China it appears has stopped just talking about action against the United States and started to back it up with action, as they sold Treasuries in December.
http://www.businessinsider.com/foreign-demand-for-government-bonds-suffers-worst-ever-drop-as-china-and-japan-jump-ship-2010-2The market right now likes a weak dollar so the weaker the dollar, the more the stock market goes up. For instance when Europe was going into a free fall the last two weeks, dollar up, stock market down.
Terrorism towards banks strikes Greece. Not surprising. The Europeans have had a far less tolerance of their elites in the 20th century than the Americans.
http://www.businessinsider.com/breaking-bomb-explodes-at-jp-morgan-branch-in-athens-greece-2010-2Those toxic assets, keep getting, well more toxic.
http://www.businessinsider.com/amazingly-the-worst-subprime-toxic-junk-is-still-getting-worse-2010-2The flipside to a falling dollar, rising commodity prices, including the stuff you put into your gas tank to get to where you need to go.
http://www.businessinsider.com/gold-oil-and-copper-are-on-fire-as-the-dollar-gets-kicked-in-the-gut-2010-2Can't say what the rest of the country is doing, but NY,NJ, and CT are headed for a double dip.
http://www.businessinsider.com/new-york-fed-its-clear-the-economies-of-new-york-new-jersey-and-connecticut-are-shrinking-again-2010-2Credit card defaults at one lender still going up.
http://www.businessinsider.com/capitol-ones-credit-card-charge-offs-and-delinquencies-jumped-again-in-january-2010-2Oh and Greece is still a mess no one knows what to do with, and there are way too many articles to link. Let's just say everyone is sure they are getting some sort of bailout but no one knows what the hell the details will look like. Ignore Greece, look stateside at state debt and municipal debt. That will bite us in the ass more.
Basically too much shit going on after a Holiday.
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