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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (383429)	4/2/2009 8:28:48 AM
From: Giordano Bruno	Read Replies (1) \| Respond to of 436258

Trivia: Moodys cut JC Penny to junk / TXN cut to sell

To: MythMan who wrote (383429)	4/2/2009 8:31:52 AM
From: Terry Maloney	Read Replies (1) \| Respond to of 436258

I'm thinking it's just a head fake, but that's what the market seems to be saying alright. Best I can tell, this is the happy news: "The record $250bn increase in SDRs is shared between all IMF countries, broadly according to their size (on a quota basis). Broadly the increase boosts every country's reserves and thus their liquidity. It's particularly valuable for cash-strapped poorer countries or emerging economies. But it's really the equivalent of creating money for all economies, including ours, or for the global economy." bbc.co.uk Got gold? <g>