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Posts by "catnip"
2150
Posts Total by "catnip":
2148 Posts by Anonymous "catnip":
action si to verbally play down the recovery...because the worst that can happen in terms of govt securities is economical recovery if one is going to auction some more US$ trillons of debt.
more than 50.000 politicians and more than 8 million govt officials ? AND another 15 million of those retired fed with incredibly fat pensions? I bet no and I'm sure l'll win.
I think the commodity bubble is about to go bust. I am USD/CAD short and AUD/USD short and will re enter USD/JPY long.
But that should add to USDx. I don't think CDS would rise. Interesting however is the spread of Tsy to corporate bonds. If corporate continue to "sell better" than Tsy AND the recovery hope does not come true then it could mean USDx to drop. I have a lot of US based friends. If their view is correct then
the recovery doesn't have legs it is still between lame and limping.
how could SNB intervene against EUR given SNB reserves are already 80% EUR?
to compare currencies vs not currency asset imo leads to nowhere. One has to compare to a cash asset. Gold is cash exactly then when fiat money is not accepted as payment of debt.
This can happen both in deflation and inflation.
Don't think nfp is too much manipulated....BUT is the NFP really good? I don't believe it's anywhere
close to good. It's a very dim light at the end of the tunnel, at most. To get back to pre crisis 8 million jobs which were axed since then have to be created. And how many of these jobs are temporary?
How are the new jobs being paid? Here in Europe the only well paid, not temporary new jobs are
governmental and govt hires as if there is no tomorrow. If industry hires, it is temporary and payment is lousy. I do not believe the worst is over and consequently cash ( in USD ) will be king.
l