When will the suckewrs rally pop?

[DavidS]

Please remember, folks, this recession was not predicted to end until July 2010. We still have almost another year to go. A recession is like a bullet wound -- quick to hurt, slow to heal. This will be considered The Great Recession, I believe.

We certainly could close the year off around 7 or 8,000 -- which I actually wouldn't mind seeing. Unfortunately, I don't believe the year will end anything under 10,000 -- I think we're headed there, maybe not as quickly as I first thought, but I think once we hit 10,000, that's the sky, that's the limit and we're done after that for at least another year. I don't think stocks will really start climbing until 2011. The most recent recession we can compare this one to is the one under Reagan in 1982. By 1983, things had started to improve and by 1984, the economy was humming along quite nicely. I think that our economy will move along at the same pace... every generation or so, we get a big correction... and there's nothing wrong with that. What's bothering me the most is that our economy is dependent upon bubbles... dotcom, housing, oil, gold, technology... the 2000s really didn't see anything as far as new innovation is concerned that would allow us to enter a bubble. Thus the economy sluggishly went along..

 

[Toro]

Ok, well im done with you on this thread hack.

Of course you are. Facts are a bitch to partisan ideologues.

Now, if you want to play with the adults...

Barchart.com - Charts - $DXY DOLLAR INDEX INDEX

 

[Mr.Fitnah]

I have missed my date .
I glad I hope I have several years to consolodate
'I am still preparing for a complete weimar republic type meltdown that will collapse the global economy which will of course be solved by some global type government and economy .
If you think the financial problems are over , good for you God be with you.

 

[Toro]

I don't think the financial problems are over, but I don't think a repeat of Weimer Germany is going to happen either.

 

[Mr.Fitnah]

I was clearly wrong about the oct date.
I do not see a very good time financially in the near future the end is very near.

 

[Mr.Fitnah]

Published on ShanghaiDaily.com (Shanghai Daily | 上海日报 -- English Window to China News)
Harder to buy US Treasuries -- Shanghai Daily | 上海日报 -- English Window to China New


Harder to buy US Treasuries
Created: 2009-12-18 0:13:35
Author:Zhou Xin and Jason Subler


IT is getting harder for governments to buy United States Treasuries because the US's shrinking current-account gap is reducing supply of dollars overseas, a Chinese central bank official said yesterday.

The comments by Zhu Min, deputy governor of the People's Bank of China, referred to the overall situation globally, not specifically to China, the biggest foreign holder of US government bonds.

Chinese officials generally are very careful about commenting on the dollar and Treasuries, given that so much of its US$2.3 trillion reserves are tied to their value, and markets always watch any such comments closely for signs of any shift in how it manages its assets.

China's State Administration of Foreign Exchange reaffirmed this month that the dollar stands secure as the anchor of the currency reserves it manages, even as the country seeks to diversify its investments.

In a discussion on the global role of the dollar, Zhu told an academic audience that it was inevitable that the dollar would continue to fall in value because Washington continued to issue more Treasuries to finance its deficit spending.

He then addressed where demand for that debt would come from.

"The United States cannot force foreign governments to increase their holdings of Treasuries," Zhu said, according to an audio recording of his remarks. "Double the holdings? It is definitely impossible."

"The US current account deficit is falling as residents' savings increase, so its trade turnover is falling, which means the US is supplying fewer dollars to the rest of the world," he added. "The world does not have so much money to buy more US Treasuries."

China continues to see its foreign exchange reserves grow, albeit at a slower pace than in past years, due to a large trade surplus and inflows of foreign investment. They stood at US$2.3 trillion at the end of September.