Haha, could be. I don't personally believe in politics. My belief is that the US government is at hostage by the military industrial complex, and the massive multinational banks and corporations. Those entities dictate US policy. So any rhetoric by a talking head in public office to me is just lip-service. I look at the interests behind the scene to understand where policy direction is going. A lot of these policies are populist issues that will have as much authority as a jackal to a lion. They appease the populace, but don't really change the underlying issues that have been ongoing for the US for the last 50 years. If government has to appease the populace they will just print money. Then after a time the populace will be angry about inflation, and they will contract the money supply. The populace forgets very quickly, so it's easy to manipulate public policy, especially with a monopolistic two party system, that basically has the same motives.
I agree with you about puppeteers(sp) using government to hoodwink the (largely) stupid populace. Even to the point where I am starting to wonder if this whole Swine-flu nonsese (and other attention grabbers) was a slight of hand to distract from what they're really doing (at Chrysler, for example, to the taxpayer and the bond-holders).
You may want to rethink some of your belief http://www.businessinsider.com/new-allegations-of-white-house-threats-over-chysler-2009-5 The sources, who represent creditors to Chrysler, say they were taken aback by the hardball tactics that the Obama administration employed to cajole them into acquiescing to plans to restructure Chrysler. One person described the administration as the most shocking "end justifies the means" group they have ever encountered. Another characterized Obama was "the most dangerous smooth talker on the planet- and I knew Kissinger." Both were voters for Obama in the last election. One participant in negotiations said that the administration's tactic was to present what one described as a "madman theory of the presidency" in which the President is someone to be feared because he was willing to do anything to get his way. The person said this threat was taken very seriously by his firm. Sounds more like a Roman Emperor, then a lapdog to the MI.
I covered the rest of my dollar short today. As far as I'm concerned, the trade is over. There is going to be a bounce in the dollar for the next few days. Then I may re-initiate my dollar short.
http://www.cmegroup.com/education/market-commentary/FX-Commentary/Currency-Currents.html Wow, surprisingly, this is pretty darn good free analysis. S&P 500 950 level looks to be the proverbial line-in-the-sand. If we can't break that upside, this market is going much lower. The US dollar chart is acting like a drunk sailor....just aimless. A downside move appears imminent however. That should end this temporary period of 4.5 to 5.0% mortgages. In that case, this economy just flatlines near the bottom....for maybe 2 or 3 years.
Martinghoul, what are you planning with your trade, we're up >400 pips, are you locking anything in or just letting it run?