Sunday, June 27, 2010

This will be a very important week with lot of bad data coming out.

A critical bill that was unable to pass this past week was the extension of unemployment benefits to millions of Americans currently collecting a $1,200 average monthly stipend from the US government for sitting on their couch and not paying their mortgage. As a result of this huge hit to endless governmental spending of future unearned money, the WSJ reports that "a total of 1.3 million unemployed Americans will have lost their assistance by the end of this week."

The Germany electing a new president which may affect the Euro on 30 Jun3 2010.

The Military movements in the Middle east will be very clear by this week too.

The G20 meeting outcome which is not important will show the world how united we are.

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