One or more of the billionaires would be my guess. Looks like silver wants to go to $20+.
I agree with Marenkov that when the Euro QE is announced, could see a top in the European bonds, at least, if not U.S. bonds. Euro stocks may, or may not rally, depending on the size of the action.
Chipotle expects its animals to live lives of luxury before being made into burritos. The Chippy execs should bring the pigs & chickens home to live in their backyards. If they were truly humane, they should invent a vegan burrito that tastes halfway decent. But then they'd trumpet their 'vegetables with a conscience' and 'humane treatment of vegetables'.
Create money out of thin air, but instead of buying USTs, send a $5,000 check to everyone making less than the median wage. That would do it. We would have a boom, and probably 7%+ inflation. My plan would probably cost about the same as a new wave of QE.
From 1933 to 1937, there was a major bear market in treasuries, as the economy appeared to recover a bit. But even more seriously, from 1930 to 1933, there was a massive bear market in lower rated corporate bonds, as fears (and actuality) of defaults rose. Sell junk, if you insist on holding treasuries.
Incidently, that plan was a ripoff of JM Keynes--he famously (perhaps facetously) said the exchequer should bury cash in cans, and set off a wave of new employment as people & companies dug for the cash. But the helicopter idea cuts out the need to dig.
Instead of a new round of QE, how about going back to Ben's original plan of dropping $100 bills from helicopters, especially over impoverished areas? That money would do more good than QE!
I googled it and noticed that the tamiflu patent may be expiring soon. Can anyone provide more info? It seems the that earnings could suffer if it does. Thanks.
Adam Sandler makes the worst movies on the planet. Although that golf film was kinda funny.
The so-called "deflation" may be partly a result of the low rates themselves, in a couple of ways. First, as economist Ed Yardeni points out, the extremely low rates have caused overinvestment in some areas of the economy and created over supply, which produces deflation if demand doesn't rise to consume the supply. Plus the low rates themselves have reduced interest income to savers, who reduce their consumption.
Microscopic rates may be the problem, not the solution.
Brian Kelly at CNBC must have put out his "sell" on Friday based on this ominous, bearish pattern. Prior to Friday, Kelly was a bull.