Club Mulgoa

Tuesday, December 13, 2011

Market expection

The market keeps expecting governments to do more than they do. The Feds kept interest rate where it was and there is no fiscal stimulus, so the DJ plunged after that. I am glad about that. You cannot expect artificial means of fixing the current financial woes. Greeks have to work, well many Europeans have to work harder for less. Yanks have to stop spending on debt. Japs have to fix up their natural disaster woes. China has to revalue its currency. And Australia has to play less sports, and use their brain to value-add their raw materials.

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