Major happenings this week. Where is the economy headed?

[goin on 4T]

Nope...not for piss poor rates at struggling banks.



Nope, not at over leveraged funds who cannot borrow cash if they get stuck



Nope...unless I can find short term repos...then...hmmmm




And gold and Canadian gold mining stocks too.




My favorite article from one ugly mother.....

The geopolitical fallout from the weak dollar is all around us: Terrorist Iran gets massive windfalls for its oil; ditto Venezuela under its wounded but still reigning lunatic, Hugo Chávez; Russia becomes more truculently anti-American with each uptick in the price of oil; so-called sovereign funds buy up U.S. corporate assets at fire-sale prices; China, which outsourced its monetary policy to the Fed in the mid-1990s when it tied the yuan to the greenback, now faces increasingly destabilizing inflation; and oil-lacking developing countries, many of them fledgling democracies, are being hit with potentially destabilizing economic squeezes.
The prices of oil and other commodities are surging primarily because of the weak dollar. Between mid-2003 and the beginning of 2008 oil has zoomed from $25 a barrel to almost $100. Real demand in oil didn't suddenly massively increase to justify a nearly fourfold rise in price. The best indicator of inflation is gold. In this same time period the yellow metal has zoomed from around $350 an ounce to more than $800 an ounce. More than $50 of the per-barrel price of oil today comes from inflation and the speculation that inflation induces.



r

[/QUOTE]

Nice job. Every time I get ready to post you already have writen exactly what i was going to say... similarly but different!

 

[75th]

They have not been a step behind, they created this mess starting with John Snow. They fugged liquidity on purpose and you have to ask why was this intentionally done.

+ a gazillion

 

[Cardinal Slin]

The dollar was very weak for a while and a lot of speculation flying around that a number of currencies would depeg, some even did.
That whole situation lasted for about 3-4 months and not the dollar has again strengthened and the price of oil dropped simultaneously.

There is a very good reason why a number of these countries could not depeg against the US dollar and that is because they have too much wealth/assets in the US.

 

[Big Rick Rock]

"Great pizza for five bucks"

 

[fistfullofsteel]

Summit, NJ, a town owned by Wall Street folk is about to sink and there isn't a life preserver big enough to save it.

 

[walliwalibus]

The price of oil and the dollar making a comeback is temporary, and the dollar is still way below what it was a few years back. Check some forex charts and you'll see what I mean.

 

[Big Rick Rock]

Wow... What a day today...

Is this the drowning man's last strokes?

Please discuss...