U.S. Economy Grew 2.4% in Second Quarter, Below Forecast By Timothy R. Homan – Jul 30, 2010 6:41 AM MST
Growth in the U.S. slowed to a 2.4 percent annual rate in the second quarter, less than forecast, reflecting a larger trade deficit and an easing in consumer spending.
The [...]

Wall Street edges lower as investors mull slow recovery CIGA Eric
Stocks fell on Friday, rebounding for a second day in a row from more substantial losses, as concerns about slower economic growth held trading to a tight range.
Do not associate a technical sell-off with any significant economic conclusions. The direction for stocks, [...]

Dear Monty,
China knows the evil of over the counter derivatives. They handle substantial financial fraud as a capital crime.
Going forward, listed derivatives with a clearinghouse function, margin requirements and standardized contract points can exist without endangering either China or the world. China has no significant backlog of the OTC type weapons of mass financial destruction. [...]

Dear CIGAs,
"Currency Induced Cost Push Inflation" cannot be avoided. It will happen overnight as confidence in currency breaks. All of this has happened before.
There was a major dollar rally in 1931 as many European countries defaulted on their debt. The dollar looked outrageously bullish as a mirror image of the weak European currencies. The [...]

Dear CIGAs,
Click chart to enlarge today’s hourly action in Gold in PDF format with commentary from Trader Dan Norcini