Jim’s Quote of the Day:

“The hope of every central bank is that the real problem can be kept from public view. The truth is that the public — even professionals on Wall Street — have no clue what the real problem is. They know it has something to do with derivatives, but none of them realize that it’s more than a $20 trillion mountain of unfunded, unregulated paper that has just been discovered to not have a market and, therefore, no real value . . . When the dollar realizes the seriousness of the situation — be that now or sometime soon — the bottom will drop out.” – Jim Sinclair