Saturday, November 06, 2010

Market Week in Review

S&P 500 1,225.85 +3.60%*


The Weekly Wrap by

*5-Day Change

1 comment:

Waves Of Carry Trade Investing And US Central Bank Easing Have Caused The Beast Of Global Corporatism To Rise From The Sea Of Humanity said...

It is quite evident from financial market trading this last week, that in addition to the Federal Reserve announcing QE 2, expanding carry trade investing provided seigniorage, that is created money, credit and investment liquidity.

This next week, rising risk aversion to European Financial Institution, EUFN, and sovereign debt of the periphery countries such as Portugal, Italy, EWI, Ireland, EIRL, Greece and Spain, EWP, as well as a rising interest rate on the US 30 Year Government bond, $TYX, will likely provide an unwinding of carry trade investment, as seen in debt deflation in the major currencies, DBV, and the emerging market currencies, CEW, world stocks, ACWI, the emerging markets, EEM, and bonds, BND.

I believe the world is passing from an age of prosperity into an age of austerity and hardship which will be market by the end of credit.