BreakOut

Doing so as we speak, so to speak.

“Gold Goes Space Needle” Gee, it’s almost as if a dozen-plus years of “not actually printing” money has, shall we say, actually, consequences?

Followed by the infamous “Denver Drop”?

Joseph Kennedy and Jesse Livermore, for two. But old Jesse lost his mojo .

One possibility: Those that forced 0.25% on Grandma during much of the previous fifteen years might consider doing the same again at some point during the next ten years? What should one fear more, this possibility, or the specter of persistent inflation? Even in the latter case, if one ladders the bonds (actually Treasury Notes), one can keep rolling into new ten year bonds as the shorter term ones mature, at the new low price /higher rate. And meanwhile watch the skyrocketing Magnificent Seven go ever higher, dreaming of the yachts one could have bought.

Whilst not 1% per day, 4.3% still beats 0.25% by a long shot.

I love the smell of resubstantiation in the morning.

I’ve seen this somewhere before….

That is a very definite possibility. The charts and inflation-stubbornness support it. But I am old enough to remember negative long-term rates, and some openness to them even in our own camp. And the zero bound decade. So, given how hard it is to predict, especially the future, what is a schlub to do to hedge one’s bets?

“Shirley, this can’t go on…”

Welllll doggies. Ol’ Jed made another 10 million today.

I thought I had discovered your secret sentiment indicator. Like the kid who accidentally took a picture of Clark Kent changing into Superman on the old TV show.

Lowest views of the year. “It can’t go down.”

Aluminum engines just aren’t what they’re cracked up to be.

“Always the low price”.