The CB interventions make for some wild rides, but it's the CDS and other unwieldy derivative unwinds (which won't unwind in an orderly way but in crazy crash destruction) that will stop your heart.
On another note, the muppets are finally getting in on the action and fighting fire with fire........at least in Pakistan.
"The U.S. has terminated funding for a $20 million project to develop a Pakistani version of Sesame Street, the U.S. Embassy said Tuesday. The decision came as a Pakistani newspaper reported allegations of corruption by the local puppet theater working on the initiative."
The Count took all the money from the rest of the muppets, then complained about too much regulation and taxation on the stolen money. Big bird self-immolated and the cookie monster had to switch to generic cookies to avoid claims of runaway inflation.
Same here. I have no worries that bumblefuck central bank employees will fuck it up and broadly miss any benefit promised.
BTW to any Japanese readers, that would be your que to take all your money out of the banks and get out of the stock market before every one and the asshole cousin does.
Ummm... It was Jun Azumi taking the stage at the G7 press conference and talking about the Yendo.... I'm sure there were some algo stop hunts in there too, but for it to be a ZH post.. really? There are other bigger things going on right now~
Ouch. How many people have been burned by shorting Japan over the years? I still agree with Kyle Bass but he is obviously way ahead of the curve on this as his position has to be down well over 30% YTD.
I'm not an FX guy, but is a 1% jump that crazy? Also, why post the JPY/BGN graph when the JPY/USD is similar? Bulgaria? I must be missing an inside joke.
This JPY spike and last week's Treasury price spike up/yield spike down are examples of how one can be right on the fundamentals and technicals, but get bankrupted by the interventionals known only to the elite insiders. Your logical trade could be underwater or stopped out when you wake up in the morning.
It is seemingly insane that anyone, even muppets, would lend for 30 years at 2.5% to an out-of-control gubmint running 1.5 trillion annual cash basis deficits, with 15 trillion in debt on the books and 80? trillion off the books.
Endgame is in sight - the largest transfer of wealth in history from small hands to huge (as usual). Govern yourselves accordingly.
Disclosure: Long silver, gold, steel, lead, food & rope.
Those export companies in Japan are probably using helicopters to drop money on politicians. Hey, destroy our currency so we can export. Never mind that we import everything else, which gets more expensive... fuck sakes.
Fuck you Bernanke!
It's funny every time :)
agree^
only the algos are trading the markets now anyway.
Not fast enough for a pure algo.
Expect these interventions, either directed by central banks or directed at central banks, to escalate exponentially.
Strap in folks. The ride is about to get real.
Well, I certainly hope you are correct CD. Been waitin' a long time.
The CB interventions make for some wild rides, but it's the CDS and other unwieldy derivative unwinds (which won't unwind in an orderly way but in crazy crash destruction) that will stop your heart.
"I know, right?"
(Trying out my newly acquired high school jargon.)
Wait, what?
An "E" ticket ride.
On another note, the muppets are finally getting in on the action and fighting fire with fire........at least in Pakistan.
"The U.S. has terminated funding for a $20 million project to develop a Pakistani version of Sesame Street, the U.S. Embassy said Tuesday. The decision came as a Pakistani newspaper reported allegations of corruption by the local puppet theater working on the initiative."
http://finance.yahoo.com/news/us-terminates-funding-pakistani-sesame-102620969.html
Yeah, but I'm sure the puppet theatre can just pull some strings...
[boom, boom]
I'm here all week. Try the linguine.
The real terrorists. I don't like the looks of that green one down in front. Watch him carefully.
Where's Waldo?
Poor taxpayers, they've all got somebody's fist up their ass.
With at least 4 kermits running around the corruption became obvious to the ISS. They were very suspicious about the one in the trench coat.
The Count took all the money from the rest of the muppets, then complained about too much regulation and taxation on the stolen money. Big bird self-immolated and the cookie monster had to switch to generic cookies to avoid claims of runaway inflation.
But Oscar the Grouch was well-prepared and his gold is worth more every day.
I'm surprised that Bert couldn't smooth things over...he's got an in with al Qaeda after all.
Space Mountain, bitchez.
Nope!
I don't.
Same here. I have no worries that bumblefuck central bank employees will fuck it up and broadly miss any benefit promised.
BTW to any Japanese readers, that would be your que to take all your money out of the banks and get out of the stock market before every one and the asshole cousin does.
Disclosure: Long gold...fuck paper IOU's.
Benny got a hard on!!
Its a natural function of the biology.
There IS a bull market in the Yen, after all.
why does the acronym BOJ always remind me of BLOWJOB
Because they, like all central banks, suck dick.
Tim Geithner whopsda baby. Move along.
Quickest way to juice a quick return is to do a short squeeze.
Same likely to happen to the euro?
just another algo driven stop hunt?
Looks more like an all systems go hunt.
Maybe it's an extension of diplomacy by other means.
The transit of venus is this evening in ny
My neighbour's dog died.
Sorry. Right. Who am I? Where am I?
Great lager!
preceeded by the transit of 'penis' (above)
MUST. NOT. MAKE. JOKE. ABOUT. SEVENTH. PLANET.
Men are from Mars, women are from Venus.
Mrs. Cog is an entirely different species. I'm all for interplanetary communication of the most personal and intimate kind.
http://www.amazon.com/Mars-Women-Venus-Communication-Relationships/dp/006016848X
Men are from Mars.
Women are from Macy's.
Missing Uranus?
Uranus is a gas giant
"... You know, I really enjoy sitting out here, on your Big Deck, staring at Uranus..."
No matter where you go, no matter what you do, it always seems that the banksters are aligned with Uranus.
So what exactly is BOJ doing to send all currency pairs against the YEN rocketing all at once? Its not just USD.
Ummm... It was Jun Azumi taking the stage at the G7 press conference and talking about the Yendo.... I'm sure there were some algo stop hunts in there too, but for it to be a ZH post.. really? There are other bigger things going on right now~
Not really.
Looks like its just testing the 200 DMA like everything else
Ouch. How many people have been burned by shorting Japan over the years? I still agree with Kyle Bass but he is obviously way ahead of the curve on this as his position has to be down well over 30% YTD.
They're bound to gun if those foolish retards leave a shitload of conditional orders in plain site
I'm not an FX guy, but is a 1% jump that crazy? Also, why post the JPY/BGN graph when the JPY/USD is similar? Bulgaria? I must be missing an inside joke.
This JPY spike and last week's Treasury price spike up/yield spike down are examples of how one can be right on the fundamentals and technicals, but get bankrupted by the interventionals known only to the elite insiders. Your logical trade could be underwater or stopped out when you wake up in the morning.
It is seemingly insane that anyone, even muppets, would lend for 30 years at 2.5% to an out-of-control gubmint running 1.5 trillion annual cash basis deficits, with 15 trillion in debt on the books and 80? trillion off the books.
Endgame is in sight - the largest transfer of wealth in history from small hands to huge (as usual). Govern yourselves accordingly.
Disclosure: Long silver, gold, steel, lead, food & rope.
You might want to throw in some pitchforks and torches just for dramatic effect.
Those export companies in Japan are probably using helicopters to drop money on politicians. Hey, destroy our currency so we can export. Never mind that we import everything else, which gets more expensive... fuck sakes.