Wonderin, from anonymous

January 15, 2013 |

 If the actions speak louder than words and all the rest is talk, Japan has made clear they are buying up to $500 billion in US bonds and notes in short order to add to the $1t they already have. That's good enough for me to believe US debt cap record of 16 for 16 will stay unblemished. At least someone still loves our flawed hero, aka the dollar.

It could all be set to refrain of What's the Use of Wonderin' from Carousel

What's the use of wond'ring

If he's good or if he's bad

Or if you like the way he wears his cap

Oh, what's the use of wond'ring

Is he's good or if he's bad

He's your dollar and you love him

That's all there is to that

Common sense may tell you

That the ending will be sad,

And now's the time to break and run away.

But what's the use of wond'ring

If the ending will be sad?

He's your dollar and you love him,

There's nothing more to say.

Victor Niederhoffer adds:

If all free market people would get off the hobby horse of saying we're going to have hyperinflation and that we have to do someting different and this is the key to their program, and their worries, and concentrate on incentives, and cronyism, and entitlements, and class warfare, and on the growing class of non-productive slaves to the higher powers, the non-American way and how great it would be if people were left free to choose and rise, and the hatred arising from the drones, the world would be a much better place, and their efforts would not be so fruitless and dysfunctional.





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