Global Economy Bursting?

[Couch Potato]

China has a trade deficit, and commodity prices are falling.

Things change. :new_all_coholic:

 

[Couch Potato]

Now prices are headed back up on the news from Saudi Arabia.

Things change.:new_all_coholic:

 

[Riick]

"The Cognitive Dissonance of It All"

"The Cognitive Dissonance** of It All"



LINK to very long PDF:
http://www.johnmauldin.com/images/uploads/pdf/mwo030711.pdf


I can’t adequately summarize this article, though I’ve tried.
However, if you want what appears to me,
to be an honest assessment of what is and
what will most probably be going on,
I think the above article is a must-read.
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,
"Men, it has been well said, think in herds;
it will be seen that they go mad in herds,
while they only recover their senses slowly,
and one by one."
– Charles Mackay, Extraordinary Popular Delusions and the Madness of Crowds




**

• Cognitive dissonance is an uncomfortable feeling caused by holding conflicting ideas simultaneously.
• The theory of cognitive dissonance proposes that people have a motivational drive to reduce dissonance.
• They do this by changing their attitudes, beliefs, and actions.
• Dissonance is also reduced by justifying, blaming, and denying.

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[Randolph Kinney]

Bond Market Anticipates Greece Defaulting as EU Leaders Meet

http://www.bloomberg.com/news/2011-...efaulting-as-eu-leaders-meet-euro-credit.html

New round of fear hits the euro-market.

 

[Doug Meyer]

Buy gold and silver

 

[Randolph Kinney]

Munis Are The New Subprime

http://www.cnbc.com/id/41993563

Fear abounds that defaults are coming.

 

[Randolph Kinney]

Pimco’s Gross Eliminates Government Debt From Total Return Fund

http://www.bloomberg.com/news/2011-...pimco-s-flagship-fund-zero-hedge-reports.html

Fear of rising interest rates and falling dollar grips investors.

 

[Workbox]

Pimco’s Gross Eliminates Government Debt From Total Return Fund

http://www.bloomberg.com/news/2011-...pimco-s-flagship-fund-zero-hedge-reports.html

Fear of rising interest rates and falling dollar grips investors.

Could this cause metals to rise?

 

[Randolph Kinney]

Could this cause metals to rise?

Money has to go somewhere. Stocks, commodities, bonds ... everywhere but housing.

 

[VegasWayne]

Sahara Hotel & Casino Closing

The Sahara Hotel and Casino will close on May 16th.
http://www.bloomberg.com/news/2011-...las-vegas-strip-will-close-amid-downturn.html