Showing posts with label QE2. Show all posts
Showing posts with label QE2. Show all posts

Friday, December 17, 2010

tHE bOND bUBBLE... IS aBOUT tO bURST!

In 2006 I was a regular part-time daytrader. I had a day job so I didn't make allot of trades but I did use a six figure margin account I had established with one of the well known brokerages. When 2007 rolled around, I got cold feet and got out. I likened my feeling to looking out over a bay... feeling a strong breeze from the West and seeing the sailboats with their sails unfurled ... sailing WEST! (the wrong direction) Something was wrong and I couldn't quite put my finger on it... but luckily for me... I knew enough.

At the time, I wasn't watching Al Jazeera English but there was a gentleman who had also noticed. Here's his report from May of 2007.