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To: Broken_Clock who wrote (409579)8/27/2010 12:56:11 PM
From: MythMan  Read Replies (1) | Respond to of 436258
 
how's that been working out so far?



To: Broken_Clock who wrote (409579)8/27/2010 12:59:25 PM
From: Giordano Bruno  Respond to of 436258
 
The beginning of the end of the dollar?
Banks Back Switch to Renminbi for Trade - A number of the world’s biggest banks have launched international roadshows promoting the use of the renminbi to corporate customers instead of the dollar for trade deals with China. HSBC, which recently moved its chief executive from London to Hong Kong, and Standard Chartered, are offering discounted transaction fees and other financial incentives to companies that choose to settle trade in the Chinese currency. (FT)



To: Broken_Clock who wrote (409579)8/27/2010 3:44:28 PM
From: Jim McMannis  Respond to of 436258
 
We know the FED is purchasing treasuries so maybe he is talking about stocks. A nice little formula to purchase a basket of stocks would do it. They used to call it program trading. Since Immelt is on the Obama advisory board that there is a good possibility GE will be on the list. Hoe Yeah. GS too.