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Interpretation: The euro is making the US dollar look good but even the flood of buying US bonds won't help the US economy or its debt. So, a temporary spike in the US dollar is to be expected. Stock markets go sideways for the short term.

Aside: In my neck of the woods in San Diego, price of gas continues to crash down for about the last 30 days. Now $3.41, inexpensive for here.

1 posted on 12/17/2011 12:49:59 PM PST by Razzz42
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To: Razzz42

2 posted on 12/17/2011 12:52:05 PM PST by Razzz42
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To: Razzz42

Got gas at Costco here in Oregon for $3.12....lowest it’s been in at least 2-3 years


3 posted on 12/17/2011 1:15:53 PM PST by goodnesswins (Merry Christmas Merry Christmas Merry Christmas Merry Christmas Merry Christmas)
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To: Razzz42

I’m a bit weak on my bond knowledge - but if there is high demand for bonds then I assume the price goes up and therefore the rate of the bonds go down. I would hope that the govt is taking this opportunity to recall older bonds with higher interest rates and replacing them by selling new bonds at lower interest rates....but for some reason I doubt this is happening.


4 posted on 12/17/2011 1:40:07 PM PST by reed13k (For evil to triumph it is only necessary for good men to do nothing.)
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