Thanks JKM. Good read. I also followed the link though to his comments about the conference. I thought these were intersting:
"Q: View on China They along with UAE are in a dollar panic trying to get rid of dollars they have. China is raking in $100 million dollar PER hour with $1.7 trillion in the pocket. China's actions speak through the fact that they mended century long borders disputes with India and Russia. They are too busy getting rid of dollars to play war games right now.
Q: Obama vs McCain Makes no difference. US GDP was $11 trillion in 2004 while World GDP was $35 trillion. Now it's $13 trillion vs $55 trillion. Percentage-wise US influence has decreased from 33% to less than 25%. US influence globally is quickly becoming irrelevant."
Another comment was that the UK had got what it wanted out of the Iraq war. To again be the financial centre of the world.
A consistent theme there regarding the US. Perhaps the world has changed.
OXR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
