Buy a Horse, while there is still time!

The "tipping point" may be at hand. Mr Bill Gross, sometimes called “the bond king,” founder and manager of PIMCO’s $237 billion Total Return Fund, dumped all of the fund's holding of US Treasury bonds by the end of February.
Read TIME Magazine story here.

Spin mongers are trying to save the economy by convincing people that The Obama hasn't killed the economy entirely. TIME story here.

Not long ago there were TV ads from an investment company called E F Hutton. The ads said, “When EF Hutton talks, people listen.” Maybe that was true, and maybe not, but investors do listen to what others are doing, and when the biggest and most profitable Bond Fund decides to get out of US Treasury bonds, people will listen.

For the moment, the Federal Reserve Bank is printing dollars to prop up the US Economy. The Obama borrowed more money, sold more bonds, in February than the Bush Administration did in an entire year. The Obama continues to spend like a drunken sailor on shore leave, like tomorrow will never happen.

The founder of Home Depot was interviewed on TV yesterday. He advocated buying horses immediately while you still can. When, not if, the economy crashes you won't be able to buy gas for your car, so owners of horses will still be able to get around.

Regular readers of The World According to Bob will recall that Bob has waned of this happening for several months. Bob has previously recommended stockpiling food and ammunition, and whiskey for trade goods.

The “tipping point” forecast by such notables as Fed Chairman Bernanke may be at hand. Hang on to your hats, its going to be a ride.