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Posts by "catnip"
2150 Posts Total by "catnip":
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Posts by Anonymous "catnip":
So what about 1.41? It is a calculation based on Mar 11. The meeting will decide that the risk of lower growth in Germany, lower economic growth in the periphery is higher than inflation risk.
Until then EUR remains driven by politics only, the belief is that the ECB will act well in advance of the United States on interest rates. That is, at least from economy, an illusion.
The diverging relative strengths of EUR and USD came to a halt . USD weakness is mainly due
to ME tensions especially the worries Saudi arabia could be target of uproar in Muslim world.
EUR strength is only and only based on speculation ECB's hands will be forced by raising commodities. Therefore the sharply rasing CDS on Ezone troubled bonds are out of focus.
Fundamentally the scenario for an Eur crash is
protest in SA prove a nonevent
Gaddafi regains control over oilfields
Don't think FED is out of ammunition.
China spent 548.6 billion yuan ($83.5 billion) on internal security last year, 6.7 percent more than budgeted and a 15.6 percent increase over 2009, the Finance Ministry said in a report released yesterday. Last year China spent 533.5 billion yuan on national defense, or 0.3 percent more than budgeted, according to the Finance Ministry.
The surge in public security spending comes as so-called mass incidents, everything from strikes to riots and demonstrations, are on the rise. There were at least 180,000 such incidents in 2010, twice as many as in 2006, Sun Liping, a professor of sociology at Beijings Tsinghua University, said in a Feb. 25 article in the Economic Observer.
I'll stay with my conclusion the target behind the US triggered NWO with all those "riots for democracy" in ME is China. Russia will fall as windfall profit.
Take care. Dr. Ben clever man.