Thursday, January 30, 2014
I Think We Peeked Over The Cliff
With the GDP being revised down as predicted. Some crashing emerging market currencies. Bank closings and withdrawal limits. China's output reduction, tapering, more company closings......
Well the list just goes on and on but you could feel a definite panic floating around out there this past weekend and earlier this week.
In fact I kinda believe more than a few people out there who are much better connected than I am were very worried for a bit.
Something ugly and hungry came and looked in the window and scared some people. Maybe that's what sent those Bankers over the side of the buildings this weekend?
Today things seem to be back to their normal manipulations. Precious Metals were heading up as the market indexes were heading down Monday and Tuesday but this morning so far it looks like the trend has reversed back on to itself. As I said GDP was revised down but it was then praised in the media as making expectations.
What I think we are seeing is that for a brief time control was lost but has now been regained at least to a point that those pulling the strings are breathing a bit easier.
However there are some other more low key moves coming out that make me wonder just how close we were. For one now Mayor Emanuel is making a low key attempt to pass Chicago pensions off onto the State of Illinois.
Emanuel Ill. Legislature must fix city pensions
Detroit much there Rahm? So basically what he wants to do is pass the payments for these pensions off unto the state and people who don't live in Chicago and never received even an ounce of the over rated services that were supposedly supplied? Yep something has gotten the "in the know" crowd spooked a bit.
I have been sitting here wondering just how close we came.
Seriously people have your preps in order and ready to go because I think this was a sign that the final slip can go down at any time. Then again they could continue to keep control for years yet. Who knows?
But something rattled a few cages recently.
Keep Prepping Everyone!!!