Morning Audibles 9.24.10

Once again, futures are green, (and gold & silver are at ALL TIME HIGHS) on the BOJ's latest effort to intervene & "fix" the appreciating yen... Mr. Market is basically telling them to "stick it where the RISING SUN don't shine"...

In other "FIXING" news...

Obama asks Wen for more action on yuan

http://www.reuters.com/article/idUSTRE68L5K120100924

EXCERPT: "So the president made clear that, through that and in his meeting, that he's going to protect U.S. economic interests and that we look for the Chinese to take actions. If the Chinese don't take actions, we have other means of protecting U.S. interests," Bader said."

Here was the response from Wen Jiabao...

Which prompted Obama to remind everyone that he was a Nobel Prize winning/POTUS who doubled as a martial arts master himself...

So stay tuned... Or, if you're not into blood, guts & violence, just tune in to the United States Congress who basically stands around and gets paid to do nothing after their month long vacation in August... After deciding not to pass a 2010 budget back in July, they have decided not to worry about the issue of the Bush Tax cuts either (until after the elections - which will basically get them to the Thanksgiving & Holiday break)...

No tax cut vote before election: Democrat

http://www.reuters.com/article/idUSTRE68M3AL20100923

Excerpt: "The Senate will not vote on renewing Bush-era tax cuts before the November elections, a spokesman for the Majority leader said on Thursday, as Democrats face internal divisions and potential Republican obstacles..."

Obstacles obstacles... Seems all around the globe, everybody's KUNG FU fighting these days...