Henry Paulson at the Fed and company know it’s not time to rock the boat when there’s $415 trillion of derivatives in the market, predicated on low volatility and smooth sailing in the “global” economy. We all must bow down to the “global” economy and bend over to the mantra of “free trade”. No matter that China restricts all kinds of access to Western goods and services – and counterfeits the heck out of those it lets in. Yes, I know it’s impolite to criticize China for they are all goodness and light in the eyes of the intelligentsia who are already well ensconced with real assets there and have many other major deals pending. So much so that it has plenty left over to place with a key intelligentsia member named Blackstone – and maybe some others we don’t know about. There are no signs the Bank of Japan has entered the market for a very long time – it hasn’t needed too. read more
[Tags], global, currency, china, economy, dont, forex news[/Tags]
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