Here are 2 very important Global Events that have occurred:
IMO these are the announcements we were waiting for!!!
1) WTO overcomes last-minute hitch to reach global trade deal:
http://www.cnbc.com/id/
"The World Trade Organization reached its first ever trade reform deal on Saturday to the roar of approval from nearly 160 ministers who had gathered on the Indonesian island of Bali to decide on the make-or-break agreement that could add $1 trillion to the global economy. "
First Ever!!!!! WOW Talk about leveling off the Global Playing Field
2) Tough’ Volcker Rule Coming Next Week:
http://hereandnow.wbur.org/
Better article: Lew Says Volcker Rule to Prevent Repeat of London Whale Bets
http://www.bloomberg.com/news/
and the explanation:http://www.ft.com/
Mr Lew said the newly completed Volcker rule, which bans proprietary trading and will be voted on by regulators next week, along with stronger capital and liquidity requirements and plans to wind down failing banks, had made the financial system safer and stronger."
The Volker Rule will protect depositors money that is deposited into Banks ( not investment firms). When we exchange, our money is protected. So forget all of the fear mongering that has been occurring. The Banks cannot risk it.
Now let's be smart about this. The Vote has already occurred and Tuesday December 10th is just a formality, Just like back in July when the same groups voted on Basel III.
IMO these are the announcements we were waiting for!!!
1) WTO overcomes last-minute hitch to reach global trade deal:
http://www.cnbc.com/id/
"The World Trade Organization reached its first ever trade reform deal on Saturday to the roar of approval from nearly 160 ministers who had gathered on the Indonesian island of Bali to decide on the make-or-break agreement that could add $1 trillion to the global economy. "
First Ever!!!!! WOW Talk about leveling off the Global Playing Field
2) Tough’ Volcker Rule Coming Next Week:
http://hereandnow.wbur.org/
Better article: Lew Says Volcker Rule to Prevent Repeat of London Whale Bets
http://www.bloomberg.com/news/
and the explanation:http://www.ft.com/
Mr Lew said the newly completed Volcker rule, which bans proprietary trading and will be voted on by regulators next week, along with stronger capital and liquidity requirements and plans to wind down failing banks, had made the financial system safer and stronger."
The Volker Rule will protect depositors money that is deposited into Banks ( not investment firms). When we exchange, our money is protected. So forget all of the fear mongering that has been occurring. The Banks cannot risk it.
Now let's be smart about this. The Vote has already occurred and Tuesday December 10th is just a formality, Just like back in July when the same groups voted on Basel III.
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