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CME Just Doubled (And Tripled) Swiss Franc Margins
We suspect there will be a few more "taps on the shoulder" tonight (and tomorrow)...
As per the normal review of market volatility to ensure adequate collateral coverage, the Chicago Mercantile
Exchange Inc., Clearing House Risk Management staff approved the performance bond requirements for the
following products listed below.
The rates will be effective after the close of business on Thursday, January 15, 2015.
DOUBLED!
The rates will be effective after the close of business on Friday, January 16, 2015.
TRIPLED!
»
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What could go wrong?
Welcome to the World Of The Future!
"You're gonna feel a little pressure."
EURO Dollar 1:1?
latest on Euro-Crash:
http://tersee.com/#!q=euro&t=text
Raising margins after a 30% move.....I'm sure this will decrease the volatility. lol
OK guys, let's remain calm. No running with scissors. One at a time, just stroll on out the fire door....
I said don't panic!..... Sweet jesus....
"Taps on the shoulder" followed by nailgun double taps to the back of the head.
Well gee officer, I guess when the elevator doors opened he didn't notice there wasn't anything there and stepped off. Thirty floors make quite a splash doesn't it?
i am filled with glee for these fx traders - hope their lives go to hell and they get a taste of what mainstreet feels daily...
Didn't work so well when they tried it on subprime back in 07-08, but the more recent experiments with euroTRASH didn't cause the same foul aftertaste - but the sizable playas who got caught flat footed by the SNB need some sheeple to fleece to make up for their losses, so this was predictable and easy 'pickins...
Bill Burr? LOL
Were gonna margin rate increase some folks......
Grimaldus
Just a little pin prick
there'll be no more AAHHHHHHHHHHHHHHHHHHH ahhh ahhhh
but you may feel a little sick.....
Just a short, sharp, shock.
Events like this one (SNB announcement) are EXACTLY why you position yourself for reality setting in, and then wait patiently.
When they happen, shit happens fast and you have no time to react.
As far as I know, this was a black swan.
Exactly. Go with your gut and sit tight. Anyone analyzing the macro financial picture over the last 6 years knew this pig is destined to burn at some point. But during the lull, people don't anticipate, which is why panic sets in.
Oh and that whole "yield" thingy, in a world where productive assets have been replaced by financial engineering. Just wait until the ECB unleashes more financial engineering on the 22nd.....
Correct. Most importantly, moral hazard has gone on for so long, the only "engineering" that would actually be effective at this point would be to simply give every income-tax-paying citizen the very same amount of cash. If they had any debt, they would have to pay it down/off first.
The debt-servicing monster is too big and a jubilee would only pile on massive moral hazard. Time for some accountability and retribution motherfuckers, nothing else will come even close to a "fix".
" ... a jubilee would only pile on massive moral hazard."
In theory, perhaps. But really ... debts being written down every 101 years or so is gonna make a big difference day to day (or decade to decade)?
I'd be surprised. Well, maybe not by people's behavior come year 97 perhaps.
Please, and how many wars do we typically see over that same time period?
Text book example I'd say.
Well the one good thing about the Swiss turd is Gartman really hates it. I hope he had to eat a big one....
Could an actual "market" be asserting itself here...? quick, run to that other fiat!!!
What could go wrong?
Pray it is so.
I'm sure the Fed is contriving a way to crush any such aberration as we type.
That's the problem. "Quick, this dirty shirt isn't as clean a I thought, let's go put on that other slightly less dirty shirt"
They will not let go so easily. I expect a strong push to get the gold under 1000 $US.
Not saying I like it, but this is really a war going on.
That's the problem. "Quick, this dirty shirt isn't as clean a I thought, let's go put on that other slightly less dirty shirt"
Tap tap
Whats's up motherfucker, got gold ?
Tap, tap, to the kneecap.
Tap tap
In your face !
Efficient.
We can always count on the CME to do the right thing.
Of course. Remember this?
http://www.timeout.com/chicago/things-to-do/chicago-mercantile-exchange-protects-identity-of-we-are-the-1-sign-maker
I'm putting odds on those precious metal circuit breakers coming into play soon.
joyflation around the corner
https://www.youtube.com/watch?v=7qyrAnJpD2w
Latest REUTERS News on EURO:
http://tersee.com/#!q=reuters+euro&t=text
King Dollar going 'godzilla thru tokyo' ... again
DXY ~ 92.6
1.79
10yr note doing its "safe haven" thing
my trade desk guy says 162 is the next resistance in yield. won't be an elevator drop though.
Trading range has been locked in with this week's auctions - 10s on Tuesday at 186 to 193 max.
I own TBT and TLT as a hedge - lost a little but hey -
good luck - NoVa
Lagarde proving she's a clown
sez oil dropping good for US/global economy
I hope they raise it to 100%...it takes the casino away and back to more a real market...
GOld, and Silver margins to 0 by end of year
At this point, what differnce do PM circuit breakers make?
They interrupt the relationship between the exchange price, and the market price.
I wonder what Xi and his ministers are thinking right about now.
The world is a joke.