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Saturday
Oct042008
A Comic Banker Explains How The Markets work!
For some light relief watch this short video of a comic starring as a British Banker explaining just how the markets work. We were in tears! It’s funny and extremely close to the bone.
Sometimes it takes a comedians take on a subject to bring it into focus. We would like to thank YouTube for providing this video for all to view.
Have great weekend.
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Reader Comments (2)
Its a excellent video!
By the way: Im finding several signals about a boost on gold. 1.- a lot of american and international retailing physical gold traders are out-of-stock and are taken measures to attract new gold sellers (mostly gold coins holders) 2.- The U.S.treasury mint are depleted its existences and stopped more selling, 3.- Several central banks (Germany, US, Japan) are erasing any future plan to sell more gold. 4.-Forex analist are foreseen a 6-10% USdollar drop in the short term.
Against that: a foreseeable drop on inflation, given the slowdown of the world economy.
There is also increasing talk of another interest rate cut by the Fed (which normally should boost gold prices). When it might happen is the question. The next Fed meeting is scheduled for Oct. 29th though some suggest a cut could happen sooner.