Backseat wrecking

Of course I rather like Barack Obama, particularly the fact he's not systematically dismissive of old Europe, but still, I'm willing to bet very good money placed on a shorting position on the dollar for 2010 that Mr Obama's strategy of restarting the U.S. economy by doling out lots of free money will most certainly falter and lead America into a second recession next year... and no, balancing the budget needs not be a Republican thing-Bill Clinton did it.

Furthermore, this whole idea that the Chinese will keep on buying U.S. Treasury notes because they have no other options is nothing but a load of horses**t... when you have a strongly positive trade balance and absolute political control, you can just as easily use the entire Chinese economy as a piggy-bank. In other words, I'm also willing to bet good money that the Chinese government this year will start spending their cash at home to jump-start their own domestic market as opposed to dumping their reserves on America...