All eyes to the GDP report

The mark to start the recession period is here, most of the wall street traders think its too late to even consider the start of a recession, the path has long begun before the first stimulus plan to initiate a tax rebate, all the money they put in temporary can boots the gdp figures and earnings but the effects are weary when the banks hoard and flee to the feds for even more money as they cannot even supply the withdrawal from depositors.



There are many news report predicting what the feds will cut, but in my book it is never significant as first the figures are mostly just a mere forecast and bench mark, it is not the actual lending rate, if one would keep a close eye, they would have to see the LIBOR and the loan term, the longer term sold the more chances that bankers are loosening a bit. The feds rates onli mark the movements in the financial floors and does not have a mind of its own, the onli difference it makes now is that it does not affect LIBOR, Libor is in frenzy mode so is the Index.

What we going to look at is how the dollar rally can sustain, if things are going to continue to unwind, dollar rally is going to be stronger but it is going to loose the steam once, things start to look a bit better and when the housing price has a bottom