The Early Shift
Posted by jeckert on 05/20/2010
The White House set to announce more loan guarantees for nuclear and renewable energy projects.
Treasury Secretary Tim Geithner will seek a "level playing field" in talks with China next week.
Dr. Doom says don't expect much from the S&ED.
Claims for jobless benefits unexpectedly rose last week, while the Fed expects GDP to grow and http://www.washingtonpost.com/wp-dyn/content/article/2010/05/19/AR201005... " target="_blank">unemployment to fall by the end of the year.
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The trade war based on
The trade war based on currency manipulation is in full swing. NPR talked about US delegation now diverted to talking about North Korea - this is orchestrated. North Korea is a province of Communist China. The Chinese knew the squeeze was coming on the yuan - bingo - crisis in North Korea when the US was about to approach China to discuss the possibility of hinting at a slight alteration in the currency valuation long-term impact study that we are thinking just might be against US industry, but we're not so sure, so we'll wait and see, but maybe you could say something nice and then let the yuan strengthen by 0.000001 percent... please... pretty please...
Oh, and look at the Euro fall, that must be bad. Well the German stock market faked a fall, and now not so bad (look at 3 month timeframe). Expect to see UK stocks get hurt, though, they have no factories to benefit from weak currency; they are just the world's brokers, so an end to the "free trade baloney" is a problem for them. Of course, UK brokers are probably at work helping to manipulate the currencies, so probably a growth industry there. How about making a futures market for currency manipulation indexes? We could bet on who's bets are going to win.