. January 4, 2009 SouthAmerica: 2010 is the year when the trade war with China will escalate one notch at the time, and the Chinese will try to dump their massive oversupply of goods on the US market pushing prices down and creating a mess for US domestic producers of various commodities. The real estate market still will be in decline in 2010 as more homes in the US are foreclosed and increasing the supply of homes available for sell even further in the US market. The unemployment rate it will go higher in the US in 2010 from the current 10 percent to at least 11 or 12 percent or even higher. The trend in bank bankruptcies will continue in 2010 with more banks going out of business. You can bet that sometime in the next 5 years time frame gold should reach the $ 2,000 per oz price. You can bet that sometime in the next 5 years time frame the US dollar will trade at US$ 2 = Euro 1. In the next 2 years the main stock market averages in the US (Dow Jones, S&P 500 and Nasdaq) should test the lows reached in March of 2009. We will have more turmoil in the international financial markets as more surprises of the UAE and Greek type appears on the radar of global financial markets. .
Nassdack: January 4, 2009.....(fear, pessimism, bearishness)....in the global financial markets. ***** January 4, 2009 SouthAmerica: When they start reversing the massive US government interference in US financial markets it will not be a pretty sight. These days even Bill Gross the ultimate insider is moving Pimco into a higher cash position. .
. Pimco Cuts U.S., U.K. Bonds as Borrowing Increases Business Week January 4, 2010 http://www.businessweek.com/news/20...-k-bonds-as-borrowing-increases-update4-.html â¦Bill Gross, who manages the record $199.5 billion Pimco Total Return Fund, cut government debt holdings and boosted cash to the most since Lehman Brothers Holdings Inc. collapsed in 2008, the company reported on its Web site on Dec. 18. .