Oh Schatz

 
Short term bonds in Germany are called Schatz..in Hong Kong they are called Dim Sum...both yield next to nothing..like ours..why does everyone want to own them at such a severe cost? Is it the attempted envenomation by the current unleadership towards all it's peasants?

So many extremes...

-The stock market has not traded below forward estimated earnings of the current numbers for longer than one month since the late 1980's...says a prominent broker dealer.
- Gold imports are exploding higher across the world as governments begin massive buy ins of physical gold.
- Oil has it's longest weekly losing streak in 13 years. Yet China imported a record amount last month.
- Bears have out numbered bulls now at a seven month high... sentiment...is too bearish..
- Stock yields exceed government bond yields.
- Fortune reports, Earnings as a percentage of GDP are the highest since 1929, and wages the lowest since 1937.
- Almost everyone we read and talk to are bearish on stocks....and bullish on bonds...stating that the current western financial system is completely unsustainable.
- Many important companies in our opinion are now selling/ trading below replacement cost......and are retesting 2007-2008 lows.

We remain...when the (new) adults return to a leadership position the markets will begin to see a bid and stabilize.....in anticipation of an understanding and appreciation a stabilization of what more than likely lies ahead...pretty simple actually.

Danny Boy seen here on a clear day....he like others don't like the lightning and passing storms.