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I have posted the Sunday letter up on the site a day early, and I hope all of you click on it and read it. In it I take a look at where all this is heading. We know the world is awash in debt, so much debt that "debt that can't be paid back, won't be". So if we have all this debt, and we know that the Swiss, the ECB, the Japanese and yes our own Fed's are buying stocks, to keep the illusion of strength, how does this end?
In this letter I give 3 separate ideas concerning how I see the future unfolding. Let me tell you, none of the choices are desirable, I just don't know of any others that truly make sense. So as you contemplate the future, take a look at today's letter and ponder on it.
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