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Oh Dear - North Korea stuns with a hundred fold markdown in Won by closing their eyes and covering their ears while chanting the mantra La La La la la la (Bum paper now has 2 zero's less on the same roll) - Japan thinks it might be a good idea to trash the Yen by bringing back QE (never worked last time) but what;s a fellow to do when your 85 yen to $US bum paper - The Australian reserve bank lifts interest rates for a third month in a row and the banks add that plus 80% more for their bottom line (merry Christmas debtors)
and now China gets indigestion with an Unexpected 5% cliff dive.
http://www.marketwatch.com/story/han...ade-2009-11-27
Be warned the above figures coming out of China are all over the place (Panic/ intervention?) so it is not clear what the hell is going on
Who farted ???
I get the distinct impression the World economy has a serious case of overindulgence and the Truth is getting harder to find than a virgin at a bikers booze party and to this end I add this notice of denial in the US
http://www.bloomberg.com/apps/news?p...9fABBGE&pos=15
and now China gets indigestion with an Unexpected 5% cliff dive.
http://www.marketwatch.com/story/han...ade-2009-11-27
Be warned the above figures coming out of China are all over the place (Panic/ intervention?) so it is not clear what the hell is going on
Who farted ???
I get the distinct impression the World economy has a serious case of overindulgence and the Truth is getting harder to find than a virgin at a bikers booze party and to this end I add this notice of denial in the US
http://www.bloomberg.com/apps/news?p...9fABBGE&pos=15
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