Analysts poring over the July 31 - August 1, 2012 Fed Minutes quickly honed in on the following paragraph. I put the key sentence in italics.

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Mike Shedlock

Mike Shedlock

Mike Shedlock is a registered investment advisor representative for Sitka Pacific Capital Management.

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9 Comments So Far
roadlesstraveledby Wrote: Aug 24, 2012 8:24 PM
No coinkydink that Boy George has dumped banks and loaded up on gold....
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Blair31 Wrote: Aug 24, 2012 3:55 PM
I don't care. I don't invest.
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roadlesstraveledby Wrote: Aug 24, 2012 8:27 PM
Do you eat? Do you consume? Do you pay bills? Unless you live on an island like Robinson Crusoe then you may find yourself caring a real lot real soon.
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2ndamendment Wrote: Aug 24, 2012 3:27 PM
Gold, Platinum, Silver, I wonder which the Federal gubmint will confiscate first?
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Andy440 Wrote: Aug 24, 2012 2:51 PM
Comments 'blotted out'. WHY? Too incendiary?
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Chris from Kalifornia Wrote: Aug 24, 2012 9:06 AM
I wish I could just print more money and use it to pay off MY debts. How convenient in the short term. Well, I suppose I could do that but long term I'd probably end up in jail.

Why is it criminal for a free individual to do things that the government thinks are fine and dandy for them to do?

Anyone read the constitution lately? What they are doing is illegal, immoral and bound to get them a warm reception when they die. HeII will be overflowing with politicians.
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M1946W Wrote: Aug 24, 2012 8:29 AM
One can just tell times are getting very, very strange when German bonds are being snapped up at negative interest rates.
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Chris from Kalifornia Wrote: Aug 24, 2012 9:10 AM
Economically it could make sense in that they lose less money that way than by other strategies. Like a factory can temporarily cut it's losses by continuing production rather than laying off people and cancelling supply contracts. Costs of unemployment insurance and payments of cancellation fees might make it less costly to sell at a loss at least for awhile till you can fix the underlying problem. In Germany's case I don't think they are going to fix the underlying problem.
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Kurt114 Wrote: Aug 24, 2012 2:00 AM
Interest rates on treasuries cannot remain this low unless the fed buys even a larger percentage of debt than it already is. Once rates jump the game is over. Interest on the national debt will consume the federal budget. All this talk about gradual cuts in federal spending over a time frame of years will end. Politicians have about frittered away the last of the opportunites they had to rein in spending. I fear the "solution" for federal spending is about to be forced on them by economic realities. Got gold?
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