The US three month treasury bill is the whole ballgame. Put it front and centre on your screen and don't take your eyes off it for a second. Gold is up at $898 right now, but be clear: It's not acting as safe haven, it's reacting to the T-Bill action (told you why before).
Excellent commentary on the unfolding US financial drama at Brad Setser's Follow The Money blog. The two latest two entries are 100% required reading, as Setser is on the leading edge of the analysis. Total kudos to the dude.
Bovespa (down 6.1%) and Merval (down 5%) and all the rest of the locals are being taken to the woodshed.
Mercado Libre (MELI) down 11%
Freeport (FCX) down 11%
Petrobras (PBR) down 11%
I could continue..............
Excellent commentary on the unfolding US financial drama at Brad Setser's Follow The Money blog. The two latest two entries are 100% required reading, as Setser is on the leading edge of the analysis. Total kudos to the dude.
Bovespa (down 6.1%) and Merval (down 5%) and all the rest of the locals are being taken to the woodshed.
Mercado Libre (MELI) down 11%
Freeport (FCX) down 11%
Petrobras (PBR) down 11%
I could continue..............