at 1.12 do you know how hard it will be for Exports and Retial side they will be so screwed just like Britian was in the ERM....
QE3.. not happening for awhile even if it does people think the fed can do the same amount in QE1 if people review their portfolios they have less than 800B of long dated treas to sell to the market so those thinking 1,,,2...3..4.. TRILLION are just kidding themselves.
China... They have release a quarter of the stimulus last week for road, construction commercial just like their MASSIVE stimulus in 2008 it will fizzle simply because they are putting it to work in the wrong sectors...they keep builiding ghost towns and the only reason the developers are not selling is because of SPV's loans that are off the books.
I will post on Friday an extensive report on this and more for the Australian economy but the more IRon ore stays at these levels with coal and the AUD stays at current levels your going to see unease from the RBA and more importantly from the Corps who will delay pojects and start layoffs..causing a domino effect
QE3.. not happening for awhile even if it does people think the fed can do the same amount in QE1 if people review their portfolios they have less than 800B of long dated treas to sell to the market so those thinking 1,,,2...3..4.. TRILLION are just kidding themselves.
China... They have release a quarter of the stimulus last week for road, construction commercial just like their MASSIVE stimulus in 2008 it will fizzle simply because they are putting it to work in the wrong sectors...they keep builiding ghost towns and the only reason the developers are not selling is because of SPV's loans that are off the books.
I will post on Friday an extensive report on this and more for the Australian economy but the more IRon ore stays at these levels with coal and the AUD stays at current levels your going to see unease from the RBA and more importantly from the Corps who will delay pojects and start layoffs..causing a domino effect