• People's Bank of China raised reserve requirements 0.5% (sooner than expected) - implies that interest rates will rise
• Cheveron missed earnings
• Greece under-estimated / under-reported debt as % GDP; prime minister admits corruption problems
• Fed paid record $46.1bn to the Treasury in 2009; net income of $52.1bn - also a record
• Fed has about $2bn on its balance sheet it needs to unload; could loose value as it's sold
• Economies that serve China: Taiwan (industrials), Brazil (commodities)
• Largest iron ore player: Vale of Brazil, Tio Tinto, BHP Billiton
• Short sell on Chinese exchanges