Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
rickackerman.com / By Rick Ackerman / July 8, 2013, 7:20 AM GMT
There’s probably a trillion dollars or more parked in T-Bonds that could soon be looking urgently for a new home. As such, it’s probably a good time to revisit our technical forecast calling for a Dow rally to 16800 — an 11 percent premium over current prices. Where else can all that money go? Regardless, we have to assume that a wild plunge into shares right now would be a dream come true for Bernanke & Company, since it would help sustain the meticulously crafted illusion of a recovering economy even as steeply rising mortgage rates asphyxiate the U.S. real estate market.
Thanks to BrotherJohnF
