This insightful piece from Tech Talk on yahoo, by the same Harvard professor who also had some very cogent insights about the end of the US empire and the inevitable collision course with China…. Wake Up Washington! China Is Already Dumping... (Continue reading)
A few metals on watch: AA: 15.15 print, GDX, $49.20, SLW $14.15 print (new 52 week high), FCX $74.55 (new 52 week high), CENX $10.63…don’t forget about X, STLD, ZEUS and the steel stocks either and it goes on…as the US... (Continue reading)
yikes! Market is looking towards the Fed’s auctions next week and anticipating trouble… Chit hitting the fan… Listening to Bloomberg radio since 6am, many guests saying that they are anticipating weak bid-to-cover ratio next week…could be more trouble brewing than we saw yesterday From... (Continue reading)
" "It is idle talk. Pure idle talk." ..."It is not going to succeed," Guilherme da Nobrega, chief economist at Itau Securities, the Sao Paulo-based brokerage ...said, "If you let people choose in which currency they want to trade,... (Continue reading)
I’ve been thinking alot about Obama’s surpe comments last week at Duke University, where he acknowledged that the US is too dependent on China. “Obama Says ‘We Can’t Keep on Just Borrowing From China’ “ http://www.bloomberg.com/apps/.....p;refer=us Did anyone else wonder about those comments? Here’s... (Continue reading)
and three US treasury auctions this week… Does anyone wonder what is going on behind the scenes? Brazil’s president Lula da Silva goes to China this week (Brazil’s new primary trading partner instead of the US). Geithner and new ambassador Huntsman... (Continue reading)