Monday, June 21, 2010

FUTURES SCREAMING

WHY? Chinese going to let their currency float value more freely.....WOW that's a new one! SMart money will be selling this event, IMHO

Housing brought us down......it's still down folks

SHANGHAI (AP) -- China followed through Monday on its pledge to allow greater flexibility in exchange rates, but said an appreciation in its currency alone could not rebalance world growth as it urged world leaders to carry out more fundamental reforms.

Boy isnt that the best news in awhile? surely a rising yuan is good for CHinese exports????? (not)

D

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