Gregor Weekly Macro Note: Saturday 12 September 2009

• Gregor Macdonald
• September 12th, 2009

Symbolic September has crammed all sorts of meaning, into just two weeks. Between the US and China, we’ve got everything from a whispering cold war in Gold-Dollar-Yuan, to a hot war in drilling pipe and automobile tires. Between Japan and the US, we’ve seen a change election sweep a new party to power, led by politicians who throughout the past year complained quite openly about Japan’s accumulation of US Treasuries. Between Iran (and also North Korea) and the US, it appears the first diplomatic talks will occur in how many years? Must be at least four decades. However, within the US body politic, diplomacy has broken down somewhat as elected legislators have resorted to shouting. Meanwhile, the US populace, given high unemployment and nearly two years of economic decline, still seems strangely quiet on the whole. One wonders how long that can last.

The reflationary blast-off continues but note that the model portfolio …(this article continues for subscribers through the membership gateway, on the right side of this page.)

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Tickers: China, gold, political-risk, Russia, silver, social-mood, Trade, USD, UST

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