EconomyWatch.com

The Euro was sharply down Friday 22 April 2010 thanks to more bad news from a source that most traders are getting pretty bored to talk about: Greece.

It's far too early to say anything definitive, of course, but we couldn't help but be struck by how quickly major structural components of our analysis of the Goldman / SEC fraud case have already been confirmed by unfolding events in Washington.

There remain at this point many more UN-answered questions than certainties about WHAT the SEC's – and Obama's – "Goldman gambit" means. It could be the beginning of a far-reaching change in the whole way Washington handles Wall St - or not.

All too often, the main stream media uses bad assumptions based on unsound economic analysis to describe what is happening. Portugal is the next victim of this flaw.

Can Wal-Mart do what it is has done to countless other industries, and transform them by squeezing costs out of the supply chain?

China's Balance of Trade slipped into deficit in March 2010. As well as signalling steam coming out of the Chinese economy, it may signal steam coming out of bumble-headed arguments around the value of the reminbi.

A source from within GE - one of the most allegedly respected companies in the world - , says that GE's earnings were deliberately manipulated by guru Jack Welch, and his successor Jeffrey Immelt.

One of the things we emphasise is the unique structural position of the US in the world economy. This inbuilt advantage will help the US Dollar on a bullish run this year.

The entire regulatory apparatus allegedly keeping an eye on banks / hedge funds / large corporations et al were actively complicit in allowing them to get away with, literally, murder, at least in the financial economic realm.

Greenspan claims no one saw the crash coming - but that is simply not true. Fund Manager who saw it and protected his clients asks why.