Monday, July 25, 2011

From yellow to red


We have had yellow light for a long time:  plenty of time to get out, plenty of time to reposition. Now the lights are turning red - red for bonds and stocks and even red for gold. Why? The whole machinery of finance is about to come to a halt. If it won’t be this week, it will be next week; if it is not this month, it will be next month.

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