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running higher in july, half a percentage point higher than in june which makes us worry about inflation. understand that in june, prices fell from may and so in june, we were worried about deflation, right? so that s the point, is right now, we are worried about anything and everything. u.s. debt and decifit, a rerun of the great recession, european default risk, a china slowdown, these are really long term problems. they don t have to create this panic rippling through the markets today, but they have, and as a bond broker told me moments ago, can we all just please calm down? and remember, rick, that the old saying, markets climb walls of worry, and someone is making money today. gold is up $32 an ounce, last time i checked, 1826, the vix, the shall peer index that goes up when volatility breaks out, it s up 30 percent today to $40 a share, and the 10-year treasury notes are down below 2 percent, and that means that the yields go even lower to 1.6%, sometime in the next ye
problems. they don t have to create this panic rippling through the markets today, but they have, and as a bond broker told me moments ago, can we all just please calm down? and remember, rick, that the old saying, markets climb walls of worry, and someone is making money today. gold is up $32 an ounce, last time i checked, 1826, the vix, the shall peer index that goes up when volatility breaks out, it s up 30 percent today to $40 a share, and the 10-year treasury notes are down below 2 percent, and that means that the yields go even lower to 1.6%, sometime in the next year, one guy told me it means you ve got a 4 percent gain on this thing while it s paying interest until year-end so even thoughs fear runs rampant on the market, down 444, some people are making money on that very thing. rick: always. always. last week we saw a big drop that was followed by big gains. could this be a repeat of the up and down stuff? the great thing about last week is we did not see big inst
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