NEGATIVE WORLD EVENTS THIS WEEK
A.K.A. - PICK A BLACK SWAN
American Durable Goods Orders below expectations.
Japanese Credit Rating down graded.
Great Britain GDP 4th Quarter contracts.
U.S. home prices fall to 8-month low.
Civil unrest in Tunisia and Egypt. May spread.
Indian central bank raised benchmark interest rate.
Singapore CPI rose 4.6% in December from one year earlier, raising expectations that the central bank will adopt anti-inflationary measures.
Brazil’s annual inflation rate rose to 6.04% … central bank expected to raise interest rates further.
German import price inflation rose to 12%, the highest since 1981, on the back of commodity price increases.
Moody’s raises the prospect of downgrading America’s AAA credit rating.
No wonder the Vix (the Fear Index) blew a gasket last night.
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