Beiträge von Vanescent

    Es ist hier Mal der Verdacht geäussert worden, dass Kitco hie und da Silberkurse anzeigt, die weit neben dem tatsächlichen Preis liegen und nachher als Fehlanzeigen deklariert werden.
    Seltsamerweise ist zumindest einer der falsch angezeigten Preise wenige Tage nachher Tatsache geworden.
    Nun gibt es einen aktuellen Fall vom Sonntag.
    Statt 11.88 wurde 10.78 angezeigt.
    Mal sehen, ob diese VT in den nächsten Tagen verifiziert werden kann...
    :D :D :D
    Gruss

    Man kann es nur wiederholen.
    Natürlich gibt es Leute, die es durch die rosa Brille sehen, das sei ihnen unbenommen.
    Bill Cara spricht in seinem Blog von gestern wieder mal Klartext, wenn auch nicht so drastisch wie Eichelburg (Ausschnitt):



    ...
    Because the U.S. wants to keep printing money to meet its political agenda, I say that pretty soon there will be a shock to the financial system as a major bank collapses, and that will lead to a second and a third major bank collapsing – Tier Two banks for sure, and maybe even one of the Humungous Bank & Broker components.
    Oh, it’s coming.
    I’ll even say that as Bush III comes to Washington, it’ll be a case of Kirchner Redux. The leaders of China and Russia – debtor nations – will be saying “There’s a stigma to the United States after the default.” The President will then leave the G-20 meetings empty-handed.
    You see, people don’t understand how the U.S. already can’t meet its commitments without foreign capital. People are being wrongly encouraged that “Debt is good.” They also ignore the fact that for the first time since the Great Depression in the 1930’s Americans have negative savings; they are now mortgaging and selling assets in order to maintain a lifestyle to which they have become accustomed.
    Although it has been removed from the Little People, bankruptcy is now an option to others. Wealthy people are using personal corporations to personal advantage. Major business corporations are having friendly judges write off pension-related debts to former workers. Major cities and counties are declaring bankruptcy in order to walk away from obligations to employees and trade creditors. States are selling bridges and highways to friends in so-called private capital.
    In a few simple words, wealth is not being created any more than one-third as fast as money is being printed.
    Certainly there is a conspiracy against gold. It happens to be called the G-20 finance ministers and central bankers. And when the current people leave office, their replacements take up the same role. This isn’t a matter of right-wing or left-wing, or Democracy or Socialism or Communism, or anything of the kind. It’s simply Government – because absolute power corrupts absolutely, or something like that.
    At times it gets worse. Now is one of those times. The last time was in the 1970’s, and that one ended with Mexico declaring bankruptcy, and Gold hitting almost $800 an ounce from just $35 a few years earlier.
    Next time, it will be a number of major U.S. banks – bigger than Mexico in 1980 – and Gold will zoom to multiples of $1,000. This will happen.
    I’m not the only one who holds these opinions or writes about them, you know.
    BTW, my friend Michael Panzner, who is a rock-solid market professional in NYC, and author of Stock Market Jungle, is writing one called Financial Armageddon. Coming early in the New Year.
    ...

    Gruss

    Habe letztens öfters das Problem, dass nach dem Absenden des Beitrags die Verbindung unterbrochen wird.
    Der Beitrag ist dann zwar abgespeichert, erscheint aber nicht im Forum in der Liste der neuen Beiträge. X(

    Bill Cara hat in seinem Blog sich mal Gedanken aufgrund des Job Reports über die monemtane wirtschaftliche Situation gemacht und daraus Schlüsse für die Zukunft gezogen:


    The U.S. Jobs Report headline says that just 51,000 net new jobs were created, which is the lowest since Katrina, but that is not the problem at all. The problem is Stagflation.


    This report shows a wage growth of +4.0 pct over the past year in the U.S. Tied to the rapidly slowing economy, which this report reflects in declining house construction and related manufacturing job numbers, and the inverse bond yield curve, a rational person has to admit that the U.S. economy is stagflating.


    As I have repeatedly stated: stagflation is a killer of stock and bond prices.


    There are two scenarios that are likely for equities: (1) prices crash – deeply and quickly over 0-3 months – which would serve to radically change spending (consumption) and investment attitudes and behaviour, or (2) a long drawn out period of 12-24 months where the air is slowly let out of credit bubbles, and adjustments are made slowly.


