Chris Laird's newsletter

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Newsletter - Edition 247 - 26 December 2010

By Christopher Laird

China Raises
Time wise on market crash
Savings, investments or what?
Markets for the next two months
Japan and the US Central banks – world CB


Comments:

There may be higher interest rates ahead everywhere.  I agree.  Bonds can't rally much further without going into negative interest rates.  Won't happen.

As for a market crash, I don't know what's holding it up.  You could say QE but several months went by without a major selloff and no QE.

He talks about some people he knows who may ride the market down.  They are depending on investment advisers.  In my opinion, any advice you get depends is subject to the knowledge and ability of the advisor. You may want to double check track records.

He's pretty concerned about a market crash.  He appears to be in the deflation camp.  I'm not.

The reason I am not is, if that happened, the government can't pay its bills and will default.  They would rather inflate than to see that happen.  Just my opinion.   I think a 70's stagflation scenario is more likely.  How long that will go on will depend upon developments.  If a real live wealth creation event occurs, this will save everybody's bacon.  There are many possibilities, but there is also the possibility that nothing may come of anything.  If that happens, I may need to reevaluate.