Monday, September 5, 2011

August 18th

Not any good news out there today....10-year is at its lowest its ever been since the Great Depression, which is only good if you have equity in your house and are looking to refi....besides that, today's gonna be bad, so strap on your boots....other news Morgan Stanley downgraded world economic prospects on the ever increasing chance of a recession in Europe, along with a bumpy recovery in US, which they say both will impact China (especially since they rely on exports.....does this mean we see China turn from an export country to a "consumer" country, and let its currency increase in value....only time will tell, but I don't think China is smart enough to see the long-term benefit

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