by noreply@blogger.com (Admin)
The market has sold off in such a rapid way with so much momentum that I am smelling as if something really wrong will happen in the next two or three months.
Because the market is a discounting mechanism...in March 2009, the market went up and people were baffled by that. And now it goes down, and maybe in three months, people will wake up scratch their head and understand why.
Because the market is a discounting mechanism...in March 2009, the market went up and people were baffled by that. And now it goes down, and maybe in three months, people will wake up scratch their head and understand why.
SNB says a range of options are open to policymakers to stem the Swiss franc's strength including a peg to the beleaguered single currency
by Admin
The idea of printing more money and buying worthless bonds instead of forcing people to go bankrupt is ludicrous. That's how you destroy an economy, that's how you destroy a financial structure and that's how you destroy the euro.
No matter what projections you look at all of them show the debt in these countries will be higher in five years not lower and that's destroying the economy of Europe and the euro.
Greece should stay in the euro, but make them go bankrupt, make them stop spending, make the people who lent the money to the wrong people lose money.
The only thing that works is what happened in Scandinavia 21 years ago. They saw there were problems and they took their losses and had horrible pain for three years but since then Scandinavia has boomed.
I wouldn't buy the euro now but I a certainly not selling it as I expect it to go up. If you want to buy a currency I would rather buy the dollar today of those two but I am not doing either.
No matter what projections you look at all of them show the debt in these countries will be higher in five years not lower and that's destroying the economy of Europe and the euro.
Greece should stay in the euro, but make them go bankrupt, make them stop spending, make the people who lent the money to the wrong people lose money.
The only thing that works is what happened in Scandinavia 21 years ago. They saw there were problems and they took their losses and had horrible pain for three years but since then Scandinavia has boomed.
I wouldn't buy the euro now but I a certainly not selling it as I expect it to go up. If you want to buy a currency I would rather buy the dollar today of those two but I am not doing either.
he U.S. has been downgraded and countries like the UK have very high debt will have to be downgraded too. You can’t have the UK as triple ‘A’ and the US as not a triple ‘A’. You need to be asking S&P or Moody’s why they haven’t got around doing that. I don’t think, the European countries deserve their ratings
by Admin
2 people liked this
Governments all over the world are debasing currency; Yesterday, the US Federal Reserve said it will continue to debase their currency. The more the governments will debase paper currency, people will take refuge in real assets and gold is one of them
Belgium, France, Italy, Spain Overrule European Regulator, To Impose Standalone Short-Selling Bans
One massive bullish force and potential perpetual buyer of gold are central banks. With almost every country in the world actively trying to devalue their own currency in order to lift asset prices, gold, in effect, has become the only real store of value left.
That leaves gold in a full-fledged bull market as its safe-haven status is enhanced even more, since it cannot be manipulated by governments.”
60 mins to change the place anywhere on earth
china might have a huge depbgt to GDP
CISCO
In 1965, married fathers with children younger than age 18 living in their household spent an average of 2.6 hours per week caring for those children. Fathers’ time spent caring for their children rose gradually over the next two decades — to 2.7 hours per week in 1975 and three hours per week in 1985. From 1985 to 2000, the amount of time married fathers spent with their children more than doubled — to 6.5 hours in 2000.
All those hoping that in the wilderness of fiat, the Swiss Franc would be to be a safe haven, are getting destroyed today, following speculation overnight that the SNB would implement a euro-swiss franc peg. The result: an unprecedented 600 pip plunge in the two key pairs, the EURCHF and USDCHF, since new overnight highs. The take home: for those seeing a safe haven from central banking stupidity, just go to where there is no counterparty: physical precious metals.
Aaaaaand... Italy Breaks
Shocking, we know...
The CME announced margin requirements on gold will rise by over 22% by close of business today. This saw an initial slight sell off prior to further gains.
The just completed auction of $16 billion in 30 Year bonds, was, as Rick Santelli said, "a failure". And while this may be a little dramatic, this was without doubt one of the ugliest 30 Year auctions ever seen. The 30 year priced at 3.75%, a huge 11 bps tail to the When Issued which was trading at 3.64%, the Bid To Cover plunging from 2.80 to 2.05, the lowest since February 2009, and, most shockingly, the Indirect Bidders Imploded to a paltry 12.2%! Those wondering if Chinese posturing would led to anything more than just jawboning have their answer. The Indirect tendered bids were just $3 billion or about 20% of the total auction size, which resulted in a $2 billion take down. It was so bad that the Directs were for the first time in 30 Year history greater than the Indirects. And yes, while the yield was close to record low it won't stay there especially if as is now expected, August 26 will see the BEA report a second GDP revision of ~0.6% at 8:30 am, which will be promptly followed by Bernanke's 2011 Jackson Hole address. And so the yoyo continues: what today's auction has proven is that going forward the Fed will be forced to crash the market every day that there is a Treasury auction, while ramping stocks on days when Treasury does not need to fund its borrowing binge.
Yes, the whole "bull" story is based on roughly $20 million worth of insider purchases in the past week.
ow about selling? Well, here's the data. Once again, keep an eye on the axis: the peak is about $140 million... a little under 20x more than the peak buying. Just keeping things in perspective here.
http://www.investingdaily.com/id/18932/cisco-systems-has-bottomed.html
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