MikeCristo8
@MikeCristo8
What many macro analysts don’t understand is that banks will no longer control the “free market” by creating non-performing financial assets.
You won’t be able to get a bank loan to buy stocks. Those days are over now.
Gold is back up to $2,585 spot.
Many people believe gold is going to protect the dollar.
That is further from the truth.
“WARREN BUFFETT HAS DUMPED BILLIONS WORTH OF BANK OF AMERICA STOCK — AND THE CEO DOESN’T KNOW WHY (MSN)”
Because all the banks have to unwind their treasury bonds by Oct 1 for Basel III.
