Comments on: “If The Yield Goes Significantly Higher The Market Is Going To Freak Out”

By: Jimbo

Jimbo — Sat, 29 Jun 2013 10:13:00 +0000

I lived in London in 1990 when Britain was locked into the ERM (european exchange rate mechanism). The British economy was raped by currency speculators who knew that Britain was obligated to take whatever measures it could to stay within the ERM window. Sadly, a great number of those speculators were in the City of London. I personally witnessed drunken 20 something currency speculators cracking open magnums of expensive champagne because they had made a killing on Britains 6 billion pound loss. That is so not right.

By: Jimbo

Jimbo — Sat, 29 Jun 2013 09:55:00 +0000

I understand where you are coming from. Growth requires investment. I invest in my kids. I want them to grow. My point was aimed more at speculative investment where the only motive of the investor is to profit. The exchanges are not just places where people can invest in business. They have become places where people can profit on the rise and fall of share values. The investors care not for the welfare of the company they invested in. They only care about their margin. You can bet on anything nowadays and if betting on a falling share value is seen as normal market practice, then I will have nothing to do with it. We are all good people on here and I appreciate your educated response to my comment. God Bless.

By: theblues77

theblues77 — Fri, 28 Jun 2013 14:52:00 +0000

“FIAT because for every dollar I could make on the markets, someone else will lose a dollar”

I like your post but its not entirely true. The pie that is called the economy is not fixed but can grow so there can be winners without losers. When you buy stock at the most basic level you are loaning the company money. If they do good with this money and make profits the economy grows. The stock price also grows and you earn dividends based on this relationship, or sharing in the profits. The company you work for may do this.

I understand where you are coming from, though.

God Bless.

By: Sick of your fancies....

Sick of your fancies.... — Wed, 26 Jun 2013 17:46:00 +0000

stop using “the end….,” please! You are not the last word, the conversation is evidentially NOT at an end, and the finial is both redundant and rather supine.

By: Ayn Rand

Ayn Rand — Tue, 25 Jun 2013 06:25:00 +0000

Gary, I would love it if we could trust government with that sorta money. Well… we can’t. They will just abuse it like they abuse everything else. More and more I support Anarcho-capitalism or minarcho-capitalism. The less government the better.

By: squashpants

squashpants — Mon, 24 Jun 2013 17:06:00 +0000

Just a note re:this article. I read on AP online that 10-Year Treasury Bonds interest rate have topped 2.6 % “for the first time since August 2011″. So it doesn’t sound like it is stabilizing. Wondering if Michael will comment on this.

By: Shmeggle Marxist

Shmeggle Marxist — Mon, 24 Jun 2013 16:03:00 +0000

60% means the only people left working are gov’t employees (well almost). the rest of us can live large like gary knowing that their contribution ($0) is doing the Lord’s work…………………..

By: Shmeggle Marxist

Shmeggle Marxist — Mon, 24 Jun 2013 16:00:00 +0000

and now a word from our commie anti-USA ‘friend’…………

Gary, lets ‘print’ all the money we need and stop taxing people. Makes sense to a brain-trust like you, doesn’t it?

do you get hard thinking of taxing the rich hard?

By: GSOB

GSOB — Mon, 24 Jun 2013 02:03:00 +0000

Well, if the govt. is going to trap me for something I write, then what I write is what I write. I don’t live in that kind of fear yet.

Do you?

By: GSOB

GSOB — Mon, 24 Jun 2013 02:00:00 +0000

Why do you need to know these things? Bottom line is this, are you a child of God or a child of the Devil?

Jesus said that unless your born of water and spirit, you can not see the kingdom of God.