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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Mike Johnston who wrote (98153)	10/1/2008 8:27:47 PM
From: TH	2 Recommendations Read Replies (3) \| Respond to of 110194

Mike, Thanks. Nice story and very plausible. Someone really decided that they should sell gold just minutes before the NY close. Amazing. Just amazing. And tonight the Euro dropped .7 against the dollar in less than an hour. Again, just amazing, for I can find zero news for this. I believe that the G7 monkeys got together and decided to create a dream come true. And that dream was a strong dollar so the world could jump start their export market for <trinkets and stuff for Americans> Just like the good ole days. Trouble is, the American consumer seems more than a bit tapped out. Auto sales today were again off the cliff, and both Toyota and Honda were down big. Some idiot on CNBC says this is because American consumers have become frozen since the bailout talk began. I guess even Ford made this claim. I have great difficulty believing this has much to do with it. They have no cash, are worried about their jobs, and can't get credit. GT TH