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Is Goldman Sachs Evil or Good?

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November 2009
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Inc bonds and preferred stock collapse

This is why you are hearing a lot of folks claiming that the US currency is now the old new carry trade. Everyone is borrowing dollars and investing in foreign markets. The way I see it, the government is stuck, frozen, castrated, and impotent to move rates any time soon. Doing so would certainly create another financial collapse. This means that as rates remain low for DECADES to come, inflation will no doubt be the cancer that kills the US middle class. At least this makes buying investments such as Gold a no brainer. […]