The New York Times has an article this week reporting on US President elect Barack Obama's warning that there will be 'trillion dollar deficits for years to come." What does that mean for the markets? The first line of recourse will be the issuance of Treasury bonds; in other words, the US government will look to borrow money, offering to pay it back with interest. The key question, though, is to what extent buyers of Treasuries will be easily found. As we have discussed previously, the very low yield on bonds coupled with the fact that the economic pains are being felt all around the world suggest one of two possibilities: bond rates will have to go up or the Federal Reserve will have to "monetize the debt" meaning it will simply have to print more money. I have stated and continue to believe that the result of increased deficit spending, due largely to government bailouts, in this environment will be debt monetization (even if there is a rate hike, that will only increase the future debt, and thus will only delay and exacerbate debt monetization). I believe this will prove to be inflationary, that it will devalue the US dollar, and that this is the real way the bailouts will be paid for; not via a direct tax, but rather a tax through inflation. Economist Mike Shedlock, however, offers a counter viewpoint: The Fed at some point will resort to out and out monetization, and that will have the inflationists screaming at the top of their lungs. However, banks will still be reluctant to lend, and consumers and businesses will be reluctant to borrow. In addition, I expect the velocity of money printed to be close to zero and for the savings rate to rise. In aggregate, these are not hyperinflationary things. Heck, they are not even inflationary things. Admittedly, I am one of those inflationists who will be screaming at the top of my lungs. There are two reasons I believe debt monetization will be inflationary: I disagree with the notion that banks won't lend and consumers won't borrow. As I recently noted, we are seeing a declining TED spread as well as an increase in many money supply metrics (M1, M2, MZM). This suggests there will be a "run on the currency," similar to what was seen in Argentina. See our previous article on the similiarities between the US economic crisis and the Argentinian crisis of 2001 for more on this subject. How to Trade This Scenario Timing is the key issue for trading this; we are currently seeing a rally in the market, though I expect that at some point in the second half of 2009 we will see the concerns about the Treasury market begin to manifest. As a trend following trader I look for momentum that corresponds to my fundamental viewpoint, with the exception of precious metals, which I treat as buy and hold type investments. With that in mind, here are the conclusions I am making based on the trillion dollar deficit scenario: US dollar will fall in value. DOG and SH are inverse ETFs worth considering in such a scenario. Disclosure: Long gold and silver; currently short US dollar against Australian dollar. Men Nike Free Run 2 Grey White Blue Black ,Men Nike Free Run 2 Grey White Teal Blue Men Nike Free Run 2 Blue White Wolf Grey Men Nike Free Run 2 Blue White Wolf Grey Men Nike Free Run 4.0 V2 Grey Gym Red Men Nike Free Run 2 Blue White Wolf Grey Women Nike Free Run 3 Pure Platinum Reflect Silver Volt Nike Free Run 3 Anthracite Gray Reflect Silver New Green Women Golden Goose All White Cream Nike Roshe Run Hyp Women Grey Pink Quilted Close to 1,500 homeless students reside in the county Fifteen students out of 8,479 students in the West Linn Wilsonville School District were homeless during the 2011 12 school year, according to reports from the Oregon Department of Education. A total of 1,492 homeless students were counted in Clackamas County during the same time period. Twenty six students out of 8,422 students in the school district were homeless during the 2010 11 school year. While the number of homeless students appears to be trending down, Deputy Superintendent Jane Stickney said the fluctuation in numbers could be attributed to just one family. certainly isn appropriate to claim there is a trend, Stickney said, noting that the number of homeless students remains static each year. Stickney said the 15 homeless students fall into various categories. Some reside in shelters, others in motels. Some students are minors who have been abandoned by or ran away from caretakers. of our schools are alert to students who register as homeless or are entering a homeless situation at some point, she said. try to wrap our arms around any child and family who needs help. According to ODE, homelessness is defined as children and youth who a fixed, regular and adequate nighttime residence. A homeless family could live in an emergency shelter or transitional housing unit, share housing with others due to loss of housing or economic hardship, reside in motels or live in tents or trailers for lack of alternative, adequate housing. Unaccompanied minors who have been abandoned by their parents or who have run away from home are also eligible for educational rights and services as homeless students. Department of Education. To protect student confidentiality, individual students are not identified in the data collection. Stickney said the school district priority is to ensure students are able to not only attend, but succeed in school regardless of