Ping for your input.
Yikes!
I have no idea what all this means but I sorta read: BAD BAD BAD
I agree ! What is up with the nuclear bomb montage?
ping!
Welcome to flights to quality...and deflation.
U.S. Futures heading way down. Gold and Silver up big... something is going on. Thanks for the info.
Would you mind putting this extremely bad news in layman’s language so we can understand?
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One thing that is going on in Asia is the buggest run on a currency in history - the Ruble.
Another is almost $2 trillion in short term debt to Western Europe from West Asia and Eastern Europe and its really not clear they can pay.
This will put some large European banks and even countries at risk.
Gonna be a heck of a ride and the U.S. is better off than most others. Thus the flight to dollars.
Oh, come on. Obama and the Democrats eat “hundreds of billions” of dollars for breakfast. Trillion is no longer a insurmountable sum. Have no fear, the Obamassiah’s gonna save us.
ping
From what I understand, Poland is about to default on debt. Same with Ireland. The Euro is tanking on this news, dollar soaring, temporarily at least. Big worry is that counterparty risk through derivatives will cause the defaults in Europe to “jump the pond” and the whole ball of wax starts melting down.
Yikes bump for look tomorrow morning!
Korea Bank Funding Costs Rise to Record on Woori Woes (Update1)
http://www.bloomberg.com/apps/news?pid=20601080&sid=asIynTA6wD48&refer=asia
Soros?
I’m not so sure it’s a panic level movement.
EURUSD is down 150 pips. USDJPY is up 100. GBPUSD is down 100. USDCAD up 70. AUDUSD down 70.
There’s definitely some buying going on. But if you only go back a little while on the chart, say, the 11th of Jan, you find a 400 pip drop on the EURUSD within 2 hours.
And, the ES futures, while down a bit (10pts), are not signaling anything out of the ordinary at this time.