Hey Steve whats your upside target for the S&p? you see us topping out in the next few days?
On vacation, flat everything except PM, Oil Wells, farmland and more guns
Dollar no longer primary oil currency as China begins to sell oil using Yuan"The world changed last week, and there was nary a word spoken by Wall Street or by politicians who reveled in their own magnificence as this event took place during the party conventions. A major blow was done on Sept. 6 to the American empire, and to the power of the U.S. dollar as the world's reserve currency. And China, along with Russia, are now aiming to become the controllers of energy, and thus, controllers of a new petro-currency."http://www.examiner.com/article/dollar-no-longer-primary-oil-currency-as-china-begins-to-sell-oil-using-yuan http://justmeasurescs.com/?page_id=18
It does seem like energy acts as a currency, thanks for pointing out the China thing. As you know, USA has allowed OPEC to set prices and occasionally rape the world as long as they agreed to accept only USD
Those pesky BRIC countries will get a b-slapping from the classic economic hitman, USA, plus brit and japan still economic allies.
Insightful and Useful Comment!