World economy talk

[eld]

S&P outlook revision grabbed headlines but the market is actually more concerned about something more important -- the end of QE2

at their upcoming meeting on Apr 27, the Fed will signal the end of asset purchases at the end of June

QE2 has been providing the stock market with downside protection

that protection will be taken away

Since the bailouts was nothing more than the biggest heist in history, maybe it was in preparation for a deflation? Mapa deflation man yan o inflation the fats cats are loaded.

[safeorigin]

Classic Peter Schiff loves gold... malapit na yung deflation and other debt probelms predictions niya

[uls]

good morning

http://news.xinhuanet.com/english201...c_13842843.htm

China should cap forex reserves at 1.3 trillion U.S. dollars: China banker

BEIJING, April 23 (Xinhua) -- China should reduce its excessive foreign exchange reserves and further diversify its holdings, Tang Shuangning, chairman of China Everbright Group, said on Saturday.

The amount of foreign exchange reserves should be restricted to between 800 billion to 1.3 trillion U.S. dollars, Tang told a forum in Beijing, saying that the current reserve amount is too high.

China's foreign exchange reserves increased by 197.4 billion U.S. dollars in the first three months of this year to 3.04 trillion U.S. dollars by the end of March.

[Monseratto]

1-month GOLD

[uls]

gold spot is currently higher than gold futures (all the way to Dec 2011)

people are demanding immediate delivery of their gold rather than hold contracts for future delivery

[uls]

USD multi year low

[tidus1203]

Yep we are approaching those 2008 lows... But some differences. Unlike in 2008 where the Euro led the charge against the USD this time its the AUD, CHF and the JPY... The Euro is still relatively weak...

[uls]

China is really concerned about holding too much dollars

China's sovereign wealth fund to get additional $200B

http://www.livetradingnews.com/china...200b-40472.htm

China’s CIC to receive US$200B in new money

China Investment Corp, (CIC) the Chinese sovereign wealth fund, will receive US$100 to 200B in new funds from the government, according to people familiar with the matter.

CIC, which has already fully allocated the US$110B it had available for offshore investments, is to get the new money as Beijing seeks to reduce its exposure to US government debt.

what are they gonna buy?

[Ry_Tower]

rubber is another very in demand product we should watch out for in terms of price in the next year or so.

[uls]

Fed meeting tues and wed

expect QE2 to end in June

[tidus1203]

Bernanke meets the press... BIG DEAL right? Yes its a big deal cause Fed chairmans never face the press in a Q&A session... Unbelievable for all these years he never ever has to face the media in a Q&A and for an institution that has so much power, he is never accountable to the public.

His ECB counterpart always faces the media after a rate decision...

If it's Wednesday, it's Meet the Press. At least for Federal Reserve Chairman Ben Bernanke. America's central banker is holding a press conference at his Washington headquarters Wednesday afternoon, and it's getting a lot of attention. To understand why it matters, we staged our own impromptu press conference.
Q: What's the big deal? Aren't press conferences in Washington, D.C., a dime a dozen?
A: Indeed. Press conferences in the nation's capital are as common and persistent as rain in Portland, Oregon. But it's exceedingly rare for the Federal Reserve to hold them. From its inception nearly a century ago, the Fed has been an opaque, secretive institution. It has generally communicated with the public on its own terms — issuing terse statements about changes in monetary policy, refusing to comment or explain much, resisting audits, and battling news organizations in court over whether it should release information to the public about its operations. Longtime chairman Alan Greenspan spoke in a jargon-laden patois — Fedspeak — that seemed designed to obfuscate and confuse. So in March, when the Fed announced that Chairman Bernanke would hold press conferences four times per year after the Federal Open Market Committee meeting, it was a big deal.

http://finance.yahoo.com/news/Bernan...&asset=&ccode=

[Monseratto]

NEW YORK, April 27 (Reuters) - The U.S. dollar fell against the euro on Wednesday after the Federal Reserve said it will end its bond-buying program in June as planned, but appeared in no rush to tighten monetary policy further.

The euro EUR= bounced around a bit after the statement but ultimately extended gains to trade at 1.4700, up about 0.4 percent on the day.

The dollar slipped to 82.36 yen from 82.60 yen JPY= before the announcement, but remained up 1.1 percent on the day. For details, see [ID:nW1E7FI013] and [ID:nN26291565]

Fed Chairman Ben Bernanke is set to hold a press conference at 2:15 p.m. EDT (1815 GMT), the first regularly scheduled briefing in the U.S. central bank's 97-year history.

[uls]

USD index

[uls]

QE2 will end in June

but that doesnt mean the Fed will stop buying treasuries

the Fed will maintain the size of its balance sheet -- which means the Fed will reinvest proceeds from maturing securities

[tidus1203]

Sarap mag trade ng FOREX ngayon ah parang gusto kong bumalik uli... Kasi mukanng ONE WAY TRAIN nanaman kinda like 2008. SHORT THE USD against anything and even an idiot would make money...

Tanong na lang SHORT against what?

I am looking also to short EUR/AUD. Lakas ng AUD pero feeling ko shorting against EUR would give me big bucks kaysa long against USD...

[uls]

McDonald's US held a job fair

they planned to hire 50,000 people

they ended up hiring 62,000

out of a million job applicants

http://www.bloomberg.com/news/2011-0...n-planned.html

McDonald’s Hires 62,000 During National Event, 24% More Than Planned

McDonald’s Corp. (MCD), the world’s biggest restaurant chain, said it hired 24 percent more people than planned during an employment event this month.

McDonald’s and its franchisees hired 62,000 people in the U.S. after receiving more than one million applications, the Oak Brook, Illinois-based company said today in an e-mailed statement. Previously, it said it planned to hire 50,000.

[Monseratto]

GOLD

[uls]

[safeorigin]

seems like Syria will be next on the list after Libya

[Ry_Tower]

^ looks like it nga.