Intraday Spider Lounge Fri March 22nd start of ban Anyone feel 'lucky' that Cyp banks are Bk,
the EU has been paying the deps up until now,
and the 20B EU bailout won't come close to holding
the banks up with the fear issue they started.
and all the us a banks that just passed the rigged stress test
all have ties to Eu, and the bank run pressure will happen all around the world,
add that to the currency wars,
everyone is trying to hold and protect their value but there is too much pressure
trying to take it away. "hair cuts" , taxes, inflation, or what, they all take your $.
stock up a few mos ahead on necessities, and sit back and watch it get na-sty sorry to say.
but there is too much in the cesspool of politics and econ pressure to stay calm much longer.
And the only econ 'rcovery' so far in the us a is on the supply side,
the financial cash (borrowed at 1/4% from the Fed) being pumped into the stock market
(not loaned to consumers)
the corp cash building inventory and holding on to more workers,
BUT
there is no real demand side, as joe six pack is broke.
(there is some necessary spending on food, gas, tires ect)
but a lot are buying used of CL, EB, local markets, and growing gardens,
getting more independent as retail prices keep climbing.
I don't see 2% inflation, when a can of food that was $1 is now $1.25.
Do not believe the headlines, it is 90% psy control.
(like the Fed gov is broke, but just found a few billion for the military
the new missile defense program to protect us from N k or ea...? really...more like r us a.)
Take care of yourself, and your fr and family.
Panic can get u g l y.
And the like to announce bad news on the weekends, when the mkts are closed.
... go ahead and buy this dip* if you feel lucky... or know something I don't?