steve of sun of saxo bank now let's look at run through the markets first the currencies here in moscow the russian ruble ended the session weaker to the euro and stronger to the dollar which reflects the euro dollar dynamic as you can see there on the equity markets wall street is mixed this hour the dow is slightly below the line as you can see just slightly below and that's as investors show their disappointment in the latest housing numbers the nasdaq is gaining as lawmakers continue to discuss the fiscal cliff threat and the ways to avert it over in europe equities posted games on wednesday closing at eleven and nineteen month high i should say thanks mainly to the german business confidence report that showed it jumped more than analysts anticipated and here in russia the indices were mixed at the end of the day the my six finished the day down just ever so slightly and the r.t.s. closed in the block and up next on our team. talks to economist and author lawrence braun about the failings of the u.s. financial system you occupy movement and china's economic outlook. remains a myste

. > round two: saxo bank is out with its crazy calls for 2013. they're known for their outrageous predictions, such as gold at $1,200. they say that the german dax will plunge by 33%. crude oil will be at $50. will any of these predictions come true? > > this is right in your wheelhouse. this is your doom and gloom. this is got to be you. > > that's right, this is my doom and gloom. i am going to take that gold prediction, and i am going to take out a one and add a zero to the end and make gold $2,000 in 2013. that is my outlandish prediction. i think short-term, gold looks been selling off. however, everybody is going to need gold. they are going to run for guns and gold once we go through a huge recession next year. alan knows it. mr. bull over here. big recession. obama cannot stop spending money. > > actually there is one prediction here that does make sense to me. looking at the green markets, we're at $14 in soybeans right now. they are looking for a 50% increase. $21 is not out of the range of possibility. > > that is possible. > > with $1

that was steve york of son of saxo bank and liz do a quick run through the markets now first the currencies here in moscow the russian ruble ended the session weaker to the euro and stronger to the dollar which really reflects the euro dollar dynamic now on to the equity markets on wall street stocks are lower the sour after the latest housing data came in weaker than expected and there is not much progress in the fiscal cliff talks which worries investors the deadline is approaching fast over in europe equities posted gains on wednesday closing at a nineteen month high thanks mainly to the german business climate index the jumped more than analysts anticipated and here in russia the indices were mixed at the end of the day the my sex closed down just ever so slightly point two percent the r.t.s. ended the session in the block and that's the latest from the business desk up next on our tease sophie shevardnadze talks to an economist and author lawrence wrong about the failings of the u.s. financial system the occupy movement and china's economic outlook. the sun rises over what seems like a