- advertisements -
What was America's rating again?
C++ I think.
OT: Zvi Goffer and friends go down
True, but there's still abundant hope that the sheeple here will enthusiastically surrender to "austerity." Greece, not so much.
Theres about 100 million americans with rifles and a lot of ammo...I think they may be baking in 'austerity and surrender of the american people' a bit too soon.
It's looking like the DC Clown Show will get it done "for them." Dims blame Publicons, Barry blames "Mr. Market (Sir!)" and they'll all be so sad it "had" to be done . . .
But I agree it won't end well.
Too bad taxing banksters into the stone age--since they're too well-connected to jail--isn't on the table. We could be looking at very different prospects.
And whacks silver and commodities. Another day in paradise I suppose.
Sovereign Debt problems re-emerge
Sell gold, buy dollars and Uncle Gorilla paper!!!
is this what you are observing, or is this what you personally do and would advise to poeple listening to you.
Sorry if I ask.. but with you, one never knows.
He's a fucking tool and a bold faced liar.
Should be an IDEAL trade for you Robo, since all youve ever done is trade ON PAPER anyway!
You were more fun when you posted pictures like your avatar all day
Yea at least the pictures were some entertainment, now Robo just talks out of his ass all day about his paper trades.
I don't get the junks, it's clearly happening. Not saying it makes true sense in the long-term, but it is happening.
You want to sell gold and buy dollars? Go for it.
For someone nimble, that appears the be the short-term move. I'd certainly be re-positioning back into Gold/Silver/Commodities after Helicopter Ben comes to the rescue.
It's one profitable way to play this. If you're nimble...
I am not nimble. So I just buy and hold physical (only) PMs.
Dammit robo, you make getting junks look so easy.
The lack of significant lasting rise in EURUSD must be causing many of TPTB to smack their monitors like sexually frustrated adolescents over the past few months. Perhaps the End-of-QE® Viagra is losing its efficacy, or is perhaps that the rest of the world has awoken to the fact that - if the whole thing is gonna blow and wipe everyone out, they really don't want spend their last days in this monetary realm in coitus with the bearded one?
Should have been D for default.
Throw in an Israeli-Egypt relations downgrade
They are on top of downgrading sovereign debt but could not see the housing crisis coming from a mile away. What an agenda.
Good point, theyre expert at downgrading foreigners, but clean flat out missed the biggest bubble implosion in history.
coming to a country near you
Tyler, last week you were calling a breakout of 1.50 in EURUSD
you are slowly becoming like a Goldman Muppetshow
Well that is certainly news to us. With the S&P correlating to the EURUSD 1:1, and with our expectation that the S&P will drop several hundred points before QE3 is unleashed, can you explain just where in this logical chain does the EURUSD hit 1.50 before QE3 is launched? (But yes, if the ECB surprisingly hikes rates to 2.0% in July, which it won't, you will certainly see 1.50). Then again we can see why one can be confused especially with Goldman's two parallel calls for EURUSD going above 1.55 and below 1.40 at the same time. Lastly, since ESL is apparently not TFL, here is our most recent commentary on the EUR: "The most recent CFTC Commitment of Traders report is out. As usual the
most interesting data can be found in the FX spec update which does not
disappoint. Just as we predicted, as the EUR surged over the past 14
days so did non-commercial net specs. The number which is through
Tuesday, probably increased even as the EUR got hammered over the past
24 hours, dropping 250 pips in two days. Expect the usual piling out
through the front door as specs bail once again. At that point the time
to buy the EUR will come."
So... care to revisit?
Only part I disagree with is the unleashing of QE3. When the markets tank this time the 'QE3' much to the surprise of the CNBC audience will be the Treasury suddenly seizing all 401K's and pensions.
What did people think, the central banksters did all this to make sure moms and pops retirement at the luxury 'The Villages' would be fully funded and comfy? They can dream on, 3rd worlding and austerity is about to become harsh reality.
You have worn your tinfoil hat for so long i believe it has melded into your skin. Might wanna see a doctor.
