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Posts by "putko mafani"

245 Posts by Anonymous "putko mafani":
Putko Mafani
Cape Town, South Africa
Posted Anonymously
13 years ago
Feb 3, 2011 12:07
In Thread: EUR
"If US defaults USDx will explode. Why?"

Why? Because this will happen only in your dreams. That is why :))))

Putko Mafani
Cape Town, South Africa
Posted Anonymously
13 years ago
Feb 3, 2011 12:04
In Thread: EUR
"You don't get it. US debt doesn't matter at all and no one expects the US to pay debt."

Catnip, if history is any guide, then there is no other time in history when a country amasses such debts, then starts the "printing press" in order to pay its current obligations and after this their currency appreciates. Just check it out. So history tells you are getting it all wrong.
Putko Mafani
Cape Town, South Africa
Posted Anonymously
13 years ago
Feb 3, 2011 11:35
In Thread: EUR
Catnip, we are talking about real yields here.
No one is tupid enough to go buy US asstets with an yield of 5% when the inflation is 7% and the real yield is negative 2%. Are clear about that?
Putko Mafani
Cape Town, South Africa
Posted Anonymously
13 years ago
Feb 3, 2011 11:32
In Thread: EUR
usikpa, and you think these commodity prices are at these level without a reason. And that USD could rise in the long run? And you think that inflation in the USA is below 1% and even below 0.5%
And you think that these nominal yields of 3.8% are real? f you strip the inflation component (I mean real inflation), the yield are negative.
Fed is supporting the US treas. market. If not, the US treas. would sell-off and yield would go towards 5+ % to compensate for inflation.
The other day, the Fed became the largest holder of US treas., surpassing China.

So you still think that EURUSD of 2.00 and above is not possible? Come on.
Only way this USD denominated commodity inflation in the World could be stopped is when USD devalues. And the markets expect that. Otherwise all countries in the World risk following the Egypt scenario. Do you want that in your country???
Putko Mafani
Cape Town, South Africa
Posted Anonymously
13 years ago
Feb 3, 2011 11:18
In Thread: EUR
catnip, one final comment:

Sugar at 30 yr high, Cotton 150 yr high... aside from that- deflation. Yes & CORE PCE Price index hit ALL TIME LOW ! ! $$

And you think USD could rise? You must be kidding me.
Putko Mafani
Cape Town, South Africa
Posted Anonymously
13 years ago
Feb 3, 2011 11:00
In Thread: EUR
Yeah, facts speak for themselves. No need to comment them. Everybody here has read your calls for parity.
Putko Mafani
Cape Town, South Africa
Posted Anonymously
13 years ago
Feb 3, 2011 10:51
In Thread: EUR
And you get it? Come on, catnip. You showed that your analysis is not good for forecasting fx.
Back down at 1.20 you expected 1.00 (parity). But EUR climbed to 1.40. So you think you got it right?
Then again at 1.30 a month ago you expected 1.27 and 1.20. However EUR climbed to 1.38. So again you got it right?
Come on. You have proven time ana again that you do not know shit.
So stop this chit-chat of yours.
Putko Mafani
Cape Town, South Africa
Posted Anonymously
13 years ago
Feb 3, 2011 10:45
In Thread: EUR
EONIA / SHIBOR/ LIBOR - all irrelevant
What is relevant is that USA is bankrupt and the only option is to devalue the dollar. Gold is headed to $2000 and above.
Putko Mafani
Cape Town, South Africa
Posted Anonymously
13 years ago
Feb 3, 2011 10:37
In Thread: EUR
Forget about Trichet. "Fed / Ben is in driver's place" and Fed / Ben has no choice but devalue the dollar. So no need to overthink it.
Putko Mafani
Cape Town, South Africa
Posted Anonymously
13 years ago
Feb 3, 2011 10:11
In Thread: EUR
So given that EU is imposing austerity measures and cutting deficits and given that US is not even trying (I mean trying not just planning to) to cut defecits, it could be that EURUSD is heading to 2.00 and above. Think the unthinkable.