In part, the Gold Bugs and the Libby-cons who think the system is falling apart. What I suspect is happening is that the system is doing nicely thank you, it's only the domestic economy that's falling apart. As planned. BTW, last nite Sclumberger had a Semi headline claiming that the deal where US Micron buys the memory assets of SK Hynix had been ok'ed by creditors but it's been rejected by co. board. In one quote a guy said MU stock was overvalued and it was a bad deal. I know the union was protesting it all along. Perhaps Asians see the inflow of Western dollars buying up depressed assets more clearly. I would love to get a transcript of that board meeting. Despite today's totally spun market gain, well, look out below.
The US govt had to sell bonds in April for the first time since 95. What a mess. I'm waiting for O'Neil's testimony on Wed. Will he make a "mistake" and say something that will resume the dollar slide?