http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a5PxZ0NcDI4o
Nov. 24 (Bloomberg) -- The U.S. government is prepared to provide more than $7.7 trillion on behalf of American taxpayers after guaranteeing $306 billion of Citigroup Inc. debt yesterday. The pledges, amounting to half the value of everything produced in the nation last year, are intended to rescue the financial system after the credit markets seized up 15 months ago.
Only a matter if time before foreigners dump USD
USD will go to zero.
A new bull market in JPY. The only viable reserve currency at the moment.
Which means hedge funds will have to unwind positions on their JPY carry trades.
SP500 will bottom between 400 and 500.
Depression ahead for the US.
Nov. 24 (Bloomberg) -- The U.S. government is prepared to provide more than $7.7 trillion on behalf of American taxpayers after guaranteeing $306 billion of Citigroup Inc. debt yesterday. The pledges, amounting to half the value of everything produced in the nation last year, are intended to rescue the financial system after the credit markets seized up 15 months ago.
Only a matter if time before foreigners dump USD
USD will go to zero.
A new bull market in JPY. The only viable reserve currency at the moment.
Which means hedge funds will have to unwind positions on their JPY carry trades.
SP500 will bottom between 400 and 500.
Depression ahead for the US.