China's housing bubble is getting VERY close to blowing up. It makes the US housing bubble look like a bunch of amateurs. The Aussies don't have as bad of a bubble but it's getting ready to pop also.

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Thanks, I've been lucky. I enlisted ~day 78 of the Iranian Hostage Crisis and after a couple of years, the Air Force sent me to college and then flight school after graduation. I left active duty in the late 90s but kept flying with the Illinois and ...

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It's quickly just becoming another horse in the glue factory. The .gov had better start cutting deficits soon or we're going to end up like Greece. In my Air Force career, I've flown the KC-135, T-38 instructor pilot, and RC-135. The RC-135 is the ...

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Is it just me, or is the USD looking weaker compared to other currencies? In the last couple months, I've been thinking about about shifting to the EURJPY cross. The JPY and CHF are en fuego tonight.

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That guy's an amateur compared to SocGen's Jerome Kerviel. url I'm still not convinced Kerviel did that much damage alone.

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Looks like major flight to safety across multiple currencies. AUD and CAD getting reamed - I haven't looked at commodities but suspect they're not doing well tonight.

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My guess is now that the SNB's stopped its intervention, it's reemerging as a flight to safety currency alongside the USD and JPY. This'll REALLY screw up several eastern European countries. url

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Yeah, I've been watching that. They had to stop because they were loaded to the gills with Euros. Check out this link: url Click on A3 2.

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The ECB doesn't have to roll the debt on their books, just as the Federal Reserve doesn't have to roll the $1.1Trillion in Mortgage Backed Securities on their books. Don't open this link unless you're sitting down. url Well, at least they've got ...

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Glad to hear you recovered without much pain. I covered some of my short into the pop to reduce leverage to a comfortable level, but really wasn't damaged very much either. It was a great lesson for me though. I've mostly dealt with US-centric ...

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I don't have an exact date on the stress test results; if someone's got a hard date, I'd love to know. This is an article from earlier this month indicating that the results will be released in July: url As for the LTRO, there was 449B euros in 12 ...

EURUSD

They're looking for a bagholder. Some bagholder paid top dollar for a bulb at the end of Dutch Tulip Mania. Some bagholder paid top dollar for a beanie baby. Some bagholder paid top dollar for an old baseball card. We've been blowing and popping ...

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I'm starting to hear rumors of fairly large sized margin calls on some hedge funds. Between commodity prices sliding lower and stock prices moving lower, I'd expect someone to blow up fairly soon. In the last three years, I've seen a couple of big ...

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Boy, did I screw up. I expected the roll of the 12 month LTRO into 3 month to have a press release saying it was 'better than expected.' Of course since the roll date is 1 July, that's when I expected the announcement; my plan was to cover most of ...

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They did 'OK' into the close, keeping the Dow's loss to <300 and S&P >1040, but it was coyote ugly. Check out the NASDAQ; down almost 4%. The TNX (10 year bond) is decently below 3% now. Oil down, gold up. Risk off trade is in play. The market ...

EURUSD

Last 15 minutes are the ones to watch. I'm not in front of a TV but if Maria Bartaroma starts talking about a lot of sell order imbalances in the last 15 minutes, you be almost guaranteed a bloody close. Edit: You can bet that there's going to be a ...

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I'm a neophyte with the technicals, but I understand the fundamentals well. The trend over the last couple of years has been risk on - money flows out of the USD and JPY; risk off - money flows into the USD and JPY. I chose to go long one the ...

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Thanks; I'm still in elementary school at babypips.

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Is there fairly solid support at 1.218?

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I share a similar fate. I misanalyzed the effect of his QE policy in 2009 which wiped out most of my gains from 2007 and 2008. I made (what I consider) a fortune betting on a housing decline, only to lose most of it with all of the liquidity that BB ...

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