- advertisements -
EURUSD movement smells like insider trading ahead of a FrAAAnce downgrade.
planned for February 29, 2012!!
Why February 29 2012?
Leap year>Frogs>birthday of leap frogs. There.
Falak, yesterday I saw an Auto-Rickshaw (tuk tuk for the un-initiated), with FALAK in big bold letters on it's wind-shield. Good fun.
As fer Current Sea wars? It's the sub-set of the oil wars and super set of the PM wars.
Out of context if all three are not shown together. Price action is all relative.
Two of my favourite fellows, back-to-back.
Orly! Where have you been? Good to see you. :-)
...Leap year>Frogs>birthday of leap frogs. There.
You sly dog, you!
Are these numbers "seasonally adjusted?"
Press TV banned in England over criticisms of British Government.
well all be, times are changing rapidly, hold on
"Press TV banned"
Yes..., and they will be sorely missed,I'm sure. <sarc>
Damn brits should have known better than to allow all of thos iranians to immigrate over there. Going to the city is like taking a trip to Tehran. GD mosques all over the place and mullahs walking around on the streets.
'This black stain will be recorded in history along with other acts of aggression of the British monarchy.'
Those Persians are making too much sense, don't worry, they'll manipulate the Yanks into a bombing in no time...
Persian is what Iranians claim to be so they don't have to say they are from Iran.
"EURUSD movement smells like insider trading ahead of a FrAAAnce downgrade."
Looks like banks trying to get the FED to print. The US cannot have the euro below 1.30 especially in an election year. The USD is turning into a big wrecking ball for the economy not just commodity or stock prices. Wait until those GDP and unemployment numbers start to hit the news media.
Damn, why is it that 2012 is starting to look like the worst financial year of our lives? Hopefully, it is just the inevitable cynicism that comes with age. :-)
Currency Wars, Bitchez!
Nothing new here, except we might skip that trade war and just go to plain old fashioned war.
"The United States is turning our attention to the vast potential of the Asia-Pacific region.
— Barack H. Obama
And hey! Putin is in hot water in Russia. So he too will want a new war to grasp a fuller grip on power. Everyone wins! Higher aggregate demand! Social darwinism! Military-Keynesianism!
...we might skip that trade war and just go to plain old fashioned war.
...we might skip that trade war and just go to plain old fashioned war.
The MIC says Episode 2 will be The Drone Wars.
Didn't you watch Star Wars? That should be The Clone Wars.
My hope is that Keynesians, Monetarists and Austrians are all wrong and we just have a Minsky moment meltdown where everyone is too stunned to actually go to war. Either that or a natural catastrophe of Biblical magnitude that would, paradoxically, save us from ourselves.
What are your New Years hopes and dreams, h_h?
2. Austerity over decades.
4. Deflation and liquidation of mal-investments.
1. Print more money to fill the GDP gap.
2. Borrow more money to fill the GDP gap.
3. Tax more money to pay other people to fill the GDP gap.
4. Tax savers and spend the money to fill the GDP gap.
1. Print some more money and pass it around to bankers.
2. Print more money and pass it around to politicians.
3. Remove gold and silver from marketplace.
I'd say a precursor to WW3
I think we are in the III WW currently....
Not all Wars are physical...this has begun financially
If you go back to the beginning of WWI, you can draw a line of causality all the way from that war to our present conflicts. I would argue that we have been engaged in a single global war for the past century with various hot spots of different intensity throughout those 100 years.
excellent point. top notch. +100
(whoever gave you the down ding, lacks a clear historical understanding)
I've been telling my family since they were puppies, that WW ver1.0 has never been resolved on many different levels. You have to give the Koreans credit, at least they call a spade a spade.
WW1 can be traced back to the 30 Year War.
Correct. Just as the US Civil War is traced to the Revolutionary War and the unsolved issues.
I still think that some of those Civil War issues might resurface at some point. I remember when I passed through North Carolina once a few years back and heard some southern bells complaining about Yankees screwing the state. North Carolina never surrendered. :-)
Yes, Yankees have screwed our state. Higher tax burden than Mass. now, thanks to all the dipshits moving down here from Jersey who don't undestand all the superfluous government services they got used to up there cost money but since they've started clamoring for them here I hope the'll understand. SC is next on their list.
I wouldn't agree that the line is "causality", but one of near perfect "correlation" (1).
Your point is a perfect illustration of recency bias. Ongoing warfare was the reality and the norm and long periods of peace and prosperity as seen in the 20th century were the anomaly. Keep in mind that in every generation prior to WW1 there was an epic, devastating war that detroyed a nearly identical proportion of the population on a % basis. It was just accepted. THe only major shift was ww2 where the casualties became mostly civilian and less armed forces. It was "state-sponsored terrorism" warfare. Prior to that wars were fought on battle fields.
only one "state" has been at war for 10+ years, otherwise it would be all quiet throughout the world; Libya having a gold and silver dinar and highest standard of living in Africa, Africa standard of living improving with Libya's help, Iraq selling oil for Euros, Pakistan worrying about India instead of US
I'll point out here that Native Americans went to war, on average, only every few generations, because when there is only 50 people in your tribe, a war will wipe out your bloodline.
Usually if there was a problem between tribes, it was settled by a top warrior from one tribe and a top one from another.
Sounds like West Side Story on the reservation.
The 20th century was marked by a great time of prosperity/abundance brought about by energy (Oil, Coal) and innovation. However, human history has been one of fighting over resources, so I suspect that once these become scarce, war is inevitable. I mean, come on, 9 Billion people by 2050. That is the world's carrying capacity with infinity oil. The only way to equilibrium will be famine or war. I hoped that capitalism through its price mechanisms will prevent coming to that. Now, I see that when capitalism tries to balance, politicians and economist call it a failure and go into a command/directed economy under the guise of stimulus and investment.
If you go all the way back to Adam & Eve, you can draw a line of causality all the way from then to every war.
Did Adam & Eve actually exist? Creationist!
Just replace "adam and eve" with "2 apes flinging shit at each other"
I was kidding there OK. Could be two amoeba flagellating something at each other for all I know.
Can someone explain the drop in euro price verses the swaps
Someone else is selling more than the ECB is tying up with the US??
The question is: when will they qe again?
Notional GDP targeting is next. Print until you hit your desired GDP target, inflation be damned. Begins January 1st, but they'll announce it later than that.
Agree. Launching a new "QE" would be a very unpopular move. If the FED goes through the pain one more time, they might as well just make it an ongoing program. Like some sort of inflation adjusted GDP target. I don't think financially anybody escaped (other than insiders and politicians) this year without feeling some pain. The notion of "liquidity" is probably more palatable today than it was 6 months ago. The "do something" mentality from the average Joe will hit soon. Politicians only know how to spend, and the FED only knows how to print.
QE has a half-life. Each new QE has less efficiency meaning shorter (in terms of duration and also magnitude) economic upswing at the price of higher inflation (the real one, not the FED's one), widening wealth gap hence social unrest. Each new QE puts the Status Quo at jeopardy ever more.
Wake-up. NO QE any time sooon, especially in an election year!!!!
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.