Brazil is getting ready to raise interest rates 2.25 points.
China's stocks fall to six month Low.
Japanese stocks fall
Stocks, Commodities drop on debt-contagion concern;
The Rand drops first time in three days on commodities.
What does all this mean? It means that the EXPERTS on the boob tube who are telling us that things are getting better either don't read the financial news or they are just flat out lying to us.
There are hard times coming to America as the global financial world melts down, just as Gerald Celente of the Trends Forecaster warned. As the song goes;
So People Get Ready, the trains a coming.
U.S. Stock-Index Futures Retreat as European Debt Yields Climb
Monday, April 26, 2010
April 27 (Bloomberg) -- U.S. stock futures fell, indicating the Standard & Poor's 500 Index may drop for a second day, as growing concern Europe's debt crisis is spreading overshadowed better-than-estimated earnings.
Alcoa Inc. and International Business Machines Corp. fell as Greek and Portuguese bond yields soared on concern the countries will default. Boston Scientific Corp. dropped 4 percent after writing off $1.8 billion in costs related to a recall of its implantable heart defibrillators. Goldman Sachs Group Inc., Wall Street's most profitable firm, slipped 1.2 percent before a U.S. Senate hearing on its business practices. FULL STORY
Don’t Look Now But Greece Bond Contagion Is Spreading
Much postulation in the past couple of months about how ‘bond market vigilantes are dead.’ I think those that believe that ought to ask the governments of Greece, Portugal and Ireland. The cost for funding their ever-increasing debt is going parabolic. FULL STORY