EURCHF Tumble Continues: 100 pips In Minutes

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Mon, 07/11/2011 - 08:34 | 1443142 schismjism
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systemic collapse imminent. must put on underwear.

Mon, 07/11/2011 - 08:40 | 1443164 mayhem_korner
mayhem_korner's picture

You might try the new fiat liners...very absorbent.


Mon, 07/11/2011 - 08:43 | 1443172 Quintus
Quintus's picture

Paper money.  Is there nothing it can't do?

Mon, 07/11/2011 - 08:51 | 1443203 cossack55
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Hold value.

Mon, 07/11/2011 - 08:53 | 1443207 Quintus
Quintus's picture


Mon, 07/11/2011 - 08:57 | 1443222 Cthonic
Cthonic's picture

Create value.

Mon, 07/11/2011 - 09:24 | 1443323 Bicycle Repairman
Bicycle Repairman's picture

Be eaten.

Mon, 07/11/2011 - 08:56 | 1443217 Fazzie
Fazzie's picture

 Make sense, made of cotton and linen just like underwear and you want to protect the more valuable item!

Mon, 07/11/2011 - 08:45 | 1443179 Long-John-Silver
Long-John-Silver's picture

Today is the day for Depends.

Mon, 07/11/2011 - 08:58 | 1443227 Cognitive Dissonance
Cognitive Dissonance's picture

I stocked up over the weekend.

Mon, 07/11/2011 - 09:02 | 1443244 TruthInSunshine
TruthInSunshine's picture

Those are going to be worth their weight in gold when the shit hits the fan.

Mon, 07/11/2011 - 09:03 | 1443245 SheepDog-One
SheepDog-One's picture

Get the ones with extra big load holding strentgh.

Mon, 07/11/2011 - 09:12 | 1443280 Sudden Debt
Sudden Debt's picture

you're a connaisseur he?


Mon, 07/11/2011 - 09:14 | 1443296 SheepDog-One
SheepDog-One's picture

Just sayin, in the coming days...better go for the heavy duty version.

Mon, 07/11/2011 - 09:24 | 1443324 Cognitive Dissonance
Cognitive Dissonance's picture

Ed Norton of "Honeymooners" fame: "I'm a conniesewer and proud of it."

Mon, 07/11/2011 - 14:38 | 1444786 jerry_theking_lawler
jerry_theking_lawler's picture

there is a huge market for 'fluff pulp' i know why...

Tue, 07/12/2011 - 21:40 | 1450174 MGHJFHD
MGHJFHD's picture

Hi there could I reference some of the insight from this entry if I provide a link back to your site?


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Mon, 07/11/2011 - 08:35 | 1443144 Mongo
Mongo's picture

Gravity works in magical ways...

Mon, 07/11/2011 - 08:47 | 1443188 LawsofPhysics
LawsofPhysics's picture

Do people still believe in gravity?  I haven't heard a sermon on it in a while.

Mon, 07/11/2011 - 09:15 | 1443297 Sudden Debt
Sudden Debt's picture

Just take a picture from when your wife was 18 years old and have a look to her now...

Gravity.... it's a bitch...


Mon, 07/11/2011 - 08:35 | 1443146 doggings
doggings's picture

we need the "deer in headlights" pic I believe

Mon, 07/11/2011 - 08:59 | 1443228 Fazzie
Fazzie's picture

 Yes, I crack up every time I see that pic!

Mon, 07/11/2011 - 08:36 | 1443150 kaiten
kaiten's picture

Switzerland will soon enter deflationary depression.

Mon, 07/11/2011 - 08:52 | 1443205 cossack55
cossack55's picture

How will that affect the price of their choclolate bars. They have wonderful choclolate.  Their cows are pretty too.

Mon, 07/11/2011 - 08:55 | 1443216 Joe Sixpack
Joe Sixpack's picture

What does that have to do with the price of tea in China?

Mon, 07/11/2011 - 09:00 | 1443234 Josh Randall
Josh Randall's picture

But I made such wonderful sandwiches Tony...

Mon, 07/11/2011 - 09:04 | 1443247 shortus cynicus
shortus cynicus's picture

One can simply sell his kidney and lease it back for tax deduction.

Mon, 07/11/2011 - 09:00 | 1443237 cossack55
cossack55's picture

That cesium and strontium were detected in Chinese tea, and not in Swiss cows (so far).

Mon, 07/11/2011 - 08:37 | 1443152 oogs66
oogs66's picture

SOVX has been breaking apart.  Out 33 bps to 292 today.  Liquidity totally gone.  Hitting other credit markets.  Equities have ignored sovereign debt problems for almost 2 weeks, could be ugly in a hurry.

