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EURCHF Prints Fresh All Time Low As European Deposit Flight To Safety Accelerates
And once again, all of Europe is dumping its deposits in Switzerland, running away from domestic banking centers, and making the lives of Hungarian CHF-denominated debtors a living hell. The EURCHF just hit an all time low of 1.3066. The Bank intervention sonar just went apeshit as both the BoJ and the SNB are fully expected to intervene at any moment.
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PPT in at least 3 countries today...
How much Hungarian debt is in CHF again? I cannot find the ZH post from a while ago giving some numbers on this... If someone knows please share, thanks!
HI, app CHF 12bn (HUF 2604 acc NBH 2010 july fig.s)
FX SWAP LINES ASAP
Smoke,Mirrors and Bullshit = Chaos + dumping = Protecting assets and dumping crap.
I guess once the currency collapses I'll have to pay the prostitutes in beatings.
They will work for food.
From what I understand, during a currency collapse, health care products like tampons, pads, and toilet paper can get you one heck of a hummer. And no, I don't mean a gas guzzler. There will be guzzling, but oil products will not be the drink of choice.
Do they work for protein?
Do you work for protein? :>)
Your question assumes you're (financially/materially) better off than the pros working the streets. We're all prostitutes. The only thing in question is the price. :>)
+ 1000
I guess my joke was a bit over the head there. I meant to give them a "shot of protein" through a meat injection, if you catch my drift? Not that I am going to be monetarily rich.
I understood completely. Did you get my meaning about working for the same "protein"? It works both ways....so to speak. "Desperate (wo)men do desperate things" was all I was saying, not that you would actually be....um.....working. :>)
Touche Mr. Bond, well played.
Agreed, firstdivision, Mr Bond and (mainly!) CD.
DavidC
As butters would say: I do all kinds of jobs!!!!!1 Even hand jobs!
Crimex....er, comex goons working hard to keep gold under 1235. What a world, where everyone everywhere fights to keep reality from being seen.
http://www.youtube.com/watch?v=PL6jwxw9T3c
Yes, I know the Fed is throwing tax dollars into the stock market. Yes I know we are going to see a green Dow all at the expense of the poor Dollar. How long can they keep this up? When is it game over?
That is the million dollar question. CAN they keep this up is a question I think we all know the answer to--nothing lasts forever.
It's at times like these you appreciate the real "art" in charts. Bootiful!
Apeshit is such a colorful description.
TD, you rock!
Less than 9 points and we go green (and we are currently up over 10 points from the low). I have faith that the Fed's will still pump this market to unsustainable levels so that we continue to see this massive swings in a day (I do not think it is all algo based swings as opposed to Fed intervention in the stock markets).
just think of closing up on this data...
<CNBC pet talk is on its way>
"we have priced this in..."
buy new lows.
Lesson: don't denominate your mortgage in a foreign currency.
Especially an inflationary one.
Better lesson: Don't even have a mortgage. "Mort" in French means "Dead" in English.
Sadly, without wealth by birth, marriage, or wage, I have a mortgage.
They are running this fuckin thing green today.
I am completely out of the market and putting my money in commodities.
Fuck this.
bob,
Where ya been?.
We been telling ya for months.
Last night.. when.. Butters.. came to spend the night.. I wanted to take a picture of him.. you know.. for his mom to have.. and I tripped, and my mouth landed right on his penis - and at that moment.. i thought of something really funny.. and kinda started to smile a little bit.. and kinda.. give a little thumbs up.. and thats when he took the pictureee.....
I am fearing that commodities are a bubble just waiting to burst again (ala. 2008). Buy houses, those never deprecia......oh.
No, buy commodities, because that is what everyone will flee to when the treasury bubble pops and the equity markets crash.
Updated S&P500 chart showing head and shoulders with target.
http://stockmarket618.wordpress.com
Target 1006?.......
LoL, watch the Fed jump all over that....NOT happening.
In short time the Swissis will buy the US of A with their gold. Thereafter every US American has to take the official oath of Switzerland : "I solemnly swear never ever to spend more than I can afford - so help me God and the Swiss constitution" :=)))
But Toshiba is working on a no glasses needed 3d HDTV. I just can't live without that. Where's my credit card?
Maxed out and smoking.
Bro, the SWISS have NO GOLD.......the dumb asses dumped 99% of thier stash.
IF the USA HAS 8k Tons, we still have more than any other Soverign.(on record).
< font = FUCKING MASSIVE > IF.. < / FONT>
ha hah ha! You tell 'em dog!
USA gold was sold off LONG ago! What do you think Ft Knox is stockpiling tons of gold? Its GONE! Tungsten bars, bitchez!
Hungary is very similar to Bulgaria.
Let's see, the Swiss have not had a war in centuries and became as rich as Croesus and then recently gave women the vote with the concomitant result of electing touchy feely types, now their gold is gone and they're probably thinking about invading eastern Europe to get their Francs back...reminds me of early 20th century USA, would't be surprised to see corrupt douchebag Barney Frank type Canton Meisters around the corner...
Are you saying women tend to vote for free lunches without a basic, elementary understanding of economics that disabuses college freshman of that conceit?
SHAME! YOU MISOGYNISTIC BASTARD!
/sarcasm off
Rumour that the BOJ will keep still, maybe those
wacko central banksters want to blow up Nikkei first ?
Sake flooding Jackson Hole, to toast Bennie's kabuki
Burn baby burn !!
$1.6 billion POMO pump this morning to hold DOW 10K by fingernails and its already slipping again?? Folks, get ready for the Mother of all False Flags real soon. I would not be the least bit surprised to see 'Hezbola nukes' going off in US cities soon! These people have played their hands of 5 aces every deal and the people are fed up and have a gun in the FEDs face!
If I am sitting on Euros, I sure as hell am NOT buying $$$.
Look at the performance of the Singapore Dollar - its the Swiss Franc of Asia.