Last night the FED minutes acknowledged the sluggish economy but made no mention of any QE3 - so today the USD is up and resources are down.
Everyone is expecting lower growth figures from China on Friday, but how low???
The Germans are not happy with being loaded up with all the bad debts from the credit card junkies. German court action is in play and may stop Spain, Italy, etc from escaping from their bad banking debts and avoiding bankruptcy.
China has just taken possession of disputed oil reserves in the South China sea with its military. Japan and others are spitting chips over it. There seems to be only two choices - let China have it or war.
Then there is the middle east conflict, the US debt crisis, the global slowdown and high Aus dollar....
