PBOC Hikes Reserve Ratio For Third Time In 2011 By 50 bps

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Fri, 03/18/2011 - 07:22 | 1070523 Debtless
Debtless's picture

Those evil, yet somehow more responsible fiscally, chinese.

Fri, 03/18/2011 - 07:23 | 1070526 The Axe
The Axe's picture

The dollar is still weak as a Chinese noodle, up for the risk trade until some time when this is over, Like NEVER..

Fri, 03/18/2011 - 07:26 | 1070529 Pants McPants
Pants McPants's picture

Absorbing excess liquidity?  What in the hell does that mean?  Good thing the US of America doesn't subscribe to such nonsense. 

Fri, 03/18/2011 - 07:26 | 1070531 The Axe
The Axe's picture

Bernanke says "Hell awaits those that want a strong dollar"! Oh wait that was the other asshole...

Fri, 03/18/2011 - 07:31 | 1070540 SDRII
SDRII's picture

Now maybe some coordinated air strikes with the open set to the theme of squawk

Fri, 03/18/2011 - 07:32 | 1070545 LongSoupLine
LongSoupLine's picture

I am now convinced the market can no longer go down, yet neither can gold and silver.


Go long the "recovery"!! (aka-Rus2k)


FU Bernank!

Fri, 03/18/2011 - 08:02 | 1070610 Saxxon
Saxxon's picture

I continue to believe First World (using the phrase somewhat loosely) politicians and central bankers are terrified of what would happen if they let their markets take their natural course.  I believe 2007-2008 scarred their memories and any country that can freely print to levitate their stock markets, now just does so.  The DOW is Joe Sixpack's thermometer for economic optimism.

If the Bots' SELL algos ever kick in, the meltdown will be tremendous; and no 1st World politician can stop what their country's banks want to do.  If they want to short/sell to get their profits, they will in 1/100,000th of a second.

Fri, 03/18/2011 - 07:36 | 1070546 Mal
Mal's picture

a Goldman Sachs report that sees gold at $1,480 in 3 month

Uh oh, that means The Goldman Sack plans on shorting gold into the basement.

Fri, 03/18/2011 - 07:56 | 1070598 Bleeping Fed
Bleeping Fed's picture

The banks put it back in the wallet while the PBoC takes it right back out with POMO liquidity injections.  What a farce.

Sat, 05/21/2011 - 02:44 | 1297758 jimmight
jimmight's picture

The banks put it back in the wallet while the PBoC takes it right back out with POMO liquidity injections.  What a farce.

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