Posted on 09/13/2010 6:57:03 PM PDT by blam
Nikkei Dips Slightly, While Surging Yen Is The Canary In The Coalmine
Joe Weisenthal
Sep. 13, 2010, 8:38 PM So far the opening of Japanese trading is a big snoozefest. The Nikkei is going nowhere fast.
Image: Nikkei
More interesting is what's going on in the yen, which continues to crush the dollar, and as we noted earlier, is definitely inconsistent with the seemingly bullish tone of global equities.
It's rallying again in recent action.
[snip]
(Excerpt) Read more at businessinsider.com ...
Joe Weisenthal
Sep. 13, 2010, 9:32 PM
Brand new record for the yen. Queue talk of BoJ intervention!
the yen, which continues to crush the dollar
~~~~~~~~~~~~~~~~~~~~
that’s going to be interesting...
D-E-F-L-A-T-I-O-N
Part of the reason I purchased my Yamaha
and Kawasaki bikes in late 2008/mid 2009.
I saw the dealers dropping like flies on
the heels of the GM failure. I picked up
a 2008 Harley in June 2010 before my
stock values took a dive. I have good,
fuel efficient tranportation in hand
ahead of rising fuel prices and inflation
that will trash my ability to buy. Japanese
bike.
you have 3(!) motorcycles?
I wonder if the huge yamaha-kawasaki-honda dealership in my area went under? I noticed a week ago it wasn’t there anymore. I assumed they moved.
Don't worry...Obama will make him share with us.
yeah! Teach you mr rich whitey pants! Hand over a motorcycle.
Yeah, who the hell does he think he is owning 3 motorcycles!
I may call Eric Holder tonight...it’s so unfair.
I don't have 3 motorcycles. I have 7. 3 Yamaha, 1 Harley, 1 Kawsaki, 2 Piaggio (my wife's bikes). I wish I was home to enjoy them, but I've been 930 miles from home for most of the last 2 years. My wife and I are getting very tired of the extended out of town trips destroying any time to be together. Being unemployed would be worse, so we deal with it. Being able to ride my motorcycle over the 60 mile daily round trip saves lots of commuting expense necessary to keep the pay check coming. I'm on this trip completely on my own. No expense reimbursement. Compare that to more "normal" mode working from my home office with zero commute. I've run up 20,000 miles on my 2008 Mercury Mariner Hybrid to keep this job. The other 15,000 miles were done on 2 wheels. I average 1300+ miles on the bike each month. I did get a reprieve from Feb 5th to July 5th when I ported 1.4 million lines of C++ from a 20 year old base of code on SPARC Solaris with Forte C++ to Fedora 12 g++ 4.4. That saved 6,000 miles of daily commuting and allowed some time with my family. I've been home 2 whole days since July 5th.
I still refuse to invest in this market because of its oddly detached giddiness in the face of global threats. Equities are currently being driven up by program trades playing upon temporal little blips of “good” news - beating the expectations game for one short-term statistic or another. At the same time, traders are completely looking past the gathering storm of debt, deflation and credit collapse. It is like watching someone cheerfully pick out four-leaf clovers in an open field, blissfully unaware of the tornado bearing down upon them.
Good points but don’t be too influenced by all the bad things happening in the US economy.
There are good things happening elsewhere.
The only good thing I see on the horizon is the coming of November 2nd.
Ok...that means japan will have a real hard time exporting anything, but will go on a worldwide buying spree buying up land and factories in other countries.
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