Funny how things that were tinfoil hat worthy a few years ago now play out across the front pages.
You guys above best not be dissing the Tinfoil Hat Brigade! New member in The Lunatic Fringe Battalion of the THB is getting ready for action!
Arffffffffffffff, I like that :)
I used to laugh at such nonsense then more and more start coming true.. Now when I look in the mirror, I think pretty, shiny and sadly so true. No, tinfoil has gone mainstream TCT, don't miss the Alcoa trade..
Well... They have to keep the illusion. If they do anything with 401K's it will be something that most will swallow as being good for their own selfish desires. Otherwise, mom and dad stop dreaming and start hating.
can you explain just where in this logical chain does the EURUSD hit 1.50 before QE3 is launched?.....
I think he might have been referring to this Twitter post by one of the "Tylers" although it was not last week, but six weeks ago:
EURUSD 1.4653 1.50 Next
So a week before it ripped by 300 pips and hit 1.4940?
Because it conflicts with your suggestion today that we need QE3 before the EURUSD can hit 1.50.
Short Term trades are just that. Trades (especially when late in April the market was working under the false assumption that JCT would proceed to announce several hikes in a row - something we predicted would not happen). There is nothing in the fundamental picture that supports EURUSD at 1.50 currently. Can it hit 2.00 on central bank buying just like in the past 30 minutes? Of course. Will that level be sustained? Of course not.
just take a look at below post on COT where you suggesting "The technicals at this point indicate a break of recent EURUSD resistance in the 1.50 area is very much possible".
I am not trying to make a scene here as everybody can be wrong sometimes in this business, as Soros says: "a sustainable 60/40 success rate makes you a star trader"; but dude, you been spectaculary wrong at criticial junctures: you called 1:1 parity at 1.20 bottom last year and now you are calling a breakout of 1.50 at 1.47 level last week which infact seems like a medium term top.
It is certainly very much possible. What's your point? As for parity, instead of making false statements, here is what we said on the topic of parity: "When the ECB said recently that a slide toward parity would be
tantamount to admitting defeat for the euro and the eurozone, we took it
somewhat seriously. Which is why we were rather surprised to see that
the biggest French bank, and by implication, organization which would
suffer massively should the eurozone implode, is out with a EURUSD
forecast that goes even beyond parity, and bottoms out at 0.98 by Q2
2011. As we have noted before,
it is the very same European banks who are most interested in a
destabilized euro, as it would merely entail trillion after trillion in
ECB bailouts, providing quarterly bonus make whole packets for
all bankers involved. So, without further ado, here is BNP's thesis,
which just as easily could have come from Evans-Pritchard: "Now we are
convinced that EURUSD will have to remain weaker for longer and we
expect it to drift to 0.97 in Q3 2011. The competitive and wealth gap
within EMU will have to be closed to rescue the European project.
Peripheral Europe will be exposed to a significant deflationary shock
and asset transfers from core European countries will be required to
keep these countries and its financial system afloat." It kinda makes us
wonder whether the ECB may have been lying to us all this time."
Google is indeed your friend.
The week's not over yet........
Does anyone remember the days when a Greek downgrade was major news ?
Now the bad news is not news, wait till the ensuing 'Watchoo talkin bout Willis we fixed Greece' then that will be noticed and much rejoicing.
Quite insane though how downgrades to European sovereigns don't seem to mean shit to the market anymore .
Nothin really means shit anymore, we've lurched sideways and going from world economic currency war into world hot shooting war.
after the double dip in Dollar Index, looks like the USD bull train is leaving the station. such a pity for the EUR bulls like Tyler...
Well why dont you file a complaint and ask for your ZH membership fees to be refunded? Oh thats right, its free, so whiners are also free to take the walk.
It is a free blog so I have a right to make critics here; but as sheeples (especially silver sheeples) like you don't know what a critic is, I say: run sheeple run :)
Well I say youre a fucking jerkoff how about that?
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Advertise With Us
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
How to report offensive comments
Notice on Racial Discrimination.