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Originally posted by haarvik
Anyone else notice that the only index that is up is the HANG SENG?
Kinda strange that China's index is up while every other index in the world is down.
Originally posted by MischeviousElf
reply to post by mossme89
WATCH - CURRENCIES
WATCH - HEDGES and what they are doing with currency
Originally posted by Dbriefed
I just had an epiphany.
Government needs money.
It makes sense to intentionally create market volatility and chase investors to Treasuries.
Seems a conflict of interest.
Originally posted by Shenon
The ECB (probably the FED too) are buying like crazy now,thats why.
ECB Intervenes In Last Minutes Of Euro Market Trading As Italy Closes Red Once Again
The Question now is,where are they getting the Money from? If France is downgraded and Germany has to pay (I hope not even Merkel is THAT stupid...i hope),then we are bankrupt in a few Months and the EU is finished. If we don´t pay,the EU is just finished sooner,or they start to Print,which could lead to Inflation and later to Hyperinflation when they have to buy more and more because one Nation after another goes bankrupt...
Something like that anyway. We´re screwed either way...
Yesterday Goldman finally made it clear that Bill Dudley's marching orders are given: QE3 or no soup for you. Well, it didn't take long for the order from top to hit Goldman's FX desk, which has just issued this logical note: "Going short the USD on additional Fed easing." Odd, no easing has yet been announced, and according to so many none will come. But Goldman said so. So it must be.
France’s top credit grade was affirmed by Standard & Poor’s, Moody’s Investors Service and Fitch Ratings as yields on the nation’s debt climbed on concern that Europe’s sovereign debt crisis is intensifying, reports Bloomberg.
France earlier in the day “categorically” denied rumours it was heading for a downgrade of its AAA credit rating after the United States was stripped of its top rating by Standard & Poor’s last week.