Random Stuff

Martin Armstrong has a couple of new essays worth reading this weekend.
They can be found here: http://www.martinarmstrong.org/

Tom O' Brien is still saying Gold will go down. Thanks Tom. The day you say it's going up I will bail. No, probably not, because somehow you will still be wrong. I just haven't figured out how.

Non farm payroll is due out today. Big whoop as even my dog knows it's bad garbage and not to eat it. Consensus is 85K in the plus column to be revised down next week. Rinse and repeat.
Word on the street is the market will rally on really crap numbers as that will be another excuse for QE3.  We don't need no stinkin' excuses. Just print you know you want to.

Reggie Middleton has a very stark world view where a winner take all scenario will leave the Euro, Dollar or China with all the chips. Go to his boom bust blog this weekend and read his latest stuff. Bring your own bottle. 

Bank of NY Mellon charging it's customers to park their money. Good job guys way to win customers. But maybe they are being honest and just recognize that this is really what all banks do in reality. Case in point BOA (I know poster child for bad bank) is in trouble (again) for making sure it's customers pay the maximum penalties by honoring the big check and letting all the little ones bounce. The bottom line is put your money under your mattress as it will earn just as much interest and the bank can't steal it.

The real fearless heroes this week is anyone buying govt bonds of any description. We salute you.

Currency wars in full swing. Bank of Japan intervention pushed the dollar up and helped the DOW drop 500. The Swiss are pissed off with their Euro neighbors buying their money and are doing their best to push the Euro and Dollar higher against their currency.

Good times. Good times.

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