Pancho,
Just when I put away the toaster and poptarts there we go breaking 9,000 again! I'm still sticking with my Dow 2,000 by 2000 prediction. The list of countries in recession or crisis gets longer and longer: Japan, S Korea, Hong Kong, Indonesia, Thailand, Russia, Brazil, Mexico, Taiwan, Pjhllipines, Australia, New Zeland. But not to worry, those countries put their depreciated currencies in our banks so that we can borrow money on the cheap to pay for our trade deficeit etc., etc. One day someone is going to want their money back and rates will fly.
It's nice to see WJC is going to go to Tienamen Square 9 years after 10,000 students were murdered by those repressive Maoist fanatics. I wonder if this insensitive and calculated move by the Slickster has anything to do with A) Illegal Chinese Donations to the DNC B) Devaluation of the Yuan C) Technology transfers to China from Loral D) none of the above or E)some or all of the above.
Australian $ hit 12 year low. biz.yahoo.com
IMF down to last $ 12 billion. biz.yahoo.com |