Jain says USD & Euro Better than CHF Swiss Franc

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Subject:	Swiss Franc (CHF) In the Blow Off Phase
Date:	Mon, 1 Aug 2011 10:26:29 -0700
From:	Jas Jain

Swiss Franc (CHF) In the Blow Off Phase

Currencies trend and the trend always breaks at a certain point and sometimes with a blow off phase, as was the case for Japanese Yen in 1995. Today's CHF price range: $1.2582-$1.2944 (almost 3%), after making successive new all-time highs, is a classic sign of a blow off. We would only know after the fact as to how far the blow off took the price. Anyone smart would not hold CHF at the current price; USD and Euro are better relative values.

Jas

IMF Economic Forecasts for the US

The International Money Fund, IMF, expects slow but steady economic recovery for the United States two years after the worst of the financial crisis.

click for full size table

In the June 20, 2011 "Concluding Statement of the 2011 Article IV Mission to The United States of America" the IMF makes the following forecast for US GDP growth:

• 2011: 2.5 percent
• 2012: 2.7 percent
• 2013: 2.7 percent
• 2014: 2.9 percent
• 2015: 2.9 percent
• 2016: 2.8 percent

The IMF notes many downside risks discussed in more depth at  IMF Economic Outlook for the US

These are some interesting charts to keep an eye on:

• Chart of Historical LIBOR rates vs time
• CalPERS Asset Allocation Ratio and Target Annual Return
  
•  Rising Wedge Reversal Pattern - DOW
•  Gold Price Per Ounce History
  
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