Update: Well here we go again we are well past the 3% mark, the TEDs currently at 3.13%, well I see it zooming past further too.
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Well just yesterday I mentioned that we could see the TED spread shoot past its peak of 1987.
http://ecobizindia.blogspot.com/2008/09/ted-spreaad-again.html
So here we are today the Ted spreads at a hefty 2.99%, the highest figure since we have data.
The Great Depression II is truly here; trust is at all time lows, the market will punish even fair performers for all the trust is lost. Additionally there’s no easy way out of this, de-leveraging is going to be a long and painful process. We are sure to see the pain well into 2010 may be even more.
For all those looking for an investment opportunity, hit the Gold. It’s your best bet against a falling US currency and depletion of purchasing power. In fact it’s the only hedge. By the way gold’s rallied a 11% in the last trading session, I see more of it, much more.
The way I see it, Gold will shoot past the $1000 barrier soon enough and the next target thereon is $1200, which I see it shoot past in the next 3-4 weeks.
-Puneet Gulwani
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