The title doesn’t have much to do with tonight’s market update, but it’s just that I keep thinking who IS going to bail US out now that the US government has embarked down the slippery slope of taking all the bad debt in the world on to itself and on to the backs of US taxpayers for generations. Our friends the FCBs are beginning to show signs of getting cold feet over this mess. If they slow their buying of Treasuries, it’s game over. Then the question becomes whether the Fed will attempt to inflate us out of this mess, and if they do, to what effect?
Looking at the market action over the past few days isn’t exactly enlightening but we’ll do our best to parse the somewhat conflicting signals to make an educated guess as to where we’re headed in the near to intermediate term. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information useful, I will give you a full refund. It’s that simple. Click here for more information.