Bullitt
Well-known member
The Alchemists are the smartest guys in the room. They know this whole thing is a house of cards built on sand and a rate raise would absolutely destroy majority of homeowners hanging by a string. They raise rates and deflation would kill even the cockroaches, so keep em at .015% or whatever the rate is that the big banks can borrow from, and hope that this disaster can reflate. Imagine a balloon with a hole in it hooked up to an air pump. Keep gassing the air pump and the balloon will stay inflated (barely). Let the foot slightly off the gas and the whole thing collapses.
It amazes me how I heard a guy say buying the Euro here is a smart contrarian play because the Euro is where the dollar was a few months ago. I guess the complacency is so high at this point that investors are conditioned to buy whenever the market is down because it will come back in a few days.
It amazes me how I heard a guy say buying the Euro here is a smart contrarian play because the Euro is where the dollar was a few months ago. I guess the complacency is so high at this point that investors are conditioned to buy whenever the market is down because it will come back in a few days.