    More on this later.


    Econoday.com usually has a good review of the U.S. Jobs Report, which will be updated here later this morning. I hope they don’t get caught up in the headline number or the prior month’s adjustment number because that is not where the focus needs to be.


    We – the buy-side and sell-side together -- have to confront the problem, which is stagflation – a condition of the economic and capital market cycles that has not been with us since the 1970’s.


    As somebody pointed out to me (or the blog) yesterday, what we face in the equity market today is much like November 1972. And, I’ll tell you, starting early in 1973 through much of 1974, it was a tough market to accept as bid prices and volumes disappeared. That is scenario 2 that I pointed to above.


    I’d much rather have a shock to the system, like October 1987, so we can get back to reality, allowing the bankers in the U.S. to write off bad debts, and bring equity prices back into line.


    With securitization of mortgages, and globalization that has happened since the last time we faced stagflation, the problem has become hugely complex. When I step back and consider whether Scenario 1 or 2 will happen, I believe that Scenario 2 (long and painful) is unlikely. At the first hint that maybe two years will be required to work out the structural problems, I think the foreign investor in U.S. debt (mortgages and Treasuries) will disappear.


    Better that everybody recognize that markets need to be rebalanced and take the action immediately.


    That still won’t bring the G-20 economically advanced nations to the table for a new general agreement on currencies though, and until we have one, we are going to have protectionist practices trying to protect local vested interests, which will result in sub-optimal international trade, and perhaps trade war.


    If you truly believe that the stock market is a leading indicator, and a Dow 11,900 is a fair measure of equity prices, then for Dow 12,000, 13,000, 14,000 … will need annual hourly wage growth of 5-pct, 6-pct… That’s just not possible without increases in money supply, higher inflation, higher commodity prices, higher interest rates, and ultimately an even bigger equity market crash than what I expect will happen sooner than later as it is.
    As you know, we can only resolve a problem if we acknowledge it.


    Gruss

    Hallo Homm13


    Da noch ein Update zu dieser Meldung:


    The reason I forwarded the put options for October as newsworthy a few days back was that for the exchange traded funds that track major indexes (the DOW, the S&P, NASDAQ - symbols DIA, SPY and QQQQ respectively), it looks like the puts outnumber the calls by at least 65% to 35%.


    I've seen this explained that these are simply 'contrarian' investments in the face of a supposed 'market rally' (which is bunk if you use inflation-adjusted figures). That doesn't explain the anomalous puts on British Airways (BAB) before the 7/7 bombings, and it doesn't explain the puts of United and American airlines before 9/11.


    History teaches us that massive puts on stocks have an uncanny way of preceding major events, especially in light of the 9/11 and 7/7 attacks. I'd wager that a good portion of those puts were purchased by those with inside information as opposed to being merely contrarian - there just aren't enough contrarians on Wall Street to skew the numbers the way they are skewed now.


    BACKGROUND: PUT OPTIONS @ 9/11 ATTACKS


    Gruss

    Zitat

    Original von nepton
    HarteWährung: Solange praktisch keiner das jetzige Geldsystem versteht (damit meine ich, dass man weiß, was Geld eigentlich ist) brauchen wir uns vermutlich keine Sorgen machen, dass von Heute auf Morgen nur mehr Edelmetalle einen Stellenwert genießen werden.
    ...
    .


    Tatsächlich hätten wir sonst mehr Sorgen und vermutlich keinen ruhigen Schlaf... :D


    Henry Ford hat nämlich schon dazu gemeint:


    “It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”


    Gruss

    Zitat

    Original von GOLD_Baron
    ...
    Ich unterstütze eher die These des Euro-Dollars, einem Zusammenschluss der beiden Zahlungsräume zu einem um die Megakollaps entweder zu verschleiern oder bewusst auftreten zu lassen, um die neue Währung einzuführen. Irgendwie geht sowas immer, wenn im Hintergrund Hochfinanz, Elite & R.&R. die Fähden ziehen.


    Ich teile diese Ansicht, ganz einfach weil schon Leute, die mehr wissen, das angedeutet haben...


    Greenspan hat in einer Rede unvorsichtigerweise geäussert, dass "wohl bis 2007 eine grundsätzliche Dollar-Korrektur anstehe und dass man dann zweckmässigerweise den Dollar und den Euro zum 'Euro-Dollar' einer neuen Welt-Währung vereinigen könnte".


