ECB presser today
Watch for unexpected strength in the €uro when Draghi fails to announce the expected QE.
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That means Boris is going to pull it off!
Remember
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Some breath-taking facts about the Chinese financial system.
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Obviously not an Enron or Blockbuster stock holder
Probably have time to post a few over next couple months. Strictly small easy scalps. Each produces between 1 and 2 percent increase in account size – adds up nicely if you have developed a decent size account.
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Have recently opened short on EU, it could after all be a bad move…
If you think the FED has it covered - start panicing - worth watching ALL of this.
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Well…
The 2008 crash was caused by Greenspan et al ending the zero-rate money supply and jacking up rates to 5% over an 18-month period.
Arguably they should have never gone to zero in the first place, maybe that is the major lesson which was not perceived.
So now, after a second extended period of zero rates … when rates go to non-zero at a measurable mark, even if it is invisible to most because it is in the Repo market, we are going to start seeing bankruptcies … the tip of the iceberg.
This is the creation of Richard Nixon when he unhooked the US$ from Gold in order to be able to create more money than was actually available.
Maybe I will start believing in God … there is nobody else to pray to.