Thanks, Jet Jaguar.
Ping to a question, also check out #10.
This seems to be a good time for BP to appear with his answers.
PING TO:
RED ALERT: FX Dislocation In Process
Market Ticker ^ | 2-16-2009 | Karl Denninger
Posted on Monday, February 16, 2009 8:47:40 PM by dangermouse
8:17 CT
I do not know what is going on here, and I don’t think I want to.
Someone, apparently someone in Asia, wants dollars. A LOT of dollars. There is a forced-liquidation event underway that is massive, it is against all asset classes and it is spreading.
It originated at approximately 7:15 CT this evening and originated out of Asia somewhere. All of the primary currency crosses got hit at once - Euro, Pound, Yen - all weakened dramatically against the dollar and it is still going on. The Asian stock markets got walloped at the same time in coordinated waves of forced selling.
. . .
http://www.freerepublic.com/focus/f-news/2187216/posts
AND
http://www.freerepublic.com/focus/news/2187175/posts?page=63#63
Thanks!
Thanks LucyT.