7/8/09
The support zone 875-880 still held! I expect market will rebound tomorrow. Now, I post little more detail on Chinese blog!
Wednesday, July 8, 2009
Market support still held !!
7/8/09
The support zone 875-880 still held! I expect market will rebound tomorrow. Now, I post little more detail on Chinese blog!
Interesting comments from former assitant Treasury Secretary !!!
7/8/09
The following is an interesting comments from a very outspoken Former Assistant Treasury Secretary(Craig Roberts) on the bailouts, the dollar, and Goldman Sachs.
Craig Roberts: Bank bailout was a fraud and it won't succeed. Don't not know what sort of stupidity the Treasury Secretary and the Federal Reserve will resort to next.
Max Keiser: Quick question. What should the Treasury Secretary be doing?
Craig Roberts: He should be trying to save the dollar as the world's reserve currency which means stopping the wars, reducing the bailout money, and trying to reduce the trade and budget deficits in order to save the dollar. That's what he should be doing.
Max Kesier: Does the treasury secretary work for the people or does he work for the banking system on Wall Street?
Craig Roberts: He works for Goldman Sachs.
My comment: Even the government former co-worker think our Treasury Secretary is a dump fool!! What a shame for America and us!!
The following is an interesting comments from a very outspoken Former Assistant Treasury Secretary(Craig Roberts) on the bailouts, the dollar, and Goldman Sachs.
Craig Roberts: Bank bailout was a fraud and it won't succeed. Don't not know what sort of stupidity the Treasury Secretary and the Federal Reserve will resort to next.
Max Keiser: Quick question. What should the Treasury Secretary be doing?
Craig Roberts: He should be trying to save the dollar as the world's reserve currency which means stopping the wars, reducing the bailout money, and trying to reduce the trade and budget deficits in order to save the dollar. That's what he should be doing.
Max Kesier: Does the treasury secretary work for the people or does he work for the banking system on Wall Street?
Craig Roberts: He works for Goldman Sachs.
My comment: Even the government former co-worker think our Treasury Secretary is a dump fool!! What a shame for America and us!!
Tuesday, July 7, 2009
What ??! Pradon Me !! 2nd Stimulus ....
7/7/09
As I always thought, our government are only keep printing money without solving any issue or helping our economy at all. None!! Period!! As every major news source....
"I think we need to be open to whether we need additional action," said by House of Representatives Majority Leader Steny Hoyer.
And
Laura D'Andrea Tyson, an economic adviser Obama, said on Tuesday in Singapore that the United States should be planning for a possible second round of fiscal stimulus and focused on infrastructure investment.
What?! then consider sunday our vice president admitted:
"we misread how bad the economy was....."
Everybody, let see where they so called experts economists and white house bought us into? They are liable for what their economic policy. Correct!! You cannot just admit "I was damn wrong back then underestimate how bad our economy will go...." those all f*&^ BS stuffs. We are not children, white house, we now all are feeling, seeing, frustrating about our future, fake hope of 2nd half year recovery. I swear to you white house folks:"Recovery your ass" Now, to make us fool again to introduce 2nd stimulus wasting money scheme. Damn. Good luck to us all !!!
As I always thought, our government are only keep printing money without solving any issue or helping our economy at all. None!! Period!! As every major news source....
"I think we need to be open to whether we need additional action," said by House of Representatives Majority Leader Steny Hoyer.
And
Laura D'Andrea Tyson, an economic adviser Obama, said on Tuesday in Singapore that the United States should be planning for a possible second round of fiscal stimulus and focused on infrastructure investment.
What?! then consider sunday our vice president admitted:
"we misread how bad the economy was....."
Everybody, let see where they so called experts economists and white house bought us into? They are liable for what their economic policy. Correct!! You cannot just admit "I was damn wrong back then underestimate how bad our economy will go...." those all f*&^ BS stuffs. We are not children, white house, we now all are feeling, seeing, frustrating about our future, fake hope of 2nd half year recovery. I swear to you white house folks:"Recovery your ass" Now, to make us fool again to introduce 2nd stimulus wasting money scheme. Damn. Good luck to us all !!!
Monday, July 6, 2009
Market still hold above key support !!!
7/6/09
Market is still able holding on above key support 8200 for Dow!! Expect more rebound for tomorrow morning.
Economic reports are rather light this week. Only items worth paying attention to are ISM index and Initial jobless claims for May.
Alcoa will kick off 2nd quarter earnings. Right now, expectations for these earnings is not very high.
Geither (Treasury) and Elizabeth Duke (Federal Reserve) will speak this week.
Group of Eight Summit in Italy is an important event. China has once again proposed a new world currency. This will affect the market mood. However, it is unlikely that such proposal will have any long lasting consequences.
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