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Posts by "stationdealer"
750 Posts Total by "stationdealer":
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Posts by Anonymous "stationdealer":
Recessions are common; depressions are rare. As far as I can tell, there were only two eras in economic history that were widely described as depressions at the time: the years of deflation and instability that followed the Panic of 1873 and the years of mass unemployment that followed the financial crisis of 1929-31.
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Germany Warns US Not to Become 'Addicted to Borrowing'
More Here.http://www.spiegel.de/international/business/0,1518,702849,00.html
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(Reuters) - A new United Nations report released on Tuesday calls for abandoning the U.S. dollar as the main global reserve currency, saying it has been unable to safeguard value. http://www.reuters.com/article/idUSTRE65S40620100629
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Yuan Can Become Alternative Reserve Currency to US dollar-ADB http://www.reuters.com/article/idUSTOE65N06P20100624
* Internationalisation of yuan may be rapid process-ADB
* Yuan to push world toward multi-currency reserve system
* Capital controls can help economic management
HONG KONG, June 24 (Reuters) - China's yuan could rapidly become an internationally used currency and serve as an alternative to the U.S. dollar in central bank reserves, the Asian Development Bank said in a report on Thursday.
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"The US will 'Politely Default' on its Debt"
By Robert Huebscher of Advisor Perspectives http://www.zerohedge.com/article/big-call-jeff-gundlach-us-will-politely-default-its-debt
Todays economic problems, it seems, can be understood through the lens of pop artist Andy Warhol. Warhol, who DoubleLines Jeff Gundlach calls an absolute futuristic genius in his ability to depict trends in American consumerism, showed through his illustrations of everyday objects, such as Coca Cola cans, that products used by the upper crust of society were accessible to anyone in America. That accessibility made it natural for consumers to borrow money
Cable breaks 150 and if does not sustains 14965 level then it will be considered as a false break out which is mainly due to the cause of automated traded funds that pull or push market for short term profit taking.
Gold is favoured buy today. key signals should arrive from US stocks today, if we see a reversal then that should also take Gold higher if not higher only sideways 1239 & 1238 have met with some buyers in Gold.
But short term there some down side, lets see if it break 150 barrier.
Guardian exclusive: Leaked government data concerning next 5 years shows hidden costs of austerity drive.http://www.guardian.co.uk/uk/2010/jun/29/budget-job-losses-unemployment-austerity