Gloom, Doom, and Boom

Marc Faber and Nouriel Roubini on CNBC today. Must see videos.



Nassim Taleb, principal of Universa Investments and author of 'The Black Swan,' discusses, the markets, the economy and whether Fed Chairman Ben Bernanke should be reappointed.

Taleb says,

We still have a very high level of debt, we still have leadership that's literally incompetent.

George Soros Warns of Higher Inflation

According to billionaire investor George Soros we are heading for higher inflation and interest rates that could potentially stop an economic recovery further down the road.

He says,

As markets revive, fear of inflation will drive up interest rates, which will choke off recovery.

Read the whole story here.

Market Manipulation?

Watch Video below. At 2:20 a floor trader talks about market manipulation by the government. Interesting...



Beware of investing in U.S. government bonds.

Bearish News For U.S. Government Bonds

Dresdner Kleinwort Securities has withdrawn from being a primary U.S. government securities dealer. Primary dealers deal directly with the Federal Reserve in buying U.S. government debt. They then can sell the securities to clients or hold it themselves.

They are REQUIRED to bid on U.S. government debt during treasury auctions. This seems to me to be a bearish sign for U.S. treasuries. However Jefferies & Co joined as a primary dealer last week. This somewhat mitigates the bearish news today.

I'll kept an eye on the situation to see if more primary dealers leave.
I found this information at MarketWatch. More to come on U.S. treasuries....