cwd Posted September 20, 2007 Report Share Posted September 20, 2007 Fears of dollar collapse as Saudis take fright Saudi Arabia has refused to cut interest rates in lockstep with the US Federal Reserve for the first time, signalling that the oil-rich Gulf kingdom is preparing to break the dollar currency peg in a move that risks setting off a stampede out of the dollar across the Middle East. The Saudi central bank said today that it would take "appropriate measures" to halt huge capital inflows into the country, but anal cysts say this policy is unsustainable and will inevitably lead to the collapse of the dollar peg. There is now a growing danger that global investors will start to shun the US bond markets. The latest US government data on foreign holdings released this week show a collapse in purchases of US bonds from $97bn to just $19bn in July, with outright net sales of US Treasuries. The danger is that this could now accelerate as the yield gap between the United States and the rest of the world narrows rapidly, leaving America starved of foreign capital flows needed to cover its current account deficit - expected to reach $850bn this year, or 6.5pc of GDP. Jim Rogers, the commodity king and former partner of George Soros, said the Federal Reserve was playing with fire by cutting rates so aggressively at a time when the dollar was already under pressure. 609148[/snapback] So, are interest rates headed higher? 609168[/snapback] It looks like Weimar run has started. current futures quotes SI Z07 13085 13570 13035 13565 + 460 CD Z07 98600 99780 98550 99970 + 1310 GC Z07 7296 7464 7289 7459 + 164 GC V07 7240 7381 7235 7381 + 151 TX Z07 79110 79140 78520 78525 -665 US Z07 N/A 111230 110310 111040 -200 SP Z07 154090 154200 153400 153850 -290 TY Z07 N/A 109175 108315 109035 -155 Link to comment Share on other sites More sharing options...
Jimi Posted September 20, 2007 Report Share Posted September 20, 2007 HGX back under 169. Link to comment Share on other sites More sharing options...
cwd Posted September 20, 2007 Report Share Posted September 20, 2007 Canadian retailers are getting a windfall. They are NOT passing along their savings on imports from the US or anywhere else for that matter. Canadian consumers are getting screwed. Canadian residents who earn their livings in US dollars are just screwed, period. Oh well, I could always sell may house and buy something nice in Plattsburgh. Is there such a thing? 609178[/snapback] The government will make things right. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted September 20, 2007 Report Share Posted September 20, 2007 Animal planet watch? Or Niagara falls? Link to comment Share on other sites More sharing options...
K Wave Rider Posted September 20, 2007 Report Share Posted September 20, 2007 Well, The first Wishful Thinking event just happened fur da bears.... USD/JPY takes out Fed swing low.... Now we should find out shortly if that matters.... Link to comment Share on other sites More sharing options...
cwd Posted September 20, 2007 Report Share Posted September 20, 2007 hui 5 day cycle projection 394-95 is hit. 609183[/snapback] What was LW's big number on the HUI? 400? Link to comment Share on other sites More sharing options...
cwd Posted September 20, 2007 Report Share Posted September 20, 2007 hui 5 day cycle projection 394-95 is hit. 609183[/snapback] Is there a 2x gold miner fund available? Link to comment Share on other sites More sharing options...
Sudaca Posted September 20, 2007 Report Share Posted September 20, 2007 To Suds: On off topic, is there any non-main-stream-media information circulating about the recent "meteor" impact in Peru and the resulting illnesses? 609210[/snapback] There isn't much informatin at all, since none of the reporters that went to the site have come back. Seriously, now... apparently folks got to the crash site after a few days and found this baby bathing in what looked like mud, and the putrid smell that made folks ill was just that the poor kid was in a serious need of a diaper change. Link to comment Share on other sites More sharing options...
K Wave Rider Posted September 20, 2007 Report Share Posted September 20, 2007 USD/CAD low print...... 1.0001 Link to comment Share on other sites More sharing options...
cwd Posted September 20, 2007 Report Share Posted September 20, 2007 *DJ Bernanke:Govt-Backed Programs Must Not Bail Out Investors I think this guy is certified bi-polar what in the hell was the 50 basis pt cut for then? 609166[/snapback] It's like giving a 7-year-old a $100 bill to go to the grocery store and telling him that he should only buy whole grain products, fruits and veggies. The reality is he'll come back with 60 candy bars. 609192[/snapback] 609196[/snapback] A sign of the times. I remember when a TEN would do that and I am under 70.(not by much) Link to comment Share on other sites More sharing options...
buy?sell? Posted September 20, 2007 Report Share Posted September 20, 2007 *DJ Bernanke:Govt-Backed Programs Must Not Bail Out Investors I think this guy is certified bi-polar what in the hell was the 50 basis pt cut for then? 609166[/snapback] It's like giving a 7-year-old a $100 bill to go to the grocery store and telling him that he should only buy whole grain products, fruits and veggies. The reality is he'll come back with 60 candy bars. 609192[/snapback] Depends where the 7yr old kid is located. If it's in south east L.A., he'd probably buy a gun, andd then come back with the whole frickin' store. 609211[/snapback] I was reading Shel Silverstein's Where the Sidewalk Ends the other night to my son at bedtime. We came across Smart, and I couldn't help but laugh thinking that this might have been inspired by Bernanke as a child. Smart My dad gave me one dollar bill Cause I'm his smartest son, And I swapped it for two shiny quarters Cause two is more than one! And then I took the quarters And traded them to Lou For three dimes -- I guess he don't know That three is more than two! Just then, along came old blind Bates And just 'cause he can't see He gave me four nickles for my three dimes, And four is more than three! And I took the nickels to Hiram Coombs Down at the seed-feed store, And the fool gave me five pennies for them, And five is more than four! And then I went and showed my dad, And he got red in the cheeks And closed his eyes and shook his head-- Too proud of me to speak! by shel silverstein http://www.srp-enterprises.com/starrie/silverstein.htm Link to comment Share on other sites More sharing options...
Jimi Posted September 20, 2007 Report Share Posted September 20, 2007 Blah blah blah Weimar blah blah blah Weimar blah blah blah Weimar. Link to comment Share on other sites More sharing options...
fxfox Posted September 20, 2007 Report Share Posted September 20, 2007 USD/CAD 5 mins 1.0002 was the low, SO FAR! Come one guys, DO IT!!! Chart ?ffnen Link to comment Share on other sites More sharing options...
beachmuffin Posted September 20, 2007 Report Share Posted September 20, 2007 *DJ Bernanke:Govt-Backed Programs Must Not Bail Out Investors I think this guy is certified bi-polar what in the hell was the 50 basis pt cut for then? 609166[/snapback] It's like giving a 7-year-old a $100 bill to go to the grocery store and telling him that he should only buy whole grain products, fruits and veggies. The reality is he'll come back with 60 candy bars. 609192[/snapback] 609196[/snapback] I could have gotten 60 bars for $3 as a kid in the 60'ies A sign of the times. I remember when a TEN would do that and I am under 70.(not by much) 609223[/snapback] Link to comment Share on other sites More sharing options...
potatohead Posted September 20, 2007 Report Share Posted September 20, 2007 *DJ Bush: Repeats Threat To Veto SCHIP Legislation (MORE TO FOLLOW) Dow Jones Newswires wingohockingmoyamensing healthcare for children give to Goldman and the boyz Link to comment Share on other sites More sharing options...
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