Sunday, January 13, 2008

Sun night update

Asian markets are up, Dow Jones futures are already up 35 (down 12 in the last few minutes). Gold is 900 while the yield on the Treasury bond fell 9 points to 3.79%. Higher gold prices, among other things, are bets on lower yields in the US which will drive more gold buying.

On Bloomberg, I just heard a Hong Kong economist predict Chinese growth may slow, helping them fight inflation pressures. Since China runs a trade surplus of over $300B with the US, his prediction gives signals for the US business outlook.

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