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IRA/Group-
Ira, you've answered one question but can you (anyone)
tell me when does
the vacation season officially begin? Tks for any
comments.
Chas
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On Sun, 2 Sep 2007 07:42:29 -0700
"Ira" <mr.ira@xxxxxxxxxxxxx> wrote:
> All the big kids should be back at work this week. The
>vacation season is officially over with the Labor Day
>week-end. Of course those that like Palm Springs, there
>the season is just beginning, but few NY traders hit the
>springs.
>
> The following is a quote from the London Reckoning.
> "Treasuries should get shellacked now that Bush has
>proposed the nationalization of the subprime market" by
>Dan Denning.
>
> The government says that there is no inflation or that
>it is within its guidelines, but there is a double digit
>rise in the cost of living. With the Debt created by the
>Iraq war and now that there is a proposal to cover the
>subprime problem by the government the only answer is to
>inflate. Payoff the debt not with what is left of the
>dollar, but pay it off with even cheaper dollars.
> Remember what happened after the Vietnam war and the
>payment of that debt. So if you believe that this is
>true then the only place to invest is in hard assets such
>as gold, silver, and even in real estate. I remember
>interest rates in the high 20% range and the question is
>will gold and silver take out the old highs from those
>years. I will do some work on gold later in the day.
> .
> Ira
> www.thetradersguide.net
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