The ‘Pimco Bond People’ interviewed on CNBC, I think it was Friday, maybe Thursday, says, the game of chicken is the game. , The SELL, the cash out is here and greed has its finger on the button.
Yes, I translated the pimco interview; understand pimco is a vender of the fed.
Understand also, that if it were not for the annuity inflow's of retirement payments to the market, the first in - first out for a fee market, the market would be at the pre-consumer banking model before the conversion to the investment banking present model. That would put the true hard currency reality price of the market in the 7000-9000 DOW range.
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