Thursday, December 9, 2010

12/9 3:05

Three waves today.

1 comment:

  1. Regarding your 60y interest rate cycle chart, there is room for a new low without significant deviation from the concept.

    Only two possibilities really:
    1. Fed backstops everything with free money and rates shoot up.
    2. Bankruptcy cascade drives treasury rates to new lows.

    Option 1 eliminates the dollar as a reserve currency and the fed is dismantled.
    Option 2 is something the fed has previously lived through.