Tuesday, August 2, 2011

Debt Ceiling and Gold

Debt ceiling - now that US congress voted on it what's next? Expert says that investors would start looking at other economic catalyst such as job reports. The news is grim. Looks like we will have a 'ghostly' August.
I like what one of the US congressmen said - 'white house is systematically broken'. Maybe Obama tend to loose control when pressure on him is on the level which other presidents handled perfectly (or not so perfect). But the end result of the impasse on debt ceiling made the Chinese happy as they bought most of the US debts.

Gold, gold, gold - I made some coffee money in MA. Better than nothing. I bough some PNB, SLI, LIB and BEL stocks. Of course, I still have my MP-Ayyy...

No comments: