Not much time
to write very much tonight, but I wanted to at least send the
numbers.
Things are really picking up speed in what could be a very bad
way. There is a lot of government manipulation going on in all of the markets
of the industrialized world, so this may very well simmer down. However, the
international banks seem to have tightened their “credit death grip”, so we
could see some financial fireworks over in Europe.
Greece, Spain, and
Portugal are set to implode. Ireland and Iceland already have – even though
Ireland is a corpse that is being propped up as if nothing is wrong.
The
US dollar is gaining speed quickly in the upwards direction now. The
deflationary storm that is the “name that shall not be mentioned” amongst
governments is ready to make itself very well known to the
world.
Precious metals got destroyed today. Look for that to continue if
this economic storm truly takes off.
The employment report comes out
tomorrow. I fully expect them to report a positive number to try and take the
edge off of things and take a few steps back from the cliff. A positive report
will mean nothing. What’s happening right now is far bigger than the employment
situation. It’s a debt and currency crisis.
Chinese Shanghai Composite Index: 2,995.31
(change of 8.31% from July 20, 2009 base
value of 3,266.92) Shenzhen Stock Exchange Component Stock Index (SSE):
12,169.48 (change of 9.06% from July 20,
2009 base value of
13,381.22) ________________________________________________________
Here
are today’s numbers for the economic indicator:
1) Gold = $1,063.20 2) Silver = $15.26 3) Dollar
Index = 79.97 4) Oil = $73.08 5) S&P 500 Index = 1,063.11 6)
3-month Treasury Bill yield = 0.08 7) 3-month OIS = 0.15
HEI =
32.19
(A value of under 100 indicates deflation, while over 100 indicates
inflation – as referenced to Sept. 12, 2008…the day before Lehman Brothers
collapsed)
