am watching a movie, "Locusts day of destruction". in the movie, genetically enhanced locusts in the lab escape into the wild and starts breeding, and then form huge infestation in Virginia and California Nappa Valley. Herbivourous locust after depleting crops turn carnivourous, attacking live stocks.
If the world is going to see a locusts storm, we are going to see agriculture food scare, and possibly ethanol shortage.
We have heard so much about, hurricane, ice storms, floods, so far, not a locust infestation yet.
Meanwhile California is having wild fires, people chased out of homes, before "foreclosure" of course.
When locusts come, it looks like a veil of black smoke stretching across the sky. Literally like the hand of GOD blocking off the sun.
While FED front runner Greg Ip tells market that FED would stop at 25bp cut and signal a pause. (if Greg is so great, why do FOMC meets for 2 days ? might as well disband the FOMC).
With NFP on Friday, FOMC possibly would have gotten wind of what might be there in NFP. If NFP is bad, they would have to forestall and cut 50 bp. B'cos the next FOMC is in June. Otherwise, market would go into a tailspin, and FED have to call for a impromptu FOMC.
Meanwhile, barring any surprise, liquidity is like Locusts storm gathering to take the Equities higher world wide.
For those who would want to trade next week NFP, FOMC, do subscribe to me at dollarproaragon@hotmail.com
There is a Scotland North Sea pipline strike. Expect Oil to retest 120 and possibly head higher into 125. And the another Iran, US skirmish (which the Iranian would gladly comply), would send it towards 150 (as what some commodity hotshot was toking). Meanwhile summer driving season is coming soon.
This would put a lid on any USD rebound next week.
I think the world is waiting on the next signal, Locusts, after the RED MOON, FALLEN STAR, EARTHQUAKE.
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