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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: TH who wrote (105294)9/23/2009 7:37:16 PM
From: orkrious2 Recommendations  Read Replies (2) of 110194
 
I'm watching what happens at 76 Dollar Index. I'm willing to bet the screaming has already started.

I just spent two weeks overseas, most of it in Eastern Europe.

I was surprised how expensive things were, given that I was in "cheaper" countries. The clownbuck just isn't worth anything.

A British financial reporter I happened to meet on a street in Budapest told me that the local economy had been "decimated" by the financial "crash." FDI had dried up.

Virtually every local I talked to complained about their weak economy.

Ben and the rest of the world's CB's will print until the bond or currency markets tell them they can't.

The only things I followed when I was away was the value of my PF (roughly the steady from the time I left, but volatile), and how much of the local currency I received when I hit the ATM machine (not enough).
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