Bad economic day...

[NoKingGeorge]

With the dollar falling against the Euro

http://www.boston.com/business/markets/articles/2003/11/26/dollar_drifts_lower_versus_euro/

The stock market heading down before lunch

http://money.cnn.com/

Mortage rates inching up

http://money.cnn.com/2003/11/26/pf/yourhome/mortgages.reut/index.htm

Further down in same article we see that home sales fell 4.9 last month.

A recent poster here(Junker) may have put the pieces together earlier than some.

(where's gold?)

[Maple]

1. Gold is currently at

397.40

[Petrodollar Warfare]

2. I'm interested in Oct's foreign net-inflows...

...if it looks likes similar to Sept $4.2 billion, then things are going to get interesting. How long can the Fed keep rates this low?

I just can't figure out the recent GDP figures, increased corporate profit margins, lower job claims, higher consumer confidence, while the dollar is still falling, gold is rising, the deficits are growing and the "kindness of strangers" that held us afloat this long may be drying up...Just seems the whole US financial markets are broken beyond comprehension. Time will tell, but if anyone reads data about Oct's foreign in-flows for US instruments, please post, thanks.

[will work 4 food]

3. Impact of declining US capital inflows

Impact of declining US capital inflows
By Hussain Khan

TOKYO - The wide range of declining currency inflows into numerous types of US financial assets makes it almost certain that the dollar, beset by global security concerns, trade-war anxiety and the crushing weight of the twin US current-account and fiscal deficits, is heading for a serious plunge against other currencies.

The declining inflows, if they were to continue beyond the current month, would ripple ominously across the globe. A substantially cheaper dollar means serious trouble for the export-led economies that have traditionally depended on the United States as importer of last resort, making their goods more expensive. It is already causing a feeding frenzy in the shark-like world of currency traders, who have the ability to wreck entire economies through currency speculation.
<snip>
http://www.atimes.com/atimes/Global_Economy/EK22Dj01.html

[junker]

4. from sources i have...

it looks to be a net outflow...on order of over 6 bil. Just the start.

Also repatriation coming from chinese using inflated dollars to buy anything and everything they think that they might need for the next few years. They are dumping dollars on stock piling....as one of two methods of getting rid of them. The really ironic thing is that they are buying a lot of their gold with dollars from our Gold Cabal that is selling gold from Ft Knox et al illegally just to 'mop' up some of the dollars.


Gonna be a very very very interesting weekend leading up to a seriously tense financial week.