    Gruss

    Zitat

    Original von Saccard
    ...
    Wetten Bush hatte den Typhus-Tod von Bin Laden als surprise kurz vor der Wahl geplant? Leider haben die unartigen Kinder schon vorher das Geschenk ausgepackt.
    Entweder es wird noch etwas unter den Teppich gekehrt und kurz vor der Wahl kommt dann "Typhus-Tod von BL gesichert" oder Bush muß sich ein neues Geschenk überlegen.


    Gruß
    S.


    Ja, vielleicht kommt es noch zu einem Abkommen mit dem Iran vor den Wahlen.
    Die Lage scheint entschärft, die Oel- und Rohstoffpreise fallen, die Aktienkurse steigen, der Leitzinssatz kann mangels Inflation gesenkt werden.
    Und das Platzen der Immo-Blase kann noch hinausgezögert werden.
    Friede, Freude, Eierkuchen.
    Und nach den Wahlen ist dann wieder Rückkehr zum Business as usual angesagt, da eben der Iran die Atombombe schon hat oder doch keinesfalls darauf verzichtet will...


    Gruss

    Hallo Eldorado


    Und noch ein weiterer Auszug aus dem heutigen Blog Bill Cara’s zu diesem Thema:
    ...
    Über Öl
    ….
    But gold is a storehouse of value, which as Professor Fekete has pointed out in his two-part article “When Atlas Shrugs,” has become the centerpiece of struggles by central bankers around the world to help the U.S. Administration retain its debtor status without destroying the value of the $USD.
    Too low a $USD price will bring an end to U.S. purchases of foreign goods and services. It will also end the direct investment by Americans in these other countries.
    So the plan is to keep the $USD as strong as possible. Part of the plan is to print money in these countries just a little faster than the U.S.
    As long as countries can buy gold at an acceptable price, they will do so in order to have adequate supply to sell at higher prices when it appears that the gold price is likely to overwhelm the $USD. So they need to buy that gold, but their problem is that the demand for physical gold outstrips production, so if the bankers had to buy gold in the spot (cash) market, the price would zoom.
    That leads us of course to the futures market. Companies like Barrick have sold in-situ gold, which are supposedly mineable reserves, in forward contracts. In other words, Barrick is getting paid now for their promise to deliver production later. Of course, the delivery never happens because the contracts are rolled over.
    In a primary Bull market for gold, this selling forward is a loser’s game – unless periodically your client -- the central bankers -- give you a helping hand. Let’s say they help you get out the story that you are de-hedging, which drives the price above $700 where you hedge more by forward selling, then squeeze those buyers by various central banker tactics to where the gold price drops to below $600 where you buy those contracts back.
    One hand helps the other. You know?
    Another tactic, and this really concerns me is that recently the bankers have changed the gold miner valuation paradigm from being cash flow based, like it used to be and should be, to being reserves based.
    And that leads us to the problem. The bankers now can say, “Oh, your reserves are now 2x million ounces – sight unseen of course – so we’ll lend you 2X USD or finance your shares at 2x normal PE.
    But what are reserves anyway? They are estimates defined as (a) proven, (b) probable, (c) possible and (d) postulated. The “postulated” of course is a joke because even category (a), which is the “proven,” is a guess. Instead of “postulated,” I could have used “any or all of the above”.
    But, hey, no problem if you happen to be working on the same team.
    So what’s going on today is that gold miner market capitalizations are being driven not by fundamental value but by postulated value – or should I say contrived value.
    But look who’s doing the contriving. Not just the companies (many are the gnomes I often write about), but the bankers and the governments of all nations. It’s that old triumvirate (gang) again.
    The hypothesis works of course because the bankers need gold contracts to buy so they can at convenient times sell for cash and futures in order to buy $USD and U.S. bonds.
    This game goes for as long as the “increased reserves” story can be sold to the public, and as long as governments and bankers can find willing gnomes prepared to play the hedging game.
    The gold mining industry has pretty much figured this out, so they refuse to go along with the hedging practice. That’s good.


