Will they or won’t they? Bad enough or not? What’s it gonna be?
Almost every “investment vehicle” sans Apple & Google (and the defensives) are trading based on the guarantee of free money liquidity stimulus/pumping coming from every direction; America, Europe, China. And commodities, primarily precious metals, are soaring.
Are these prices justified as “real”? Are they sustainable? Or are they just a figment of the hope of more free money to be pumped into the closed loop of the banking system? Well, my forecast for years has been that the 10 year Treasury bond will yield 1% at the bottom of the “Credit Crisis” and we are not there yet.
One of the most telling signs was from Glenn Hubbard, Mitt Romney’s Finance guy who says that Bernanke should stay if a Republican is in the White House.
You see? Everyone loves, wants and needs free money. But only some will get it. Not you.