Today is the first day of the NYSE's operation after the big down closes of Asian and European markets on Monday and last week. The US markets are expected to follow suit and nothing says that they won't. Bush unveiled a new tax cut program which is asinine considering the woeful state of the American economy.
Attention has been paid to our large national debt and budget, and the practices of our Federal Reserve, and they are called 'problems'. Maybe they can be less of a serious problem before this event.
The dollar has been sinking lower against most other countries, after correcting Canada to the USD before having sunk to 0.90/CAN.
The president is to be seen accurately by the public as the rally-master with the whip, while the real rulers are big money heads, bankers, and their associated generals. As money began to seriously reign after the Great Depression and WW2 restoring and flooding our economy after a long and difficult war, producing a condition just right for making the babies, the military industrial complex came into being, showing the military's subservience to and new corner office in the American and later global economy.
I expect US stocks to be down ~600 points today, at this fractal tree condition, and probably not be frozen by the central bank.
Monday, January 21, 2008
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