Obama: US willing to up savings, Germany and China need to up dometic demand
As part of the G20 framework, Obama says the US is willing to raise its savings rate but purely export-driven like China and Germany must improve domestic consumption. How they do that is up to them, he says.
Markets are backing and filling, with risk aversion easing a bit as stocks climb off their lows. With any luck, the worst is over for EUR/JPY, AUD/USD, etc…

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Hey Jamie,
Great job today staying on top of the madness.
Based on this post http://www.forexlive.com/100215/all/very-large-bid-surfaces-at-92-50-in-usdjpy about the $250 bid at 92.50, would you say it got stopped out?
Sorry? I don’t understand the question. The 92.50 bid was, by definition, a buy order. Whether or not the buyer turned around and sold them lower, I have no way of knowing…
Trout season starts tomorrow. I am going to have great time because of all of your timely wisdom that you share. Thank you have a great vacation.
Jamie, if you haven’t taken off yet, remember to have a pint or three in excess of what’s good for any sane man
Awesome work here. Enjoy your time out.