their living situation. Administrators and school counselors help homeless students gain access to transportation, free meals at school and instructional support. main role is making sure that their education continues during their time of need, she added. is one condition that can affect a child ability to get to school regularly, to be properly nourished, to have support with their homework and access to field trips and extracurricular activities. Statewide, 20,370 students in Oregon K 12 public schools lived in a homeless situation at some point during the 2011 12 school year. This is down slightly from the 20,545 reported in the previous school year. Only 40 of Oregon 197 school districts reported zero homeless students during the 2011 12 school year. Oregon school districts with the largest numbers of homeless students for the 2011 12 school year include: Medford Homeless students represent 9.7 percent of student enrollment. Reynolds Homeless students represent 8.9 percent of student enrollment. Bend LaPine Homeless students represent 4.6 percent of student enrollment. numbers are a sobering reminder of the very real impact our economic situation is having on our students and families. It is also a reminder of how essential our support services are, said state Deputy Superintendent Rob Saxton. The majority of homeless students in 2011 12 resided in shared housing (16,151 students) and in shelters (2,533 students). As in past years, there were more homeless students enrolled in 12th grade than any other grade level. The number of unaccompanied homeless minors who have been abandoned by their parents or who have run away from home also continues to rise. In 2011 12, there were 3,913 identified unaccompanied minors, an increase of more than 400 minors from the previous year. affects all of us, Saxton said. recent recession hit many of our families hard, and far too many of our students don have the security of a permanent home or a reliable next meal. The act requires that every district designate a homeless liaison to identify and provide services to homeless students and to contribute to the annual data collection on preschool through grade 12 public school enrolled homeless children and youth. Men Nike Free Run 2 Grey White Blue Black,Garryowen had the unique distinction of being the only club to have played at the top level of the All Ireland League every year since the competition began. But that remarkable run was ended by a 40 26 defeat on Saturday as St. Mary's swung an enthralling 10 try see saw of an encounter in their favour with 21 unanswered points after the interval. Replacement Jamie Gavin converted captain Neil Cronin's try to give the visitors a try scoring bonus point. However, they were denied a losing bonus point when St. Mary's replacement Gareth Austen crossed in the dying minutes. Three time league winners Garryowen had faced the prospect of relegation all season having lost their first 10 games in Division 1A. The arrival of ex Ireland head coach Eddie O'Sullivan sparked a mini revival with three wins, but recent defeats to Clontarf and Dolphin doomed them to Division 1B rugby for next season. St. Mary's, on the other hand, had all but secured their Division 1A status following a bonus point victory at Lansdowne last Saturday. Tries from Leinster pair Darren Hudson (2) and Darragh Fanning helped secure a 24 15 success for the Dubliners in the previous meeting with Garryowen at Dooradoyle back in January. This time around, the Limerick club needed a sizeable bonus point win and for UCD to keep Ballynahinch pointless to have any chance of reaching the relegation play off. And the size of their task became even more daunting when number 8 Sheahan barged over on eight minutes with Leinster 'A' out half Marsh adding the extras to put the hosts 7 0 up. To their credit the Light Blues came storming back and tied the game in the 13th minute when prop Cooney stretched over the line and O'Byrne successfully landed his conversion. Full back Eamonn Connolly attempted a drop goal and flanker Anthony Kavanagh was held up as the Munster outfit continued to press for more scores. And on 24 minutes Rowley grounded the ball off a forwards' drive to give rock bottom Garryowen a five point lead. Despite playing with the sun in their faces, St. Mary's hit back straight away when winger O'Driscoll crossed in the corner to level the match on the half hour. But just four minutes later, centre McMahon slithered his way through the St. Mary's defence to cross the whitewash. O'Byrne converted to give the division's bottom side a seven point advantage at the interval. However, within five minutes of the restart, home hooker Fawsitt finished off an overlap and out half Marsh landed a difficult kick to draw the teams level once again. The hosts then regained the lead in the 54th minute when O'Driscoll touched down for his second try. Marsh converted to put the St. Mary's 26 19 in front. They stretched the margin to 14 points on 66 minutes when centre O'Loughlin went over and Marsh brilliantly converted from the touchline. Garryowen though refused to throw in the towel and with 10 minutes left scrum half Cronin broke free to score with replacement Gavin reducing the arrears to a converted try. The gutsy Limerick outfit poured forward in search of a fifth try, but St. Mary's broke and were almost in when replacement Robbie Glynn over kicked his punt out of play.
