On the international and the 1% side...
To quote .."it is clear that the market is seeking out the capital gainers and avoiding low-yield assets like US Treasuries and dollars. "
I guess the market now view USD as low yielding assets ? maybe the OWS actually works and showing some progress ? Looks likes big brothers start to
shift big money around. Dunno, but I'm selling USD
News translation for commoners:
Newslink below doesnt mention anything about the OWS or politics or whatever related to the event.
HOWEVER, it reflect what the big brothers are doing, - move money out from USD. Money is being pull out from USD and moved to others instruments and
assets, - "me dont want USD, me want YEN/EUR/CAD/etc", one can assume that the big brothers are protecting their interest - keeping their money
Quoting - "the money supply has been flooded and the world’s largest economy is considered the lender of last resort for the rest of the world." ---
sound like somebody dump a lot of USD that nobody wants(?),
I wonder who ?
This is why I'm skeptical the OWS movement will work, but at least OWS are getting some result.
Dollar biggest drop in a decade
Risk Rally Prompts Massive Dollar Sell-Off, Index Breaks
US Dollar Poised to Fall Further Ahead of Critical
NFPs, ECB Decision
edit on 28-10-2011 by NullVoid because: add links and description