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I am very seriously trying to get my head around all of this, so as to position myself properly. Short bonds, long gold, etc. for the impending inflation and o
by robotrout 18y ago
I am very seriously trying to get my head around all of this, so as to position myself properly. Short bonds, long gold, etc. for the impending inflation and our battle with it. Like the author, I also share a deep unease with this level of spending.
However, in reading this piece, I felt it was overdone. I've been paying attention, and I haven't noted many of the things that the author notes. Paulson and Geitner and Bernanke"at sea", for instance. I haven't seen evidence of that, except for Geitner's "we plan to have a plan soon" speech, but he's since rectified that. I also haven't seen evidence of Wall Street being overly influential in Washington, but instead, Washington is now overly influential on Wall Street. I just feel he stretched a little far on this article, with a definite goal to scare anybody that hadn't been paying attention.