Brand New Authentic Men Nike Free Run 2 Grey White Blue Black,Women Nike Free Run 3 Total Orange Silver Platinum Volt There is something awe inspiring about them and the celebrities who don them on a regular basis. The name itself is derived from the presidential airplane which shares the same name, minus the Nike of course. There are countless numbers of celebrities that swear by these shoes and an even greater number of collectors. The defining characters of these shoes include a Velcro strap that can hang low or be tied up tight, a removable medallion attached to the laces with the numbers 82 inscribed to signify the first year in which they were produced. On top of these features, the vast array of colors, designs, sizes and shapes that the shoes come in has made them world famous and a hot commodity for all sneaker collectors. Celebrities from Jay Z to pretty much every popular basketball player swear by these sneakers for everyday wear and special occasions. While the sneakers did gain original popular through rap moguls and idols, they have become much more mainstream throughout the world in recent years and can be seen pretty much anywhere you go. If you want to get your hands on the original sneakers, you cannot purchase them through online retailers or in knock off stores. Of course, as with any other product you can get street made versions but they will not be the real deal. Nike itself has strictly regulated the manufacturing of the shoes and they have even produced a large number of collector items that were only released for a very short time. These are the shoes that major sneaker collectors will have in their home strictly to look at and not for personal wear. If you are playing basketball, you may wish to pick up a pair of Nike Air Force One or Nike Dunks. If you are into running, a pair of Nike athletics shoes may be just what you are looking for. Having the right pair of shoes is important because as mentioned earlier, different sports involve different movements. The shoes are specially built to cater to these movements. You don't want to be wearing a pair of indoor court shoes to run a marathon. That will do more harm than good. Men Nike Free Run 2 Grey White Blue Black Summer is always an amazing time for kiddos. Three full months full of endless possibilities, boundless energy, and rays of sunshine beckoning marathon play dates. As the temperatures rise, so does the emphasis on comfy and breezy pieces that are easy care and versatile. Here's a rundown of some of the hottest trends hitting children's fashion this summer. Bold Shoes:Whether they are lime green checkerboard sneakers or cherry red loafers, bold colors and bold patterns are in. They make the ultimate fashion accessory for little ones and can instantly perk up and otherwise boring outfit. A great example is leopard slip on sneakers with a red knit dress for baby girls or bright green loafers with khakis shorts and a retro plaid button up for baby boys. Sporty Style:With summer camp in full swing, kids are dressed to impress in sporty styles that emphasize athletic cuts and innovative fabrics. Racer back necklines on dresses for girls and stretch fabrics with UV protection are top picks. Boys enjoy graphic printed board shorts made from quick dry fabrics, screen printed tanks, and lightweight cargo pants. Denim Disasters:Surely a relief to moms everywhere, distressed denim is back in style. The more stains and frays the better. Top designers are introducing lightweight versions of top styles and ensuring they have plenty of air conditioning with busted out knees and holes near pockets. A touch of acid wash and cleverly placed patches are welcome additions as well. Gold Glitz:As kids spend their days frolicking in the sun their bronzed skin becomes a badge of summertime success. Gold accessories are the perfect way to pay tribute to the joys of sun worship. A couple of standout pieces are toddler t shirts with gold embellishments, linen dresses with a golden shimmer, and oversized gold buttons on sports blazers for boys. Minimalist Nautical:While nautical themes are always great for children's fashions, this summer's trends show a slight twist on tradition. Instead of obvious references to the sea such as pairing anchors, rope, and boats the choices are more subtle. For example, breezy dresses with assortments of red, blue and white flowers are a popular choice. For boys, the emphasis is on just one focal nautical piece, such as a batik anchor on a sandblasted tee. As you welcome summer fun this year, be sure to add a couple of these must have staples to your baby clothesshopping list. These children's fashion trends are sure to land your little ones on the best dressed list for summer fun.
Cheap But Real Men Nike Free Run 2 Grey White Blue Black For Sale
Men Nike Free Run 4.0 V2 Anthracite Teal Quilted
Women Nike Free Run 3 Light Bone Vivid Orange
Women Nike Free Run 3 Gym Red White Reflect Silver Volt
Women Nike Free Run 3 Light Bone Vivid Orange
Men Nike Free Run 2 Black White Purple Anthracite
Nike Roshe Run Hyp Women Black Pink
Nike Roshe Run Hyp Women Black Pink
Men Nike Free Run 3.0 V4 Tiffany Blue Quilted
Women Nike Free Run 3 Gym Red White Reflect Silver Volt
Men Nike Free Run 2 Black White Blue Yellow