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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?


To: ChinuSFO who wrote (74606)5/13/2010 11:33:43 AM
From: tejek  Read Replies (1) | Respond to of 149317
 
I know this is mostly OT but its a very bizarre development happening in China. For the past few years whenever someone feels a great deal of frustration, they go into one of the schools and kill a few kids. There must be some kind of important symbolism to killing kids beyond the horror of it, or its simply copy cat acts.....but its bizarre.

China school killer erupted after lease row

reuters.com



To: ChinuSFO who wrote (74606)5/13/2010 11:41:22 AM
From: tejek  Respond to of 149317
 
I think now they are moving into GLD in anticipation of future inflation with all the money the ECB is printing to backstop countries like Greece and Portugal. As for the Euro, having it weak is a good thing......it will help to keep the exports up in Germany, the economic machine of the EU, and allow the economies of the PIIGS to remain competitive. Greece desperately needs its exports to be cheap because higher exports will lead to more growth in its industries and that lead to the creation of more jobs, the Achilles heel of Greece where every other job is a gov't job and a huge drain on its Treasury.

But the one country that has everyone really worried is Spain because its so big........and so this news out of Spain yesterday was very welcomed:

Spain PM gets serious on debt... finally

news.bbc.co.uk

Bottomline: The EU is getting its all clear moment like the US got in March, 2009.



To: ChinuSFO who wrote (74606)5/13/2010 12:10:59 PM
From: tejek  Respond to of 149317
 
BTW most savvy traders are pushing their GLD shorts. The bullish GLD trade is overdone and should go back down soon.



To: ChinuSFO who wrote (74606)5/13/2010 3:23:19 PM
From: tejek  Respond to of 149317
 
I didn't mean to imply that everything is wonderful in the EU. It ain't as you can see by today's market.