Le Marteau's Journal: An economic perfect storm

I'm not saying it was Obama's fault. All I'm saying is the market is factoring in the effect of an Obama win.

When you have the words, "Marxist" and "President" being genuinely used in the same sentence, would you expect anything less? Would one expect the market to leap when those terms are being used? As the certainty of an Obama presidency has increased, the value of the market has decreased, in an almost amazing alignment.

My best guess is that we are seeing the intentional trashing of national currencies. Expect there to be calls for the dollar to go the way of the dodo, and for there to be a global currency.

A New World Order

Crazy currencies & markets

[tqft]

From 1AUD = USD 0.99 in June to 1AUD = USD 0.61

Warning site may be crap but showed up early in google
http://www.x-rates.com/d/USD/AUD/graph120.html [x-rates.com]

So if I wanted to but USD100 worth of stuff it would now cost me 60% in AUD - because our banks are less screwed up.

I don't one world currency is going to appear as if by magic or even by presidential/government decree.

Try this for a worse case scenario: world agrees agree a financial treaty that would reign in excesses and force oversight on the OTC markets - sw

Hmmmm

[Captain Splendid]

Markets drank the koolaid:

http://www.bloomberg.com/apps/news?pid=20601087&sid=aRmtwBXAXv.0&refer=worldwide [bloomberg.com]

Re:

[Le Marteau]

The Dow Jones Industrial Average rose 305.45, or 3.3 percent, to 9,625.28

yawn