I feel that the sudden drop in eu and gu is due to the announcement by fed chairman bernanke that the fed is ready to "act". I feel this could have gone either way depending on that news.
"good" news, but more spending by the fed could increase the probability of a USD crash and high inflation... good short term, but bad long term news... if the deficit increases and the United States becomes bankrupt. I hope it doesn't come to that.
"good" news, but more spending by the fed could increase the probability of a USD crash and high inflation... good short term, but bad long term news... if the deficit increases and the United States becomes bankrupt. I hope it doesn't come to that.