    Empfehlungen:


    Now traders have to get their act together too. If you happen to be one of these, you need to do some things such as:
    (i) buy physical gold rather than bullion-based ETF’s
    (ii) buy spot contracts, not futures (causing backwardation)
    (iii) refuse to buy shares of gold miners that do not state unambiguously their management does not and will not trade in the futures market,
    (iv) refuse to lend your miner shares to your broker or banker, and put them into cash accounts where your broker has no control,
    (v) refuse to buy shares of the miners who constantly upgrade their reserve totals without validation from the world’s best-known independent consultants, and
    (vi) send letters to your elected representatives (in the U.S.) demanding that the federal government (a) eliminate the Fed :D, and (b) produce M3 money data, so that (a) government is responsible for the money supply of the nation, and (b) the voters and taxpayers who have a right to know get to know about such important data
    .


    Gruss

    Zitat

    Original von Edel Man
    ...
    Plump ausgedrückt:
    Ohne Comex hätte das Gold 2001 nicht bei 260$,sondern bei 460$ gestanden.
    ...
    Grüsse


    Edel Man


    Mag ein bisschen seltsam klingen, aber nach der Lektüre des zweiten Teils des Artikels When Atlas Shrugged... ist mir das Wie und Warum der Goldpreismanipulation verständlicher geworden.
    Seltsam deshalb, weil Antal E. Fekete es dem Leser durch seine akademische Ausdrucksweise nicht gerade leicht macht.
    Den ersten Teil Part One: „The lure and lore of risk-free profits“ habe ich bereits andernorts erwähnt.
    Der zweite Teil Part Two: „Gibson’s Paradox and the gold price” kann hier runtergeladen werden (Word Dokument).


    Gruss

    @Eldo, noch ne Fortsetzung...


    Ich möchte noch einen weiteren Auszug von Bill Cara aus seinem heutigen Blog zitieren
    (Mann, der schreibt sich ja die Finger wund... :D )


    In diesem Auszug erwähnt er auch den neuesten Artikel von Antal E. Fekete.
    (“When Atlas Shrugged”). Ich lese seine Artikel (von A.E.F.) immer mit grossem Interesse.
    Es ist mir aber klar, dass seine professorale Ausdrucksweise nicht leicht zu lesen ist.


    Also weitere Auszüge werde ich heute nicht mehr präsentieren. Versprochen! :D


    Last Thursday I wrote a few words to express that I believed that capital markets were being manipulated again. I talked of the T-Bonds vs Gold trade.
    As to gold, I see no fundamental reason for the sell-off. It appears to me that central banks have intervened. Whether it is the Fed or the European central banks selling heavily to conclude their sales this month under the so-called Washington Agreement, with the funds used to buy Treasury bonds, I can’t say.
    But I can’t overlook the timing of the pop in T-Bonds, the move in certain Nasdaq sectors, and the sell-off in gold just after 10:00am today, and earlier at the 7:20am opening of the futures market.
    The only econ data of importance that was published prior to 7:20am ET was the Bank of England decision to pause on rates, which in and of itself was quite insufficient to cause the major swings a couple minutes later in gold and U.S. bonds.
    The U.S. energy data was published later at 10:30am ET, and that market didn’t really soften until just after 12:00pm noon, so the oil market was not a factor today either.
    Again, I suspect that central banks were into the market to try to prop up the USD by buying T-Bonds and selling gold.

