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Global Bond Yields & Crude Tumble As EURUSD Tests 1.10
EURUSD rallied 100 pips into Draghi's press conference as weak shorts covered but the moment he opened his mouth), it collapsed and is now looking to break to a 1.09 handle for the first time since 2003. Despite hockey-stick-like expectations for EU growth, bond yields are compressing (as EU arbs the world) and oil prices are waking up to the reality that China took an ax to its growth expectatiuons overnight. But apart from that, stocks are higher...
EURUSD pump... and dump...
European Sovereign bond spreads are compressing...
Treasury yields tumbling...
and Oil sliding fast...
Charts: Bloomberg
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Flight to cleanest-dirty-shirt...
Has anyone else noticed the amusement ride has sped up.....significantly?
Yup, not amusing.
I feel sorry for all of you daytraders having to cope with large daily doses of stress.
Got Obamacare? /s
sitting on the dock of the bay,
watching suckers get blown away...
Orders have been dropping off a cliff here at an aluminum rolling facility. First, we had rollouts on Sundays in January and February.
Now, within the past week, they also added no production days on every Monday and we are scheduled to make half (!) the usual volume and we're talking a difference of ten million less pounds of production with the change.
For the past five years, I've read every day about the deteriorating economy, but in the past two weeks or so, it sure as hell seems like companies are finally responding to real signals from the economy instead of responding to artificial demand from financial wizardry and things are definitely accelerating.
Soon enough the USD ratio will be more than the Euro. Just a matter of time before the Euro self destructs.
Japan is on a course of self-destruction as well.
If it gets cheap to visit Europe I'll have to dream up another excuse to the wife as to why I never want to vacation in the Fucking sesspool
Your wife is aware of exchange rates? That is unusual.
Does that mean you seriously know a better place? Where to go on on vacation, come on, give a few hints. Where you not want to go is uninteresting, tell where you go. :)
Some place that no one else goes to.
Hint: there may be long periods of walking involved.
Mordor?
Tivat, Montenegro and the Adriatic coast is a nice area.
Tests 110? 75 to 85 a T on a T/F quiz.
Ho hum, so used to total manipulation now. Hey! it might snow later.................
Will be great time to travel abroad. Amazing deals on Amsterdam prostitutes!!
euro > dollar or
euro < dollar by the end of the year
here's to hoping one day these central bank cleptocrats fall of their high horses.
Oil at $50ish gas hitting $2.70, hysterical
Luckily gas here hasn't jumped much, still around 2.20.
Up about 30 cents here in hell - I mean, Pittsburgh - over the past three weeks or so.
First Supercharger Station built here...surprising as this is the middle of nowhere.
Ten years and gasoline consumption will be 90% less in the USA.
Well, when oil was $10 gas was $0.75/gallon. Also, oil inventories way up, refined products inventories lower this week. So stop complaining.
Headed towards parity bitchez!
The plan: talk up the dollar, squash the euro. Peg at parity. Two become one.
Yes! And about fucking time, as I always say. Let this whole thing crash, already, maybe there's still time to manage the consequences. The possibility to get out of this alive diminishes day by day. So hurry up and crash already, we have important things to get done, here.
"But apart from that, stocks are higher..."
And that is all that matters, boys and girls. Onward and upward, bitchez.
Our central planners seem to think that you can create inflation without a rise in commodity prices, because the latter would be the coup de grace (instant death) of the world economy (as 90% of the people on the planet have shrinking real incomes). This is price distortion of the first degree, and this will backfire really badly once it is all said and done (shortages due to too many bankrupt producers). Until then, I expect the Euro and oil to trade in the same general direction.
Paging Houston...
Australia's biggest strawberry producer went into receivership today. But luckily we have frozen hepatitis berries from China to satisfy our hunger.
Correct, CHX, and the push of the greedy unions have been neutered by offshore relocations, so push-pull inflation has no thrust and never has had a gyroscope.
This ain't good. It's best to have an eject option from the madding revolt to come.
Everyone takin out 7 years car loan to lever up on stawks! Yippee ki yay!
Not nearly enough leverage there! We gotz to get into the shadows, if money shall flow like spice ...
Dafuq is with the 30Y?