The Bears Talk China's Manipulated Currency

Interesting lesson on China's manipulated currency!

Australian dollar set to recover

The Australian dollar can be expected to recover in the next week, holding out above $1.00 parity with the USD. The principal reason I think will be a weaker USD based on the cross-rates. The USD has recovered against the Yen, but it will quickly wither, and test previous low.

The Euro also looks set to strengthen against the USD, though I'd stick with the hard currencies, not the pretend (main) ones.

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Andrew Sheldon www.sheldonthinks.com

Empires on the Edge of Chaos

Below is a link to a video clip featuring Niall Ferguson. In the video he discusses “Empires on the Edge of Chaos,” referring to the course of action the "we," the USA has taken. Be warned, the video is quite lengthy. I skipped to section 6 “Interest Payments as a Share of US Revenue.”

http://fora.tv/2010/07/28/Niall_Ferguson_Empires_on_the_Edge_of_Chaos#fullprogram

I think you will find this clip very, very interesting!

Happy Trading!!