AndrewBaker

Wall Street Breakfast: Must-Know News

Now nearly all the reports are pessimistic, and the only thing that surprises me is that it took so long. There can't be too much hot air left to blow this market back up, though no doubt there will be an attempt, and more people by the day are realizing that there is a big gap between Main Street man and boss man: boss man has looked out for himself whilst hiding the truth from everyone else, but he can't pontificate effectively any more because so many of us now know about his tricks.

It'll still cost us all a lot before we truly recover, but maybe going forward with more clarity will help us. We must not continue to be run/governed by the rich and powerful elite that runs so much of the world yet does so little for it in return for all they take out for themselves.

Wall Street Breakfast: Must-Know News

It seems now that the fate of the world economy going forward depends as much on China as it does the US. Given that China has such large dollar holdings and needs exports to the US and western countries to provide the required internal growth, as it is not yet sufficiently self-sustainable, there is a mutual financial symbiosis that requires improved economic circumstances in the US to keep China and other emerging markets in a growth pattern.

In short, we have to pat each others' backs and help each other along: one country cannot do it alone. Given that US finances are still not anywhere near improving, I suggest that when US markets fall back, which could be delayed until after the end of summer vacation time, the emerging economies will do so also. When these economies fall, especially China, they tend to do so very quickly and in greater numbers; so keep watching those overseas investments that you have to make up for a weak dollar. And be sure to be first out when the time comes: there will be some fast movement of funds home then.