Update 2: US Dollar hits 15 month low..

Update 2: US Dollar hits a 15 month low, this as Geithner said in Tokyo today that we fully support a strong US Dollar. I wonder if he got more laughter? He has been ham handed on Dollar policy since March.

The dollar dropped to a new 15-month low as the the euro rose above $1.50 Wednesday morning, even as Treasury Secretary Timothy Geithner reiterated the administration’s stance that a strong dollar is good for the U.S. economy.Geithner, in a speech in Tokyo on his way to a summit of Asian finance ministers in Singapore, also said low interest rates and other government supports for the economy were still needed.

The expectation that the Federal Reserve will keep the key U.S. interest rate near zero has been weighing on the dollar. Higher interest rates make a currency more attractive for investors, since bets made in that currency can earn higher returns.

Against a basket of six major currencies, the dollar hit a 15-month low of 74.775.

“The momentum and the conviction that the Fed will not raise rates any time soon, coupled with the fact that the major central banks continue to provide liquidity liberally” means the “fundamental force” weighing on the dollar will persist, said Brown Brothers Harriman analyst Marc Chandler in a research note Wednesday….

China is making noises about letting the Yuan rise. This would be helpful to all the other economies whose exports are suffering as we let our dollar fall, they are trapped while the Yuan is pegged. Let’s see what shakes out. IMO it is a bad sign for the doollar. This would have been GREAT 5 years ago. Now it is a commentary on the weakness of our currency.

China sent its clearest signal yet that it was ready to allow yuan appreciation after an 18-month hiatus, saying on Wednesday it would consider major currencies, not just the dollar, in guiding the exchange rate.

In its third-quarter monetary policy report, the People’s Bank of China departed from well-worn language on keeping the yuan “basically stable at a reasonable and balanced level.” It hinted instead at a shift from an effective dollar peg that has been in place since the middle of last year

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November 9, 2009. Tags: , , , , , , , , , , , . Economy, Finance, Obama Administration, Politics, Taxes, Wall St. 1 comment.

Obama sets preconditions to meet with….Israel

Update at end of post

Oh good grief.

Is it possible he has just mixed up his allies and enemies lists?

WSJ:

The White House waited several days to confirm that Israeli Prime Minister Benjamin Netanyahu could meet with President Barack Obama Monday, and sought conditions first — underscoring the new depths of difficulty that Middle East peace efforts have reached in the last week.

U.S. officials said the delay, which stretched until late Sunday, stemmed from last-minute discussions aimed at gaining a more robust and public commitment to the peace track from Mr. Netanyahu. One official said the U.S. wanted Mr. Netanyahu to express stronger support for negotiations on an independent Palestinian state at his speech Monday before the Jewish Federations of North America in Washington. “We’re in the part of the process where you can’t expect something for nothing,” the official said.

It wasn’t immediately clear what Mr. Netanyahu would say on the issue. But ultimately the U.S. agreed to schedule the meeting…..

Obama wouldnt have known our NATO allies then if asked betcha and he had a CMTE on NATO in AfPak and NEVER HELD A MEETING and he is a snarky snarker with the tea slur aimed at Hillary, he has always had a thing against tea people ! and Obama DID later listen to dictators spewing anti American nonsense at that Latin Americas meeting I recall…he looks much younger here does Obama…

Update: So Obama set ‘preconditions’ on meeting with BiBi, and what did he get from his one on one meeting? What did his ‘Oneness’ produce that Hillary could not get? Nothing. Absolutely nothing. And he did not appear with BiBi to adoring cameras afterward because he got absolutely nothing…WSJ:

(…) Mr. Netanyahu didn’t offer any new commitment about Israeli settlements in the West Bank and East Jerusalem — which the Palestinians have demanded be fully stopped as a precondition for peace talks — or list any specific terms for holding new negotiations.

“We had an idea that he might bring something out to push the process forward,” one U.S. official said. “But he’s kept it in his pocket.” The official said the U.S. side had hoped Mr. Netanyahu would unveil a more detailed proposal for restraining the settlements.

The Israeli leader also appeared to resist U.S. pressure to give stronger support for discussions on an independent Palestinian state — the so-called “two-state solution.” He said he was committed to two states living side by side, but suggested that key Palestinian demands for negotiations over East Jerusalem and the right of return for Palestinian refugees wouldn’t be on the table.

U.S. officials said the White House had held off until late Sunday firming up Mr. Netanyahu’s meeting with Mr. Obama, in an effort to pressure the Israeli leader to take a more conciliatory line.

After the meeting Monday night, the White House issued only a brief statement saying the president and Mr. Netanyahu discussed a number of issues in the U.S.-Israel bilateral relationship, as well as how to move forward on Middle East peace. The two leaders didn’t appear together for the press after the meeting.

Palestinian and Arab leaders on Monday discounted the speech, saying it didn’t differ substantively from past addresses. Palestinian Authority officials reiterated that negotiations with Israel couldn’t resume without a complete settlement freeze….

November 9, 2009. Tags: , , , , , . Obama Administration, Politics. 1 comment.

SNL ‘Twilight’ Spoof

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November 9, 2009. Tags: , , . Comedy, Entertainment, Fantasy, Fiction, Film, Horror, Popular Culture, Sci Fi, Supernatural, Suspense, Twilight, Urban Fantasy. Comments off.

