Data out this morning shows...
1. German IFO booming...
2. Europe growing strongly...
3. Asia growing strongly...
4. No Eurpean interest rate cuts...
5. Inflation to remain strong and well above ceiling throughout all of 2008 in Europe, China and Asia
6. US still in a hole and based on yesterdays data, the hole is getting steeper...but is not impacting the rest oif the world...Americans can't bring themselves to accept or work out that they are no longer the cntre of Universe.
7. No one wants US dollars...everyone wants gold
:)
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