[PhiKapMom]

Have to admit this thread has told me that I don’t have a clue about what is going on in the world financial markets. Layman’s language would be nice.

Have little left in the stock market so I am sitting back watching what is going on worldwide and understanding very little.

[RobFromGa]

it’s not that hard, you take the square root of the beta of the short derivative price divided by the value of the British pound in yen, multiply by pi, convert to euros using the 6 month forecast value and the spot price of crude oil, then buy ammo and three 50# bags of rice at Sam’s Club...

and don’t forget to hit the cash machine afterwards.

works for any situation...

[LostInBayport]

Have to admit this thread has told me that I don’t have a clue about what is going on in the world financial markets. Layman’s language would be nice.

You're not alone, PhiKapMom...I've read a lot of the great articles posted on here by fellow FReepers, and I think I've learned a hell of a lot more about economics than I did in school. But just when I think I have a grasp on things...I am quickly reminded that I don't.

I want to do something...awaiting a firearm permit, stocking up on food a bit here and there...but financially...well, I have some money in savings and a tad in mutual funds. Inflation, deflation, stagflation, Obamanation...not sure what to expect!

[rb22982]

Layman's language---Someone BIG needed a LOT of US dollars and liquidated holdings in virtually every currency to buy dollars. Could be a large bank, could be a country, or it could be a number of institutions.

Usually when the Euro has tanked, the Yen skyrocketted more than the $ but tonight the Yen dropped WITH the Euro. Even stranger is that gold went up a lot against the $ even with the $ strengtening against virtually every currency in the world. Could be loud noise--or it could be something big is starting to blowing up. If it continues into the night, expect the Fed Res to lend out dollars to other central banks.