Sunday, July 24, 2011
Asia Markets Down Fractionally
Asian markets are down less than 1.0% despite news that no debt ceiling agreement has been reached in the U.S.
Globally, no one seems to be taking the possibility of an extended default by the U.S. government seriously.
When it comes down to it, the world knows the ceiling will be increased and that Fed chairman Ben Bernanke has his helicopter ready to buy up any new securities the Treasury starts to issue.
Inflation is the real fear, and that is why gold is at a new high all tine in Asian trading.
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July 24, 2011 at 10:31 PM
it's also at a new all time high in the US markets also although off it's highs
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