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DOW Watch January 22, 2009 – It’s Alive! It’s Alive!
Ms Sans Serif
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[quote:ºDIETº:MV83MTA5NDhfMTA4OTI0MjFfRjAwMDIwQ0E=] [quote:meras 598370] http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/3269669/IMF-may-need-to-print-money-as-crisis-spreads.html You mention global currency so am posting the above article, in fact a lot of good information on the www.telegraph.co.uk site under finance and its good to read the blogs and readers letters which can be very insightful. [/quote] Excellent article!!! Thanks for sharing Meras. [/quote]
The PPT that is!
Well I am humbly 0-2 this week and about to send myself to the bench. What have I learned the past two days? That the PPT is alive and well!
I challenge anyone to produce a single piece of good economic news. Long and short there is none. HSBC rises in Europe based on ‘pledge’ of ‘an expanded and prolonged role stabilizing banks’. What a load of garbage! Yet Europe’s stocks are up.
Folks let me repeat the quote by Treasury Secretary Nominee Geithner, ‘an expanded and prolonged role stabilizing banks’. Read between the lines. Expanded and prolonged sounds an awful lot like another way of saying Nationalize the banks. This site often discusses the theory of one global currency. If Banks globally are nationalized then the theory is just one step away from actuality. Frankly, I am very concerned about where this is headed.
End of the day call.
If unemployment numbers top 550K then -245
If unemployment numbers under 550K – 95
If unemployment numbers under 500K +35
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