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Short France and Germany
CAC till 3966
So, are we to guess from this China rate hike the U.S. markets will be red approximately one hour and then magically turn green around 10:30New York time??? Sell-side hypnosis is getting so damned boring. I hope the Primary dealers have enough tissue to clean their inner thigh when they're finished.
Buy the smoking crater
10:30? you are a pessimist! why do you hate america so much?
praise be the bernank! may his helicopters shower cocaine and hookers forever!
Helos might need lots of new drop tanks to reach their new targets in East Asia and Southern Europe.
This should help push gold and silver to new highs:
"House of Representatives Speaker John Boehner on Monday told fellow Republicans to prepare for a government shutdown, undercutting optimism that progress is being made on a deal that would keep the government running.
Boehner and other congressional leaders are due to meet with President Barack Obama on Tuesday to try to make headway on the plan, which would slice roughly $33 billion from this year's budget and ensure that the government will keep running beyond midnight on Friday, when current funding expires.
Boehner instructed his fellow Republicans in an evening meeting to draw up plans on how the House would operate if the government were to shut down, although he said he would continue to negotiate, an aide said."
Someone gets it! It is fucking reckless to have rates at 0 forever. Shit, if you are not going to use them why have them at all? Aside from QE1,2,3 or whatever, the Fed is reckless as a drunk driver trying to text at night.
Good job China! hell yes. LET'S TRY TO LIVE ANOTHER DAY beacause the way the US is going now we are not going to be around very long.
Somewhere along chinese tightening cycle we can expect shy FED tightening. At very end - trade wars and demonizing of chinese in general.
Seems that may coincide with USA elections end of 2012.
Before all that some black swans from EU.
What do the Chinese have to do before we get the message? This is like the proverbial frog in a pot of warming water on the stove. By the time it starts to get really hot, he's too sapped of energy to do anything about his predicament, and so he boils to death.
reminds me of Meatballs the movie. I havent seen it in years but the one part with Spaz helping his dad back up the car...."keep coming Dad....keep coming....youre ok......BOOM!....stop dad!"
Yes! Meatballs! Great analogy! That brings back old memories.
Looks like Turbo Timmy isn't letting off the gas:
The scary part is that the inflation we are seeing now is likely due to QE1 rather than QE2. There is about an 18 month delay in the inflationary effects of rapid monetary expansion. We shouldn't see the real whopper of price increases hit until early 2012. The fat lady is just warming up. It should be quite an election season in the midst of hyperinflation. Can't wait for all the political spin trying to explain unheard of price increases. A bigger war is coming.
At least China is showing some means of reducing inflation. We should take a page out of their book and start hiking more and more. The war is coming, it's true.
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