GS came out with a call to short the markets today. They also warn of not only a fiscal cliff, (US debt) but warn that we are about to fall off of a monetary cliff. Meaning the US dollar is going to decline??
Meaning inflation? Meaning interest rates will climb?
Isn't inflation what we want out of this whole low interest rate thing? Inflation is good for the stock markets in the initial stages. Higher interest rates would make the banks even more profitable.
I don't trust their call. They are either short the markets and want them to decline or they are looking to buy long....
And the selloff today doesn't feel like more than a technical selloff. At least so far.
Oil is well off lately. Gasoline is going down, leaving more money in the consumers pocket.
The switch to Nat. Gas is on.... Coal is way down.
Waiting to see....
gh
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All comments are appreciated as it will give me a chance to adjust my content to any real people who may be out there. Thank you. gh