http://news.hereisthecity.com/news/business_news/11829.cntns.. i thought gold sax was the fed s broker with the paulson connection ,but maybe not
Business as usual tomorrow? I thought the markets would be closed tomorrow, but apparently they are open. Low volume?
USD strength doesn´t make sense today, or shall I day Euro weakness ? Usually, that´s a precursor for some trouble to come...;=)
80 has been pivotal area in USD index over many years. It's an obvious target for now. What happens once 80's been hit is the biggie. I sense there will be some sort of major news when it gets there to either send it into a resumption of a down trend or stall it, yet again. Reaction at that level may be quite choppy.
I will make this last post as Magna asked to keep it mostly to trading. China will continue lending as we are living and participating in a GLOBAL economy, where USA IS the main player, so far it is still the biggest economy on this planet. China will not benefit by dropping interest in US's recovery, it will be counter productive to them. Their economy when looked at GDP per capita has miles to advance yet as it still well behind the West & is ranked after South Africa according to IMF 2008 data. It all boils down to personal beliefs. We read, we digest, we make an educated decision. Mine happens to be shares with suggestions that we are in an inflation driven global mega trend and not standing on the edge of deflation hole.