Originally posted by: CLite
Originally posted by: GTKeeper
Originally posted by: CLite
Originally posted by: GTKeeper
What we are seeing are MASSIVE forced liquidations about 1 trillion dollars worth. I think it is a massive flight to 'safety' of the dollar which in turn makes the dollar stronger. So FX dislocation means currency dislocation as in a MASSIVE about face in the market momentum of foreign currencies.
Btw, Russian Exchanges are closed at the moment and its not a holiday.... we may be seeing the begining of a Russian default.
Yes a MASSIVE ABOUT FACE IN THE CURRENCIES MARKET OMG....RUN FOR THE HILLS BUY SHOTGUNS AND WHISKEY.
Or not.
http://www.cnbc.com/id/15839178/
LOL, wtf is this? you put up a link to a bunch of charts? The point is that 1 trillion dollars worth of USD currency was bought. The point is that other currencies are going down meaning EUs and more specifically Asia's and Easter European countries' debt just got a lot more expensive. Get that?
Ok, given your response I really shouldn't even involve myself at this point. But are you really this dumb? The charts I linked are the fucking currencies markets you seem to be going bananas about.
If a serious amount of cash was moved and an "about face" was reached you would see bigger reactions. Look at the 3 month histories/etc. we aren't seing drastic movements. Keep on spouting off like an idiot about 1 trillion dollars omgz.
So no EU's debt has not just got a lot more expensive it has only changed by 1.5% versus the dollar. The swiss franc which is used in all the loans to Eastern Europe by Austria has moved by a whopping 1.21% versus the dollar. Of course all this histeria going around contributed to the jump at opening, however the pound has already normalized after this jump and I imagine the other currencies will normalize as well.