ChineseRestaurantCapitalism

keeping the economy honest

Monthly Archives: October 2011

Get your gun license before the government shutdown

The government could shut down in a week if Congress can’t reach a budget deal. Essential services will continue, but the gun license office may close. We’re in the process of unwinding of more than a decade of false economic gains. No one likes it, but it has to be done to recalibrate the economy. The public sector and bloated government will have to participate in this just like the rest of us. So get your gun license now and also pick up some gold and silver, if you got some extra coins in your pockets. Better yet, get this gold-plated Desert Eagle and some silver bullets, it’s also handy against Werewolves.

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Are you holding US Treasury Bond?

Bill Gross, the Bond King, dumped all of its U.S. government debt holdings from its $238-billion (U.S.) Total Return Fund, the world’s largest bond fund. His reasoning was the fact that the Fed accounts for about 70% of bond-buying activity right now, which means Federal Reserve is effectively printing money through its so-called Quantitative Easing to support U.S. Government borrowing. QE2 is scheduled to end at the end of June and if there’s no additional treasury buyer to pick up the slack, the interest rate has to go up and the bond price will fall.