Sunday, October 31, 2010

Emerging Market Bond Bubble?

I'll be brief tonight because my 6 time Super Bowl Champion Steelers are on.

A couple of quick things.  First I suggest that you read Jeremy Grantham's latest named "Night of the Living Fed".  Jeremy is a legendary investor who is one of Wall St's all time greats.

It's a nice read.

Also:

Emerging market bond bubble anyone:


Bubbles are popping up everywhere as Wall St frantically looks for decent yield.  At this point, investors would buy a house full of hookers that had herpes if the place was yielding 8%.

Like all bubbles this one won't end well.

In the meantime:

Party on! 

Also, lets not forget to thank Mr. Bernanke and the Fed for turning our financial markets into one giant Ponzi scheme/casino as a result of their zero interest rate and other easing policies.

Futures and gold are both up again!  Don't forget, QE2 is only 2 days away and it's gonna be one hell of a party because all of our problems will be solved!!!  Let's Celebrate!

4 comments:

Anonymous said...

watching the celebration vid, along with the cryptic, sarcastic undertones made for quite an appropriate halloween spook, jeff.

happy halloween!

getyourselfconnected said...

You know I am a huge Saints fan but I think the Steelers have too much for my crew!

Jeff said...

Thanks anon!

Happy halloween to u as well.

Jeff said...

Tough game so far. Defensive struggle