Thursday, March 13, 2008

the USA no longer the buyer of last resort

For Kristine the call girl that was implicated in the New York Governor, client number 9 scandal I have one question, do you have a stock broker?

Although there is still suspicion out there that the current financial crisis in the credit markets has more to go.The FED move has managed to shift fears from financial crisis more to an inflationary spiral, with a plunging dollar leading to higher energy and food prices. Inflation seems to be a global contagion manifesting itself from many quarters especially China.

While most are focused on the dollar, with booming middle classes in China, India and Brazil this blogger has long felt that there is a global shift where the USA is longer global buyer of last resort and will for the first time since world war two become more of an export and production story.

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