Mon, 07/11/2011 - 10:04 | 1443460 chartcruzer
Mon, 07/11/2011 - 10:38 | 1443632 unununium
unununium's picture

Bitcoin down.  Specs must need the money to cover their losing swissie shorts.

Mon, 07/11/2011 - 08:37 | 1443153 Ethics Gradient
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Mon, 07/11/2011 - 08:37 | 1443155 THE DORK OF CORK
THE DORK OF CORK's picture

I bought 750 physical Francs back in the early Spring - just to get me through a week or two of a possible currency event - me thinks I should have bought 7500 Francs

Mon, 07/11/2011 - 08:43 | 1443176 mayhem_korner
mayhem_korner's picture long was the delivery lag?

My PM delivery lags have widened by > week, and I'm seeing lots of dealers running very short on what they have "in stock."

Mon, 07/11/2011 - 08:53 | 1443211 THE DORK OF CORK
THE DORK OF CORK's picture

Mayhem - I'm talking about physical PAPER currencies - the last thing you want to do in a crisis is sell your Gold.

Mon, 07/11/2011 - 09:05 | 1443254 mayhem_korner
mayhem_korner's picture

Huh?  I'm buying, not selling.  I was referring to the lag it takes for the dealers to deliver TO me.

Mon, 07/11/2011 - 08:39 | 1443163 mayhem_korner
mayhem_korner's picture

Euro fleeing to perceived safety of (gold-backed) currency, as well as USD.  The timing of this is uncanny, as the flight away from tattered Euro and dead PIIGS debt mask the plight of the USD.

Once the debt-ceiling is passed (which will be like a payday for the administration on its way to Atlantic City casinos), the value of the "deal" wil be halved (at best) and the free fall will continue under the guise of (euro) darkness.

I'm not bettor, but if I was I'd say the rubber meets the road when the $500B of maturing T's hits in what, 45 days?  Then the sound of twisting metal...

Mon, 07/11/2011 - 09:12 | 1443285 r101958
r101958's picture

All meant to suppress commodities and support treasuries.

Mon, 07/11/2011 - 08:43 | 1443173 qussl3
qussl3's picture

The swiss better be careful, not too far from really pissing people off with this flirting with gold.

The Alps aint the same in the 21th century.

Tue, 07/12/2011 - 09:21 | 1447391 Urban Redneck
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The SVP is backing the initiative - that means "nothing for foreigners" in English. 

Mon, 07/11/2011 - 08:43 | 1443175 johngaltfla
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And EUR/JPY isn't much better, broke the 114 Maginot Line....

Mon, 07/11/2011 - 08:47 | 1443189 augie
augie's picture

:) all the way to the bank. Errr, in my case all the way to my coin dealer. BURN BABY BURN!

Mon, 07/11/2011 - 09:01 | 1443239 SheepDog-One
SheepDog-One's picture

Maginot Line lol....RETREAT!!!

Mon, 07/11/2011 - 09:14 | 1443290 Sudden Debt
Sudden Debt's picture

You call it bloodbath, I call it time of the month.



Mon, 07/11/2011 - 09:16 | 1443302 SheepDog-One
SheepDog-One's picture

Nevermind those 20 foot dark outlines circling below....

Mon, 07/11/2011 - 09:23 | 1443318 Sudden Debt
Sudden Debt's picture

That are called the mood swings...

They'll bite you in the ass when you take notice and even when you don't take notice...

They come out of nowhere and bite you whitout any logical reason...

You can only chase them away by throwing your credit card to them, something made out of gold with a diamond or if you're lucky with a bouquet of flowers.




Mon, 07/11/2011 - 09:26 | 1443338 augie
augie's picture

You been hanging out in the "red light" district again? 

Mon, 07/11/2011 - 08:45 | 1443181 monopoly
monopoly's picture

Wow, what is an investor to do. I guess treasuries are the best investment now. WRONG!

Mon, 07/11/2011 - 08:46 | 1443183 TruthInSunshine
TruthInSunshine's picture

I'm not saying this because of the fairly dramatic intraminute action this am (U.S. time), but I and many have recognized that the euro was doomed from the start (as did many Brits, who decided to hedge accordingly).

How many different kinds of cheeses are there in France alone, and how hard was it to try and hold that place together throughout a history of attempted conquests?

Does anyone or no one agree that the Eurozone is already in a state of economic disintegration, in no small part due to their vastly different cultures and financial condition from nation to nation (Germany v Italy, etc.)?

It's hard enough to arrive at consensus in the U.S. together with the whole Red State/Blue State thing, or Canada together with the whole French/English spat.

The Eurozone is magnitudes and multiples more complex than any other economically integrated area using a common currency that anything the world has ever seen, and it should be fairly obvious that the experiment is inevitably destined for complete failure, no matter how the winding up takes place.

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