Doom Speaks
Dr. Doom says QE3 is coming by year end due to the 50/50 coming recession deepening Depression. We'll know more tomorrow when the Fed talks in Jackson Hole. Roubini recommends cash, not stocks or bonds, where losses could be 20-30% during the next year.
Our savings are back to where we were in November 2010. We'll need DOW 12k or 2.4% earnings to break even in 2011. In any event, 2011 is a wash for our retirement savings that we'll need in five years. QE3 means whatever we have will be worth less due to inflation.
The December 21, 2012 Mayan Apocalypse is looking better every day.
Our savings are back to where we were in November 2010. We'll need DOW 12k or 2.4% earnings to break even in 2011. In any event, 2011 is a wash for our retirement savings that we'll need in five years. QE3 means whatever we have will be worth less due to inflation.
The December 21, 2012 Mayan Apocalypse is looking better every day.
posted by lugh lampfhota at 10:36 PM
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