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Subdude commented Feb 22, 2013How does devaluing the currency help you "contain" inflation? Lots of geniuses on this board. IMHO, this downgrade is as meaningless as its timing suspicious. Typical Friday knee jerk reaction.
Moody's downgrades UK to Aa1 from Aaa; outlook now stable
- Subdude commented Feb 20, 2013
This is a nice contrarian indicator.
Is George Soros About to Short the British Pound Again?
- Subdude commented Feb 15, 2013
What do you mean "allows"? It can also somehow disallow currency devaluation? What is the mechanism of doing so - a statement? What a gem of an article.
G-20 Allows For Currency Wars: 4 Winners & 4 Losers
- Subdude commented Feb 12, 2013
Yes, buy at these insanely low levels and hold, hold, hold. Be sure to use up all your available margin. Ironic the fund's name is "Bridgewater", isn't it?
Bridgewater Bets on Stocks as Cash Moves Into Market
- Subdude commented Feb 12, 2013
LOL, thanks for simplifying it to the 5 year old level for us.
UK official says G7 statement not about individual currency or country
- Subdude commented Feb 11, 2013
First - no, they don't happen regularly. They take place as a direct symptom of irrational frenzy to front-run the CB, whether or not it actually does anything in response to specific events. You are not giving any examples but I will - remember the ...
Treasury’s Brainard: US supports Japan’s efforts to reinvigorate growth, end deflation
- Subdude commented Feb 11, 2013
If "fundamental" forces were enough for a given currency to sustain a multi-year parabolic rise with no significant retracements along the way, then AUD would be easily worth $2 already, and the Euro would likely be around parity with the dollar. ...
Treasury’s Brainard: US supports Japan’s efforts to reinvigorate growth, end deflation
- Subdude commented Feb 11, 2013
If you are selling the yen at these levels, when the chart looks the way it does, based solely on someone's comments, you are insane and you will pay dearly. The blowback will be just as vicious, as exporters will be buying it for cheap.
Treasury’s Brainard: US supports Japan’s efforts to reinvigorate growth, end deflation
- Subdude commented Feb 1, 2013
Moody's also said Fannie and Freddie were fine, as well as CDOs etc etc.
Moody's says that Japan stimulus likely to lift the economy out of recession
- Subdude commented Jan 24, 2013
I agree with this assessment. The selloff looks way overextended, and is running on nothing but rhetoric by the Japanese officials. And I wonder just how popular these politicians will remain when the price of oil jumps 10% in Yen terms?
Japan Nishimura says Yen at 100 per Dollar is not a problem
- Subdude commented Jan 11, 2013
Poor bastards are being taken for a ride. As always.
The Historic Surge Into Stock Mutual Funds That Has Everyone Talking About The 'Great Rotation'
- Subdude commented Jan 9, 2013
Greece defaulted a while ago. Have you not been paying attention?
IMF’s to meet on Jan 16 to discuss next loan tranche to Greece
- Subdude commented Jan 3, 2013
Wow, brilliant idea! There is just one question - if the Treasury can do this, why would it then ever need to sell its debt in the first place? Just mint (or print) at will, and deposit at the Fed - problem solved.
New White House petition demands Obama mint trillion dollar coin
- Subdude commented Dec 31, 2012
Look for another downgrade to U.S. credit ratings in the next few days, no matter deal or no deal.
The U.S. will go over the fiscal cliff tonight
- Subdude commented Dec 28, 2012
Define "excessive". First they promote speculation, then regret doing it... total nonsense.
Japan FinMin Aso: Will intervene when excessive yen gains OR LOSSES
- Subdude commented Dec 27, 2012
Why 90 and not 100, or 150? Where are you getting these levels anyway?
USD/JPY higher in pre-Tokyo trade
- Subdude commented Dec 14, 2012
He has to coerce BoJ to do what he wants, in addition to winning. He is also known as a quitter, so selling the yen at this point sounds awfully precarious.
Japanese Elections: A Once in Generation Shift in the Yen?
- Subdude commented Dec 12, 2012
The Japanese are actually going to elect the same guy who resigned 5 years ago after being in office for just one year??? It's too bad Donald Trump or Sarah Palin aren't allowed to run in this one - they might have a decent shot at it.
Abe set to face manufacturing gloom as Japan contracts
- Subdude commented Dec 12, 2012
Actually, it's at a higher level now. Operation "Twist" is ending but it wasn't actually expanding the Fed's balance sheet because they were selling short term debt to fund long term debt purchases, in equal amounts. But now they're replacing that ...
Fed Expands Asset Buying, Links Rates to Joblessness, Prices