Don't look now but the USD has already started to lose some of its status. Any strength in USD will be used to lighten up on dollars.
www.bloomberg.com/apps/news?pid=20601087&sid=aLW8jvysIe5k"
Most Asian currencies are anywhere from 40%-50% undervalued vs the dollar.
If you don't protect your own currency you are committing economic atrocity. We are headed for serious multi-generational carnage. All for what? So that Goldman, BOFA, AIG, Merrill, and the other Wall Street Bandits can make more vulgar amounts of money on the backs of ordinary citizens.
Obama had a slight small chance to steer the ship a little differently, he not only failed the country, but the entire planet by letting Geithner/Bernanke/Goldman Sachs plan out economic/fiscal/financial policy that only benefits the rich while smoking everyone else. I don't believe in God but I do pray for Obama everyday.
Today is going to be a tough day in the markets. Futures down 12.5.
At the moment the trade is buy bonds/USD/safety and sell risk assets like commodities and equities. I am seeing bond prices really firming up here. The US Dollar Index is trying to rally as well. My thesis is when does it become apparent that every trade you put in:
-Convergence Trades
-Arbitrage Trades
-Pairs Trades
-Safety Trades
-Commodity Trades
-Risk Trades
Are all scams? At the moment Madoff is small potato's compared to the shysters who are in fact Government/Fed/Treasury.
One day we will all walk into work and just say "What Just Happened"?
tradersutra.blogspot.com/2009/06/black-swans-and-unthinkable-stuff.html
tradersutra.blogspot.com/2009/07/anatomy-of-bailout-great-debate.html
http://tradersutra.blogspot.com/2009/06/cost-of-green-shoots.html
tradersutra.blogspot.com/2009/06/china-problem.html
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