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RANsquawk US Afternoon Briefing - Stocks, Bonds, FX etc. – 10/08/11
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As Europe is on fire, things in Fuki-Japan have turned for the worse...
http://www.shtfplan.com/headline-news/food-riot-fears-strike-japan_08092011
No comment heard on FX; CHF/USD is down a couple of hundred pips from where it was yesterday when I reccomended it as a short on this blog. The rationale for that was the absurd spike the chart had just thrown up, (people being silly), and the fact that powerful entities don't like this ratio; and they have ways to deal with it aside from the abvious and naive official bank intervention.
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