Dollar Erases Mnuchin Massacre On Safe-Haven Surge

With all the jawboning of the last two weeks having failed, all it took to erase US Treasury Secretary Steve Mnuchin's dollar massacre was the biggest VIX spike in history and the biggest Dow points collapse ever...

Quite an impressive move...

But context is key..

 

Treasuries and gold are down (in price) as the dollar jumps.

Comments

MusicIsYou Tue, 02/06/2018 - 08:20 Permalink

Oh but you don't want a strong dollar because it's bad for trade and what's bad for trade is bad for markets.  So basically, if the dollar is jumping because the markets are going down, then the dollar jumping will continue to push markets down, one being the cause of the other over and over and over. 

Fiat Burner Tue, 02/06/2018 - 08:20 Permalink

Quick! Buy the currency that will be need to be destroyed in order to prevent the ponzi from collapsing!  

Most investors are fucking morons. You can't make money if you're rational. It's a damn shame.

FoggyWorld buzzsaw99 Tue, 02/06/2018 - 10:53 Permalink

Forget where I read it but that Mnuchin Tax Haven deal isn't quite what many of us thought.

There apparently is no time frame when that money has to be returned to the US.   So much of it may just be sitting where it was but they took the bargain taxation to protect it should they ever want to return it to the US.

And we do know that no restrictions on what they might do with it were ever part of the deal.

 

In reply to by buzzsaw99

Seasmoke Tue, 02/06/2018 - 08:38 Permalink

The dollar is not a safe haven. It is a death machine. What a fucking joke these markets are. They will do anything, say anything and go anywhere, just to stay out of Gold. 

MusicIsYou Tue, 02/06/2018 - 08:40 Permalink

One of these days many gamblers are going to look at their market accounts and where one day their Brokerage retirement account said $800,000 instead it'll say $8000.

MusicIsYou Tue, 02/06/2018 - 08:46 Permalink

One thing for sure, the 1000's of people who get financially  wiped out when the markets finally crash will feign being a victim.  It's just about a fcking guaranty they'll feign the victim. It's the American way: play with fire,  get burned,  feign the victim. 

MusicIsYou Tue, 02/06/2018 - 08:52 Permalink

Hey maybe when they lose everything in the markets they can start a Go Fund Me page. It'll fit right into the western crazed #Metoo way of thinking. Wha what #Metoo,  I feel your pain,  Go Fund me. 

JailBanksters Tue, 02/06/2018 - 09:33 Permalink

Trump might be running the Whore House but ....

The Joo World Odor still controls the flow of Money.

To drop 666 rounded up, not 660 or 670 but 666 is more about sending a signal to trump as to who's STILL in control.

 

 

Avichi Tue, 02/06/2018 - 09:36 Permalink

Classic FEAR Psychosis- Watch for President #TRUMP  drive another dragger into the FED manipulation and send FEAR- Today they NASA IS SENDING ANOTHER SECRET MILITARY SPACE MISSION. WARIII -T-100..99...98 "EMERGENCY WILL BE DECLARED" -MARTIAL LAWDemocRATS and the CABAL(ROTHCHILDS/CLINTON FOUNDATION/BERKSHIRE HATHAWAY/BILL/MALINDA FOUNDATION/HOLLYWOOD CABA/WALL-STREET CABAL/SILICON VALLEY CABAL) are going TO GO UNDERGROUND,OBAMA,CLINTON AND HER CRIME FAMILY ALONG WITH SOROS AND THE GANG ARE GOING UNDERGROUND. WE WILL HUNT YOU DOWN.

MILITARY INTELLIGENCE IN FULL CONTROL

 

THIS IS A WAR BETWEEN GOOD Vs. EVIL - PLANE AND SIMPLE

THESE BASTARDS HAVE TO BE PURGED AND ELIMINATED

 

GO #MAGA #TRUMP 

cheech_wizard Tue, 02/06/2018 - 09:46 Permalink

> and the biggest Dow points collapse ever...

and in terms of the biggest Dow percentage collapse?

This doesn't even make the top 20.

Standard Disclaimer: Spare us the click-bait. Give us the real crash.