Stephen Roach on China
By Barry Ritholtz - October 28th, 2009, 1:00PM
The market does not beat them. They beat themselves, because though they have brains they cannot sit tight. ~Jesse Livermore
Macro Notes
CFTC data, euro net shorts fall 38%Peter Boockvar
According to the CFTC weekly data for the week ended Tuesday, net shorts in the euro fell by 38% from last week's record high and are now at a 6 week low. Net shorts in the pound moved up a touch to just shy of its record high. Net longs in the Australian$ rose to the most since May '08 and net longs in the Canadian$ rose to the highest since Nov '07. Gold new longs fell to a 4 week low. Net longs in crude rose 14% and are just 12k contracts from a record high dating back to...
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October 28th, 2009 at 4:05 pm
Stephen Roach, and thousands of global elite just like him, think that making $tens of billions off the Chinese peasantry has been a wonderful thing. What a shocker!
October 29th, 2009 at 8:14 am
You know, when you pay the people almost nothing you’re going to make a lot of $$$. The same thing has happened in the U.S. I was making $10/hour in 1980 ……. now, in 2009, I can’t even find a job for $8.50 an hour. WAKE UP PEOPLE, vote with your wallet, put your wallet away & do not purchase what big business peddles. ……. Big business only wants you to BUY from them, but you are not good enough to employ. Starve the beast.