    In that article I referred to central bank selling of gold, and I see that today others are writing it up as a possible explanation to the extreme trading in gold.
    This weekend in the Week In Review I talked a bit about the derivatives market gone amuck. Today I was sent an article published by Prof. Antal Fekete entitled, “WHEN ATLAS SHRUGGED, Part One: The lure and lore of risk-free profits”. Download file
    I think Antal Fekete is as close to the truth about what’s happening today as anybody I’ve read.
    The implications, whether Fekete is right or whether the current down spike in gold is caused by central bank selling, are that capital markets are manipulated. Now we know they are, at least to an extent, but if the manipulation is as great as I think, what will eventually happen is what I wrote in this week’s WIR, as follows:
    Seemingly safely hedged positions have to be unwound at certain times, which sends a flood of hot money running in the opposite direction. Back and forth, as the derivative markets escalate. At some point there will be increasing dissatisfaction that turns to disillusionment and finally disengagement by the independent trader as government and central banks step up their market interventionist tactics, trying hard to save the financial system from a systemic collapse.
    The clouds are growing darker, I am afraid, and the problems are not being caused by the independent trader but by a triumvirate of government-gnomes-and-bankers. Independent traders have turned to mathematical trading decision models as a defense, and these are the programmed trading decisions that are swinging sectors like energy and technology from first to last and back again, from week to week.
    I think humans are getting tired of it all, and want the system fixed. It won't be of course as long as the people running the major economic powers and money center banks of the world can 'get theirs'.
    The rest of us will stand in line.
    This morning on CNBC there was a roundtable discussion by the Chairman of JP Morgan Chase and former GE Chairman Jack Welch. These salesmen for America made statements that I found absolutely disgusting -- about how well off Americans are, how great the U.S. economy is, and how wrong it is that the current president is not recognized for his amazing economic performance.
    I thought I’d be ill. They think the public has been so dummied down that we can’t think for ourselves. No, what’s happened is that we’ve been lied to, misled, and kept from ‘getting ours’ for so long, some of us have cottoned on to using the Web to spread the word about these people and their “best practices” to control us.
    There is a reason why terrorism exists today, why Washington politicians are at all-time record lows in the polls, why few of us trust NYC bankers, and on and on.
    It is precisely because We The People won’t drink their lemonade anymore that their capital market system is going to collapse. They won’t let markets alone to the honest use and benefit of the independent owners and managers of capital. They have turned our market into a political sideshow.
    I don’t know when the collapse will happen, but I do know the system is broken.
    Please read “When Atlas Shrugged”. It speaks to our future.


    Gruss

    Kommentar von Bill Cara aus seinem Blog:


    Gold (Dec) is down $26 to $591 today. But traders who figure that gold is the problem had better check the whole market.


    What is happening today around the world is that the equity Bear is in full motion. Nothing has changed from my continual forecast of a much lower U.S. equity market. The equity market is unfolding as I thought it would for the reasons I have consistently expressed here.


    What is different, and perplexes me, is that the $USD has gained much strength, and that commodity prices (oils and metals) are falling so quickly. While I did note about ten days ago that the $CRB had broken down technically, I am surprised at the rapidity of the move, and with it the depth to which precious metals have fallen.


    I suspect that hedge funds and momentum traders are playing this commodity sell-off move with a $USD hedge. Unfortunately, the speculation that took oil to 80 and gold to 730 could drive oil to 55 (-31.3 pct) and gold to 540 (-26 pct). X(


    I don’t know the extent of the decline, but I do know that at the present level, gold is a bargain, and for every $10 lower it goes, it will be a bigger bargain. :]


    If the commodities Bear phase continues at this pace, and works through to the levels noted, then there is no doubt in my mind that the economy is headed for a hard landing, many hedge funds will collapse, and corporate earnings will be quickly turned to losses in some cases, and major disappointments in others. 8o


    In that event, I do see the worst case Dow = 8800 forecast I made early in the year to be the most probable result.


    But, and this is critical, the problems with the U.S. twin deficits continues, and the only way out of this stagflation mess is for the Treasury/Fed to reflate, which is the same solution that central bankers took in the mid-70’s (the last time stagflation existed).


    And we all by now recall what happened to gold at that point. It traded wildly both up and down, but went on to set a record high that was close to $800. In inflation-adjusted terms, a comparable gold price in the next Bull cycle would be much higher than any gold price I have forecasted here.


    Why I am writing this, at this point, is to remind you that the past year corporate financing market has resulted in almost all gold companies, including explorers and even penny stocks, to be debt-free and cash-rich. The properties these companies control and are presently exploring will result in new discoveries and much market promotion in the future. The lower energy costs, if sustainable, will result in lower production costs.


    And when you look at the current cash operating costs of companies like Goldcorp and potentially with Crystallex, and you look at a gold price of $540, you have to smile.


    Then you consider what the profitability will be with the gold price at $700-$850-$1000-$2000, and you can only conclude that the present price pull-back is resulting in the Buy of the Generation.


    Unlike the Internet Bubble of 2000 when debt-laden corporate shells were trading at billion dollar market caps, these precious metal miners are cash and property rich and can immediately sell their production. They can easily withstand ANY price that precious metals are going to reach in the Bear phase of the current cycle.


    Today is a day when you should be making plans to attend gold shows in Toronto and Denver on the 24th-25th of this month. That will present you an opportunity to meet the management of the companies you might wish to be investing in.


