http://ca.news.finance.yahoo.com/s/1...
Wow, it seems the previous stimulus trillions have, as David Dodge so eloquently put it, "been pissed down a rat hole". These new measures should free up some credit, but it does serve to highlight that the bailout money previously spent was aimed at the wrong target. And it seems the US Fed finally is coming to the realization that this is no ordinary recession....it is structural, rather than cyclical and no amount of throwing money at the problem will help. The structure of their financial industry has to change.
How does this relate to DRV? With the latest round of stimulus money, this should give investors greater confidence in the economy and it should drive up the price of base metals, including copper. Additionally, there will probably be same serious greenback devaluation in the near future because of these stimulants. That means gold and silver will go up.
An interesting read is Derek DeCloets' column in todays Globe & Mail's business section, where he summarizes Dodge's take on the economy.
IMHO,
Trainboy