The G20 and World Central Bankers League have been pushing the World economy out of the hole of depression from 2008. The Lehhman Crisis culminated into the Landmark of its Own. While US interest rate buried underground, the ' Free Money ' streamed into Hard Assets and New Gold Investment Wave is ebbing the world. The American easing and Housing Crisis: emboldened $ bears to press the panic Button on $ as Reserve Currency. While barley 15 months ago Euro was pampered to replace the greenback. The fall in dollar had counter effects on Inflation rising and thus devaluation of all other currencies followed the lead, last year. Which in turn created the another crisis in Euro and particularly cracked the weaker areas of Euro zone. Here came ' PIGS '. The rattle has now turned into a Roar.
A thunderstorm had mean while struck the Central Asian politics. Upheavals in Tunisia, Egypt, Libya, Syria, UAE, Pakistan, Indonesia. While, the Brutal Force of nature hit the Japan, Australia, Indonesia, Peru, Chile and Pakistan. The War in Afghanistan is besieged. The tensions in Iran-US still threaten to blow into a war..?
India stifled by the Inflation, the government is rattled by the Corruption. The opening of retail remains impasse in vogue.
The 23rd June Joint Action to release the Crude Oil Reserve's successfully derailed the Oil ' rally '. The Rising Bond Market yields is now beacon of the near future. Which is flashing fully Red.
While, China and India are slowing down rapidly. Raising Alarms and Flashing the signals of Global Slow Down. The pace of slow down and its impact is exerting from Europe.
Will Europe disintegrate..? Will Euro as Currency disintegration be averted and ' Risk ' trade .?
How all this may impact on the Half on S&P 500, dependent on World Trade shall be..?
Next Week, Market will look into future and will Watch the European in Hectic activities.
Merkel - Sarkozy Pact , Timothy Geitner's European Meetings, ECB Meet Thursday, Mario Monti's Italian Budget, Greek Budget and Finally Euro Parliament on Friday may draw Curtains on to Whether Greek remains in Euro Zone. It Seems that resolution is Whether Whole of Europe will suffer from the Either a Surgery or a Contagion of Debt. In short, next week shall be the week when Europe decides How to Suffer.? and Bear the pain. It seems French want it Slow Death and Germans want a Surgery..!
In either case risk may take a dive in the Sands of Atlantic... and Across the world.
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