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downgrades coming shortly
It's about to hit the fan badly... and Russia's aircraft carrier is off Scotland...
The United States has drafted a plan with its Arab allies to establish a no-fly zone over Syria.
Western diplomatic sources said the administration of President Barack Obama has reached agreement with Saudi Arabia and other Arab allies to impose measures meant to topple the regime of Syrian President Bashar Assad.
“The no-fly zone does not have to be enforced throughout Syria, only in areas used by Assad’s military,” a diplomat said.
Under the plan, the United States would supply fuel, weapons and intelligence to maintain the no-fly zone. The sources said Turkish and Arab fighter-jets would challenge the Syrian Air Force as well as monitor Assad’s ground forces.
"Market talk that S&P may downgrade France, however the talk remains unconfirmed"
S&P might do something and that might is unconfirmed, that's some tight journalism.
"ECB's Weidmann said Bundesbank is only willing to provide fresh funds to the IMF if conditions on other countries' involvement are met, adding that losing AAA rating is not the end of the world"
/tries to avoid thinking about it./
Weidmann bites lip: "Its going to be ok when they rip out my spine. Yes, I will make a brave face!"
(talk about trying to damage control and giving your hand away.)
I have a really basic question. Does anyone know how often the ECB gets injection of funds from US/IMF/other sources?
Zh, I think you are missing something important;
India’s currency, the rupee, has hit an all-time low against the US dollar, prompting fears that the country could soon face a financial crisis.
I would expect the no sense market to gain about 600 before friday when they take back about twice that after the downgrades get handed out.
SP500 daily chart resumes choppy downtrend. Opposite for USDX.
My long term indicators have continued to warn of USD strength and EURO weakness and these signals have increased since 2009. The overdue dollar rally should be substantial.
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