Wednesday, October 08, 2008

Karl Denninger video 7 Oct

Karl Denninger says yesterday 10.7. 2008 that there was a sell off of both stocks AND bonds. Not good. He's telling people to prepare for stock/bond/credit collapse and have enough cash and food for at least 6 months - hat tip Virgo


4 comments:

Louisa said...

Did I miss something about a bond selloff yeserday (10/7). Mr. Denniger says bonds sold (he meant U.S. right?) and from what I saw, bonds did not sell off, they were stronger (and yields lower) going back a month now and including yesterday. I don't understand what Denninger is saying. Can someone help me understand? Thanks.

David said...

October 7, 2008

http://www.economicnews.ca/cepnews/wire/article/132867

http://

www.economicnews.ca

/cepnews

/wire

/article

/132867

45north said...

I my fantasy world I would replace Paulson with Denninger! Denninger is that German?

David said...

Technically, both Paulson and Denninger are Germanic/Teutonic names. They have origins in any of the following nation-states: Denmark, Sweden, Norway, Germany, Austria, Switzerland, Luxembourg, Netherlands. Iceland, Belgium, USA, South Africa, Australia, New Zealand, and England have names originating from any of the preceding nation-states.