Wednesday, June 24, 2009

FED WILL NEVER RAISE RATES...BUT MARKETS WILL

THE FED IS PERMANENTLY AT ZERO...AND LESS THAN ZERO ON INTEREST RATES...

THE US ECONOMY IS A ZOMBIE...IT WILL NEVER "RECOVER"....THE US ECONOMY WAS COMPLETELY BUBBLE DEPENDENT...AND CAN NOT SURVIVE OUTSIDE OF THE BUBBLE ENVIRONMENT...

LIKELY INTERNATIONAL CENTRAL BANKS AND INVESTORS...WILL START PULLING THE PLUG ON THE US ECONOMY SOON...

PERHAPS A RETURN TO THE NOTION THAT "ALL ECONOMIES ARE LOCAL"...

WHICH IS TRUE...WHEN THINGS GO HORRIBLY WRONG AT THE MACRO LEVEL.