US media through their national TV is hyping up demands for Europe rate cut. Much like when Bush wants German, French to join the Iraq invasion. Which luckily the Europeans rejected, otherwise, all would be in deep shit.
And lately the Americans is openly pointing finger at the NATO failure in Afghanistan.
When US is having problem, it tries to shift its blame to others. E.g. the China Yuan revaluation, and now asking Europe to cut rate.
Asking Europe to cut rate is like asking my galfren Hedi Kluum to strip to her lingerie in public. She only stripes for me, ok, Uncle Sam.
Yesterday, US rebound, let us see if Europe rebounds.
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Roubini
Roubini is on the national TV again. He has been talking about Recession 8 months ago. And he has been right.
He said "the train has already left the station, we are in a recession".
140billion 1% of GDP is minuscle. Previously it was 6%, now US has no monies, has squandered all his budget surplus.
Not a global recession, but a severe slowdown in global economy.
George Zoro (a.k.a. George, the guy who bankrupt Bank Of England)
Zoro who forecasted a recession in 2007, in 1Qtr 2006. says that this is the end of an era of credit expansion.
USD as a world reserve currency has ended.
Georgina says RECESSION is almost inevitable.
Countervailing forces e.g. China, India would prevent a global recession.
Festering problem in Financial market need to be flushed fast. Ought to have a regulatory change. FED cannot cut too fast, b'cos of inflation. Short rates fall, long rate rise, and that end the FED ability to influence the economy.
He says ALAN GREENSPAN mishandled the situation (when asked if Bernanke has mishandled)
However, Bernanke is working on wrong paradigm.
People who pick the bottom would come out ahead. those wrong would suffer the consequences.
(hence join me, DollarPro in picking the Bottom)
Zoro knows exactly where the Dollar is going, but he is not able to disclose.
However his galfren on my payroll, which I am ready to disclose.
I would rather ask him : "Can we bankrupt the Bank Of England one more time ? let say on the 7 Feb ?"
I would rather ask him : "Can we bankrupt the Bank Of England one more time ? let say on the 7 Feb ?"
Those interested to join in the effort, pls email me, Sir DollarPro, Duke of Lochness.
Equities Bull role of honors
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Cozad Asset Management
SEB (a Swedish Bank)
Tribute to Heath Ledger
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Almost 2 year ago, when I first started posting, I use a shot from "Brokeback Moutain" as my Avatar, in which you see Heath Ledger.
Reason why I do that is because, USD is like the boys in Brokeback Moutain, seemingly strong but soft inside. That time Euro was trying to break 1.2400 after rising from 1.1600.
USD is a Hero back home, but a softie in international market.
Give me a blow, man, if not click on the Google link to pay tribute to Heath Ledger.
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