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Is there something about the Japanese culturally that makes them such sheeple? WTF
CNBC must be saving the L-Pap announcement for soon-to-be ramp. One more hour till eleven, right?
hey japan! here's an idea! why don't you channel that money to help civilians cope with health costs and rebuilding. or, for that matter, relocation! see, money does come before health and living conditions!
Halloween shorts massacre
EUR Santa Claus??? No. Dumb money???? YES!
And here's what the lunatic Swiss counterpart had to say abt their own little pet project:
*JORDAN SAYS SNB FACING `DILEMMA' ON EXPORTS, DOMESTIC ECONOMY
*JORDAN SAYS SNB NOT WEAKENING FRANC TO GAIN EXPORT ADVANTAGE
*JORDAN SAYS SNB WOULD ACT TO PREVENT DEFLATIONARY THREATS
*JORDAN SAYS SNB TO MEET MANDATE AT `ANY COST'
*JORDAN SAYS SNB CAN'T MOVE RATES INTO NEGATIVE TERRITORY
*JORDAN SAYS SNB WILL CONTINUE TO CONDUCT INDEPENDENT POLICY
*JORDAN SAYS SNB TO IMPLEMENT CAP WITH `ALL CONSEQUENCE'
*SNB'S JORDAN SAYS FRANC REMAINS AT HIGH LEVEL, SHOULD WEAKEN
*FRANC CAP DOESN'T LIMIT SNB INDEPENDENCE, JORDAN SAYS
*JORDAN SAYS SNB TOOK CAP DECISION AFTER `LONG CONSIDERATION'
*SNB'S JORDAN SAYS PRESSURE ON FRANC WILL REMAIN
*JORDAN SAYS SNB READY TO TAKE FURTHER MEASURES IF NEEDED
*JORDAN SAYS SNB MANDATE IS PRICE STABILITY
And the punch line with a straight face:
RTRS - SNB'S JORDAN SAYS WOULD BE WRONG TO ENGAGE IN COMPETITIVE DEVALUATION
The fact that XRT is only $2 away from lifetime highs.
During the greatest recession in decades.
That proves that TPTB has supreme ability to manipulate stocks, currencies, and commodities at will.
If natural forces were left alone, the Dow would be at 8,000, gold at $5,000 and oil at $300.
Instead, we have booming retail stocks, booming REITS, etc.
And don't even get me started on the restaurants like PNRA, SBUX, etc.
The most credible thing you've posted, maybe ever. I'll ignore the sentence prior and give you a green arrow (first time!)
BOJ will peg the jpy tonight at 80 level. Will go same as SNB.
Its better have strong US dollar than euro.... no matter how many people want to see the dollar crash.
If the dollar crash completely i don't see any1 will have much fun wither PM either at that point.
"It would not surprise us if the BOJ were forced to throw far more good money after bad "
Who says it was good money to start with?
Currency is not money. Beginning, middle, and end of story.
BTW, I've never seen a Chinese Santa at Macy's. Wonder how that would fly...
The only thing that can save Japan is a strong dollar. Which is the only thing that can save the real economy of America. The problem lays with the fact that a strong dollar destroys the Ponziconomy.
A stronger dollar would curb massive inflation in the USA coupled with the reinstatement of Glass-Steagal and the outright burning of the CFMA. The idea that weakening the dollar will help the American economy is madness. A weak dollar only helps equities traded on bullshit free money.
I tell people the stock market is based on the same idea as a person running up a credit card to the max and then using another credit card to pay the minimum on the first card while also running the new card up to the max. The hope is something that you bought will increase in value to the point you can pay off the cards while still retaining everything else you bought. In the form of the Fed the investment banks have an unlimited supply of credit cards.
If you knew you could keep running cards to the max and always have another card with a larger line of credit to transfer the debt to, and knew that no matter what happens you would not be held accountable for the debt, what would you do?
I try to explain the commodity market in this way. You borrow $30k to buy a classic car at an auction and you buy it for $30k. When the next auction comes up you borrow more money to buy the exact same model as the car you bought before. This time you pay $60k for the car, thus increasing the value of the car you already bought by $30k. You sell the first car and this enables you to pay back your original loan and make a 100% profit on money you never really had. All of a sudden you have created a mad dash for that particular model as everyone has noticed the extreme rise in that commodity. Now you can put the second car up for auction and watch the rush of bids come in. You may be able to sell the second car for enough money to pay back both borrowed sums and walk away with $60k in profit or more on borrowed money.
That is the state of our economy. Creating inflation as to increase the value of holdings in order to profit off borrowed money. Most people don't understand leverage so I don't clue them in to the fact that the bank got to buy the $30k car and sell it for $60k while only borrowing $1000. If you walked up to a person on the street and said, "Hey, how would you like to make $30k off $1000." You would probably have the cops called on you.
Everybody duck! Here comes the peg!
When's today's bailout-by-China rumor scheduled? I'm thinkin' around 3pm EST (right after S&P turns red).
Someone really has to review what the definition of 'half-life' is.
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