RE:marketsDoes the US need to backstop the world and start buying bonds everywhere ?
these markets are way to shakey.
the world is praying for a US recovery but its not coming the US consumer is spent cost of living is too high with no jobs.
gold is about to rocket its having a slight pause as everyone is selling everything and getting US dollars which is strenghening the dollar they will park this money eventually but where ?
no one knows.
asia and the elites are buying gold at these prices and might even cause comex to default when everyone wants delivery when they see the fed has no answers.
some are even suggesting that the big meeting today which was reported by the media as being about egypt was really about world markets and figuring out whats going on.
tommorow we get fed minutes.