Loading ...This is going to get ugly today
SM futures on a one-way ticket down.
Funny, not much is up except gold and Bitcoin, and they aren’t exactly screaming higher.
I get this eerie feeling that we are in for one helluva October surprise courtesy of Soros and the Biden gang.
Is there some Derivative causing this Dollar panic…
Have the Banksters built themselves some new Derivative, that has caused this non stop Dollar bid…..which is beginning to possibly compound……as every day the Dollar is bid up, almost non stop…..or is the Rig going crazy, with it’s dollar bids.
What is just as bad is that so far we hear nothing, from anyone in charge of this shiite show, no -one is even trying to calm the mkts , let alone proposeing any real solutions……Which suggests they have no idea, what to do….what a surprise….
The wheels may soon start to fall off, as the mkts are beginning to laugh in the CB’s faces….and that is when all credibility is lost.
goldielocks
https://www.zerohedge.com/markets/pound-flash-crashes-500-pips-record-low-amid-global-fx-carnage
The above explains why what the Japanese are doing, is driving dollar higher, via pushing 10 yr rates up.
Buygold
Thanks, but wow. That’s like trying to bail water out of a sinking boat while the left here are putting in more holes by printing more causing more hikes. Did they tell them it’s transitory too?
I don’t know if it’s going to be all that transitory even if they stop hiking.
They might not want a repeat of cheap money like Wall Street getting cheap loans to buy up all the housing “ so people will own nothing” and keep it higher. If they had any sense although haven’t been showing any. Congress needs to come up with laws to stop them.
The thing is especially Europe is they’ve been getting a free ride on us way too long and have they been taking advantage shorting our dollar causing us inflation while there’s go up?!!! So the Fed doesn’t want to hurt other countries at the expense of ours?
They kicked the can down the road and with our spend thrift lunatic leaders, print more debt since interest is so low. Now it can not longer be ignored and will cause more damage to us and everyone to get it back down to their target. The real numbers don’t even reflect,
I’m guessing they created their own debt and don’t want to raise rates themselves.
Hey Goldie
I understood that the Japanese were selling treasuries to raise dollars and buying Yen to support their currency.
Looks like they got things under control with the Sterling, but there’s still a lot carnage. The Yuan is getting hit pretty good.
What if this turns out to be the spike up and mother of all reversals in the USD? The rest of the world sure needs the USD to take a breather.
The Sterling just went positive against the USD.
Buygold 21:47
I don’t quite understand how selling the dollar buying the yen drives up the 10 yr yield “ guess they buy it with the yen” that drive up the dollar. Why they would do that? I never thought of a short Squeeze going on GLOBALLY with dollar speculating a top with shorts causing a squeeze panic. They knew a head of time Powell was going to be raising interest rates. Didn’t they connect the dots?
Sng 16:30
Yeah I caught it.
I have no doubt some of these events are being caused by weather manipulation that’s ruining the planet. Climate change. When the Haarp in Alaska was questioned years ago if they were responsible for the tornado that killed those school children they couldn’t deny it and allegedly and quickly sold it to someone else.
I don’t know how often they do their practice so don’t know if related. Quakes along the ring of fire tend to happen on land towards and in winter it seems so may be why they were having one but yes seems to have happened more than once.