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Old 21-01-2008, 16:42   #4 (permalink)
currencia
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Re: can $150 Billion Plan Boost Faltering U.S. Growth

While the world is quiibbling over the phrase of "is it a recession, or is it not", things are falling apart by the minute. While the US equity market is closed for a Martin Luther King Holiday foreign stock markets have today plunged. So far these foreign markets are down 25 and 30% because they do not see the US Fed acting fast enough and they do not beleive a lousy $800 future tax credit will make a dent in the poor US economy.

The US equity market index DJIA has dropped in recent days from 14,000 to 12,000. Do you think it is going to go back up when it opens tomorrow?
Soon the DJIA will be down another 2,000 points at 10,000.

Meanwhile, the american worker cannot afford to drive to work with gas prices at $3.50 a gallon. Soon enough that gas price will be $5.00 a gallon.
Food prices in the grocery store will almost doubled becasue crop production is being switched to make ethanol. So, don't think $5 a gallon milk will come down anytime soon. Hamburger will be $5 a pound and milk will be $8 a gallon.

Bernake is waiting until later this month to lower rates! I quess he isnt too serious is he! Nevertheless, he is a lot more serious than George. After he is out of office, you will start hearing the horror stories of how he personally amassed a fortune in this process of ruining America.

Ok, ok, my points are not specific enough to make a profitable trade? Try Djia down by another 300 points on January 22nd. Eurusd is at 1.4400. Look to go long. The dollar isnt going to be skyrocketing at this juncture.

Last edited by currencia; 21-01-2008 at 16:59.
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