Should be good for IVAN, as does the Market, as it looks to open higher.
With the Market looking out 9 mon. Maybe, just maybe, the botom is in and as with many Recessions before the market and economy will rebound nicely rather than drag on.
But I have a question. With the FED and Treasury doing what they did yesterday. What are the thoughts on the long term inflation rate? I think that the action taken in the short term is ok, but if it's held for 9+ mo well then I think the inflation of the early 80's may be back and with a vengence.
Granted either way I think IVAN is a good play with Oil going higher.
I hope the bottom is in as well. But, as a famous green skinned pointy eared Jedi master once said.. "Hard to see, the future is".
I agree with you that inflation will be in our future, just a matter of when and how severe. I hope I am wrong, but I see us reliving those early 80's again within the next 2-3 years and it could be worse than then. Time will tell.
I am glad I bought more IVAN below 50 cents. I just wish I had more $$ to buy more. It will be interesting to see what happens after a decision is rendered regarding the Grynberg suit. If it is in IVAN's favor, alot of people that bought this stock for pennies may have him to thank in an ironic sort of way. Bolt
"I agree with you that inflation will be in our future"
The mindless blow hards at CNBC today rattle their voices about the Benake Trillion being so inflationary.hmmm
I don't agree buying MBS and Treasuries isn't inflationary if they are sold back later and the money taken out of the system...
When leverge is decrease their is a decrease in money supply...So, adding a little money won't be inflationary...
If you lever 1 trillion 20 times we have a 20 trillion supply.So, if you lower the leverage to 10 times we have a decrease in money supply of 10 trillion. Conclusion Bernakes added 1 Trillion doesn't replace the ten trillion lost...
SO WHERE THE HELL IS THE INFLATION FROM ADDED MONEY?
Now we ge inflated commodities because of demand outstripping supply.....