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Old 07-01-2009, 06:44 PM
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max420thc
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because of those very same bond holders alot of people will not invest into the USA.
even the states such as indiana who had pension funds in chrystler got screwed to death in the obama/union deal.
no one trusts hugo obama. the volume in the stock market is very very low right now. the stock market (DOW)is due for a major correction(DOWN).
the S & P will go up to around 1100 or so.. it will not be sustainable.
as i had pointed out before delinquency rates of mortgages are at around 15% or mortgages. that would be supported b y the unemployment rate ..the real unemployment rate.of around 20 %
the chinese are on a large gold and commodity hunt right now ..they are sucking up all of the gold they can get. to include mine piles of it in china that never hit the world market.
china has also been calling for a new world reserve currency.if they back their currency with gold they will have the new worlds reserve currency. no doubt about it.
and the USA dollar will b e junk.i mean more junk than it already is.
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