Barron’s Michael Santoli discusses what market patterns to expect in the closing days of 2008 and the beginning of 2009.
12/29/2008
In any great organization it is far, far safer to be wrong with the majority than to be right alone. —John Kenneth Galbraith
Asian currencies continue to sell off vs the $ on the heels of the news yesterday that South Korea said they will look into hot money inflows stemming from the $ carry trade and the Bank of Indonesia said they are looking into the foreign buying of bills. This follows the news a few weeks ago that Taiwan was limiting foreign deposit holdings and Brazil was taxing foreign inflow transactions. As I mentioned yesterday, we may have reached a short term pain threshold in terms of $ weakness and foreign countries are fighting back as they certainly won't wait for...
read more »
December 30th, 2008 at 10:08 pm
Sound problems on Debian/Iceweasel(Mozilla).. Sounds like it’s channeling a red Lectroid via the 8th dimension.
December 30th, 2008 at 11:12 pm
Sound works fine on Ubuntu/Firefox, but all Barron’s video halt after about 5 seconds. It’s not Flash that has an issue, works fine everywhere else.