is approaching 2008 levels.

Crazy stuff. Lets be careful out there.

bubblesitter

[Bubblesitter]

Wild ride today in the markets

I’m watching the Asian markets tank tonight and stock futures looking bad

My level of risk aversion is approaching 2008 levels.

Crazy stuff. Lets be careful out there.

bubblesitter

[Bubblesitter]

Wild ride today in the markets

I’m watching the Asian markets tank tonight and stock futures looking bad

My level of risk aversion is approaching 2008 levels.

Crazy stuff. Lets be careful out there.

bubblesitter

[Bubblesitter]

Wild ride today in the markets

I’m watching the Asian markets tank tonight and stock futures looking bad

My level of risk aversion is approaching 2008 levels.

Crazy stuff. Lets be careful out there.

bubblesitter

[Bubblesitter]

Wild ride today in the markets

I’m watching the Asian markets tank tonight and stock futures looking bad

My level of risk aversion is approaching 2008 levels.

Crazy stuff. Lets be careful out there.

bubblesitter

[Aecetia]

I predict the same scenes in Europe coming to an American city near you. Too many unemployed youth and the availability of cell phones and social networking can turn any gathering into a mob that can quickly start looting and burning with or without provocation. Look around where you live and work. Are there enough police to keep you safe? Are you sure? Red alert. This summer is going to keep getting ugly. I hope I am wrong.

[Aecetia]

I predict the same scenes in Europe coming to an American city near you. Too many unemployed youth and the availability of cell phones and social networking can turn any gathering into a mob that can quickly start looting and burning with or without provocation. Look around where you live and work. Are there enough police to keep you safe? Are you sure? Red alert. This summer is going to keep getting ugly. I hope I am wrong.

[Aecetia]

I predict the same scenes in Europe coming to an American city near you. Too many unemployed youth and the availability of cell phones and social networking can turn any gathering into a mob that can quickly start looting and burning with or without provocation. Look around where you live and work. Are there enough police to keep you safe? Are you sure? Red alert. This summer is going to keep getting ugly. I hope I am wrong.

[Aecetia]

I predict the same scenes in Europe coming to an American city near you. Too many unemployed youth and the availability of cell phones and social networking can turn any gathering into a mob that can quickly start looting and burning with or without provocation. Look around where you live and work. Are there enough police to keep you safe? Are you sure? Red alert. This summer is going to keep getting ugly. I hope I am wrong.

[Author]

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