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To: Bearcatbob who wrote (156565)9/7/2011 7:11:55 AM
From: Salt'n'Peppa  Respond to of 206087
 
Commodities will continue to climb. Buy gold and energy IMVHO.
It doesn't matter if you price it in USD (or Yuan - they are lock-step), Euros or Yen.

S&P

finance.yahoo.com

In the currency markets, traders were assessing the aftermath of the Swiss National Bank's surprise decision Tuesday to peg the national currency at 1.20 francs per euro in an attempt to rein in the export-sapping appreciation of the currency. It said it would use whatever resources it has available to maintain that ceiling.

The announcement prompted a 9 percent reverse in the value of the Swiss franc Tuesday. That retreat has held Wednesday, with the euro flat at 1.2059 francs. The dollar, which was similarly buoyed, was up a further 0.4 percent at 0.8585 franc.

Lee Hardman, an analyst at the Bank of Tokyo-Mitsubishi UFJ, said the decision to announce a peg has initially helped support sentiment in the markets by potentially adding significant liquidity into financial markets.

However, he added that the move may eventually be seen as another chapter in a global currency war, where countries seek to get an advantage by manipulating their currencies lower.

"Switzerland's shift away from a free floating currency has heightened speculation over which countries could be next to attempt to devalue their own currency as a means to boost growth at others expense," Hardman said.

With the dollar near a record low against the yen, there are many in the markets that think the Japanese may soon try to ease the pressure on its exporters by intervening in the markets itself. Japan's monetary authorities have a history of intervening in the markets, most recently in conjunction with other central banks around the world following March's devastating earthquake and tsunami.



To: Bearcatbob who wrote (156565)9/7/2011 2:35:50 PM
From: Archie Meeties2 Recommendations  Read Replies (2) | Respond to of 206087
 
Raising fuel efficiency in vehicles is a good step. Tightening emissions from coal plants another. Moving to CNG or LNG for transportation. Nuclear power. Changing the gut flora of cows to non methane producing bacteria (sounds silly but methane is a potent greenhouse gas). Quit subsidizing corn. Quit subsidizing highways (current gasoline tax doesn't cover the cost of highway repair, that money is coming from your income tax or corporate tax).

I see the greens have suffered another setback in the area of pollution control.
online.wsj.com

Other ideas that are pretty unpalatable to many;

Limit or stop having dogs as pets. One dog = large SUV in terms of yearly co2 footprint.
Travel by Rail, not plane.
Skip the vacation in Europe and go to a national park here.
Move to New York or San Francisco (large cities have the lowest per capita carbon footprint)

Plenty of folks that are pretty fired up about the environment but who are unwilling to change their lifestyles.

OTOH, there are plenty of folks who are willing to do their part. I'm switching to grass fed beef, for example. -g-

guardian.co.uk