The
Feds want to “allow” the banks that hold the retirement accounts of average
“Joe’s” to use the money to buy toxic Mortgage-backed securities.
Have I
mentioned that now is a good time to hold cash (in my
opinion)? ______________________________________________________
Watch
for these indexes to drop:
Chinese Shanghai Composite Index: 2,985.50
(change of 8.61% from July 20, 2009 base
value of 3,266.92) Shenzhen Stock Exchange Component Stock Index (SSE):
12,224.60 (change of 8.64% from July 20,
2009 base value of
13,381.22) ________________________________________________________
Here
are today’s numbers for the economic indicator:
1) Gold = $1,092.60 2) Silver = $15.61 3) Dollar
Index = 79.99 4) Oil = $75.28 5) S&P 500 Index = 1,078.47 6)
3-month Treasury Bill yield = 0.09 7) 3-month OIS = 0.16
HEI =
33.86
(A value of under 100 indicates deflation, while over 100 indicates
inflation – as referenced to Sept. 12, 2008…the day before Lehman Brothers
collapsed)
