They have issues to deal with the weaker and weaker dollars, cutting rate so aggressively? Inflation fight will be out of control too. It is all about timing when they cut and how do they cut that could save the economy. However, Market is market, economy is economy though. We further recommend to buy into Gold, Silver as I noticed
the dollar hit another new milestone last night. It was reported yesterday that the St. Louis Fed’s dollar reserve has dropped below 77. Well, this morning, the JPMorgan index of the nation’s currency had dropped to 79… its lowest rank in 15 years.
As if on cue, Iran announced this morning that it will conduct all its foreign currency transactions in euro or yen. The euro was trading at $1.38 this morning. Yen at 113. The pound… $2.02.
Hally Hally, let's profit from the rate cut.
Today many people have seen that Ben didn't give any clue about the rate cut which comfort with our outlook that it is not that easy to do so. ( From Yahoo :Instead, Bernanke talked about the need for countries around the globe to cooperate toward economic stability. He said "global imbalances" occur when countries run up trade deficits or produce big trade surpluses. ) The imbalance here has also been more obvious from the job roll reported recently. Japan, Germany, India, Sweden, Australia, Costa Rica and Peru are all reporting the most optimistic hiring conditions in 40 years, says the Manpower Employment Outlook Survey released today.
While these seven nations tout stellar employment conditions, countries such as the U.S., Ireland, Taiwan and China are all reporting slowing trends in the jobs market.
What shall we do? It is all in your hands.
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