Friday, December 30, 2011

And the Numbers are in....Happy New Year

Well, the numbers are in the for year. Today was the last trading day of the year and here is how everything worked out:

Which Asset won this year? That's right. U.S. Treasuries. Even with ALL the fear mongering by the media and the S&P Downgrade of U.S. Debt, the yield on the 10-year collapsed to a new all-time low. And as we know from 2007-2008, falling rates are NOT bullish. I think the drop in yields this year is a harbinger of things to come next year, keyword DEFLATION. Indeed, 2012 is setting up to be one for the record books and likely financial hell will come upon us because of the recklessness of people like Mr. Sarkozy, Mr. Obama, Mr. Bernanke, Trichet, Geithner, and all the other clowns in Washington and at the FED. Oh, and of course you can't forget our friends at Bank of America, J.P. Morgan Chase, and Goldman Sachs. Nice going guys, you have assured financial destruction around the world because of your recklessness, irresponsibility, and outright fraud. In the end, the music will stop and these crooks will get what is coming to them. But to everyone else, I wish a happy and healthy New Year. May 2012 bring you success and prosperity.

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