Zombie Bull Rides Again! Dollar drops, Dow roars plus Gooooold! hits another high

Goooooooooold hit ANOTHER high now up $7.5 to $1103.2, you know what that means…it’s Bassey time!

See Zombie Bull Ride.

Ride Zombie Bull Ride.

zombiebull

Ride Zombie Bull Market Ride!

Who will catch the US Dollar when Zombie Bull realizes he cannot afford to buy feed with his devalued currency?

American minds want to know. Since we LIVE in, you know, the dollar.

Moron market thinking really short term I do not see the future gazing markets of my youth at play here.

DOW about to close up 188.71 now 10,212.13

S & P up 21.85 – 1091.15

NAS up 37.06 to 2149.50

and of course all due to the US Dollar hitting a recent low IMO. 10 yr 3.48% Oil is up $1.75 to $79.18

Update: .DXY (US Dollar  Index) 75.04

November 9, 2009. Tags: , , , , , , , , , , , , , , . Economy, Finance, Obama Administration, Politics, Taxes, Unemployment Statistics, Wall St. Comments off.

tvaddict: On the set of 24 with Katee Sackhoff…

Our previous posts on Katee (and Leoben!) joining 24 here and here

Courtesy of thetvaddict:

On our recent visit to the set of 24, Katee Sackhoff recounted a very funny, albeit slightly inappropriate tale involving Edward James Olmos directing the direct-to-DVD BATTLESTAR GALACTICA video, THE PLAN

November 9, 2009. Tags: , , , , . Battlestar Galactica, BSG, Celebrities, Entertainment, Fantasy, Popular Culture, Sci Fi, Suspense. Comments off.

Photo Update: Real Winds of Change: 20 years. In speech Hillary calls for world ‘to confront those who murder and maim girls whose only wish is to go to school’ RIGHT ON!

091109_ClintonBerlinWall

British Prime Minister Gordon Brown (left), French President Nicolas Sarkozy, German Chancellor Angela Merkel, Russian President Dmitry Medvedev, German President Horst Köhler, Berlin's Mayor Klaus Wowereit, and U.S. Secretary of State Hillary Clinton attend celebrations near the Brandenburg Gate for the 20th anniversary of the fall of the Berlin Wall

Berlin Wall Freedom_0.preview

Telegraph:

“Our history did not end the night the wall came down,” Mrs Clinton told current and former European and US political heavyweights on the eve of the 20th anniversary of an event that symbolised the end of the Cold War. “It began anew,” she said in a keynote speech hosted by the Atlantic Alliance.

“To expand freedom to more people, we cannot accept that freedom does not belong to all people. We cannot allow oppression defined and justified by religion or tribe to replace that of (communist) ideology,” she said.

The chief US diplomat recalled how German Chancellor Angela Merkel, during a visit to Washington last week, spoke of the walls of the last century and “the less visible but equally daunting walls” of today.

“These are walls between the present and the future, walls between modernity and nihilistic attitudes, walls that divide our common heart, that deny progress and opportunity to the many who yearn for both,” Mrs Clinton said.

She highlighted the moment that Chancellor Merkel will on Monday walk through the heart of once-divided Berlin as a moment that “should be a call to action, not just a commemoration of past actions.

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Clinton delivers a speech in front of the Brandenburg Gate during celebrations marking the 20th anniversary of the fall of the Berlin Wall.

“That call should spur us to continue our co-operation and to look for new ways that we can meet the challenges that freedom faces now,” Mrs Clinton said.

“We owe it to ourselves and to those who yearn for the same freedoms that are enjoyed and even taken for granted in Berlin today,” she added.

“And we need to form an even stronger partnership to bring down the walls of the 21st century and to confront those who hide behind them: the suicide bombers, those who murder and maim girls whose only wish is to go to school,” she said.

“In place of these new walls, we must renew the trans-Atlantic alliance as a cornerstone of a global architecture of co-operation,” Clinton said.

ChicagoTribune:

(…)Merkel, who will host leaders including Russian President Dmitry Medvedev, British Prime Minister Gordon Brown and French President Nicolas Sarkozy, recalled that the fall of the wall Nov. 9, 1989, came as an utter surprise.

Germans were out in force along the former route of the barrier, inspecting 1,000 giant dominoes that will be toppled as part of Monday’s ceremony.

Mayor Klaus Wowereit said the project, in which children were among those to decorate the foam tiles, had helped underline the day’s importance for those too young to remember it…

091109_ClintonMerkel525

Hillary and German Chancellor Angela Merkel

Update: Courtesy of Sen Kyl (R-AZ):

“Moral clarity helped Ronald Reagan bring down Soviet totalitarianism during the 1980s, and it can help us bring freedom to Iran today.” -U.S. Senator Jon Kyl speaking on the Senate floor on the 20th anniversary of the fall of the Berlin Wall. November 9, 2009.

*photos courtesy of Foreign Policy Madame Secretary blog

*The Scorpions and the Berliner Philarmoniker Orchestra courtesy of eaglerocktv. More about the Scorpions after the break:

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November 9, 2009. Tags: , , , , , , , , , . Hillary Clinton, Politics, Popular Culture, Terrorism. 1 comment.

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