"dink" i understood everything and the translator doesn't work for me either (Cristina is repairing for me her traslator because nobody understand her even in Spanish).
Today, Mr Buffett made clear that also reads this board and said: "... is possible that unemployment could reach at 11%"..., which is why it might be need a second stimulus package" Buffett has said that Americans have suffered "a shock to the system" by the economic difficulties the last quarter of last year, but now have begun to rebound blablabla... "WE AREN'T IN A FREE FALL, BUT NEITHER IN A RECOVERY.." (he copied the same words from here...incredible) (in the program Good Morning America on ABC) ----------------------------- So, going to the numbers...beloved President: You say stagflation and the argentines know what it is.
Obama said: jobless above 10%
Buffett said : may be 11%
BAC said: if the jobless climb above 10% our credit cards must be paid by the Chinese or some Martians who believe in our treasury bonds..
your cousin is recovering but...if stop the speculation on OIL and commodities (i also read that)...i 'll translate as follows: Those prices(commodities and OIL)'ll drop much more and the happy Chinese will continue to accrue reserves to support their YUAN and TREASURIES some more time. No doubt China is the current partner and the US boss. Henry Geithner exchanged low prices hurting EXXON, TEXACO and IOWA / NEBRASKA to help his Wall Street partners.
The other companies of Mr Market have to fix as they can.
In fact, China has suspended -ten days ago- purchases of soybeans (poor Brazil and poor Argentina) and in this way we are going to see all stock prices back to support your and Buffett idea. Why the Chinese closed the purchase of grains? Very simple and easy answer: because they gonna buy cheaper during stagflation.