    If you can’t attend and see for yourself that lower gold prices do not present a deterent to these companies, then go to their websites and read the literature.


    I’m going to organize a group of readers who wish to collaborate on research of the micro and small cap precious metal exploration and development companies. There is so much data out there that one person operating independently couldn’t possibly do it all. But together, we can do what’s needed. Whoever wishes to join such a group, send me an e-mail marked “Micro-cap precious metals”.


    We can have our first info meeting at the Toronto Gold Show on Sept. 24.


    Gruss

    Auch Bill Cara ist in etwa dieser Ansicht:


    I believe that the USD has serious challenges in the weeks ahead and that the recent pressure downward on precious metals, which was linked to weakness in oil, and confidence in the USD, will now stabilize and possibly rally.


    My mid-term bias for precious metals is still firmly positive.


    As you know, I believe that on weakness traders ought to buy the dips in the precious metals. I believe the riskier but better reward to risk is in the gold-related equities.


    Gruss

    Der Goldjunge2006 ist ja gespannt, ob der Goldpreis heute noch die 600er Marke knackt.
    Und bei 550 will er dann einkaufen.


    Nun ist gerade vor dem Labour Day (Feiertag in den USA) die schwächste Periode des Jahres.
    Nächste Woche wird in den USA wieder die Schule und das normale Geschäftsleben beginnen.
    Diese Woche wird also goldpreismässig eher lau verlaufen, aber ob wir da noch Preise unter 600 sehen werden, oder sogar 550?
    Also ich würde nicht darauf wetten.
    Und es ist ja nicht so, dass die Fundamentaldaten für einen sinkenden Goldpreis sprächen...
    Die Goldnachfrage ist innerhalb des vergangenen Jahres um ca 20% gestiegen...
    Und die politischen Spannungen sind wieder am zunehmen.
    Die Inflation ist noch nicht gestorben und und


    Hier ein kurzer Lagebericht (englisch)


    Gold update (Audio)


    Gruss

    Apropos Hedgefonds und LTCM...
    Sind wir bald wieder soweit?


    3. Hedge fund losers the past two months


    Hedge funds have been in the news a lot since topping the $1 trillion mark in assets. This unregulated industry is a loose cannon. They've become the new dot-coms now that most retail markets are so volatile and flat, forcing portfolio managers and investors to look for alternatives to the $9 trillion mutual fund market. As a result, hedge funds are chasing anything that hints of higher returns.
    For example, the main data tracker, the Hennessey Group, just announced that hedge funds have underperformed the S&P 500 for the second straight month. Other warnings have all been reported in the news lately, screaming risk, risk, risk! Flashing like neon signs on the Vegas Strip:
    · Congress is giving hedge funds more access to pension fund money.
    · In spite of underfunding due to past errors, corporate and state pension funds are now betting more on riskier hedge-fund deals to increase returns.
    · The success of Yale and Harvard has inspired small-college endowment funds to start betting on similar risky hedging games.
    · The lure of huge, fast profits for hedge-fund managers has young inexperienced college grads jumping into the business and getting backers.
    · Retail mutual funds are asking shareholders for permission to engage in more aggressive hedging strategies, like short-selling and derivative trading.
    · Like hedge funds, private-equity funds are now signaling a top; too much new capital is forcing them to chases fewer, riskier deals.
    · After a record year, IPOs, a hedge fund competitor for new capital, are also topping as many deals are falling below issue prices.
    And get this, hedge funds have been making big bets on Hollywood movies, using sophisticated programs to pick winners. This sounds like a sequel to the 1998 LTCM disaster; call it "Déjà vu Dot-coms!"


    Auszug aus dem Artikel:


    Tipping point pops bubble, triggers bear
    Ten warnings the economy, markets have pushed into danger zone


    Die zehn Punkte:


    1. Mortgage lender: 'Never seen a soft landing'
    2. Housing warns of sustained downturn
    3. Hedge fund losers the past two months
    4. Rentals squeezing ARM borrowers
    5. Inflation hits pickup truck sales
    6. Corrosive domestic oil policies
    7. Markets 'unfazed' by terror threats
    8. Main Street investor sentiment dropping
    9. War costs accelerating
    10. Federal deficits grossly understated


    Details siehe im Artikel


    Gruss