Wachovia gets $7bn cash infusion – US banks safe for now as counter trend bear rally continues for the rest of the year
Sandra Simons
Apr. 14, 2008

The US economy will surprise all and banking crisis will halt suddenly. The second counter trend wave is ready to make things look good for the rest of the year.

Wachovia Bank gets $7bn cash infusion. The bank says it will raise several billion dollars in new capital from outside investors to shore up its balance sheet amid mortgage losses.

The move is similar to other banks like Citigroup, Washington Mutual and so on. The trend is to control the damage with fore hose of raw cash. The immediate effect is positive on the economy, US stocks and US Dollar.

US Dollar is launcing a new long term bull market while US stocks are in a cyclical bull move within a major bear cycle.

Wachovia gets $7bn cash infusion – US banks safe for now as counter trend bear rally continues for the rest of the year
Sandra Simons
The US economy will surprise all and banking crisis will halt suddenly. The second counter trend wave is ready to make things look good for the rest of the year.
READ MORE>>

The raging bull in US Dollar confirms its status as G-7 indicate they won't sit by and watch the dollar continue to slide
Karen Zuba
The fundamentals changed finally decisively when world's major economic powers issued a warning to financial markets Friday that they won't sit by and watch the dollar continue to slide against other big currencies.
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The econometric, quantitative and analytic models are all showing signs of life again. The gloom and doom that we were predicting for the last two years have finally come. The US economy touched the major depression.
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Should Presidents in US after leaving office be allowed to earn millions through speeches and controversial hidden deals- is it perform now we will pay you later?
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Putin warns NATO on Russian retaliation on new members and missile defense systems
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A better than expected factory orders ready to surprise most of the economist – bullish for dollar, real estate and stocks
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The rally in stock market will be short lived although it will be fierce. It is a cyclical bull rally within a nasty secular bear market that started in 1987. The US Dollar is in a new long-term bull market.
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