RED ALERT: FX Dislocation In Process

Market Ticker ^ | 2-16-2009 | Karl Denninger

[IrishPennant]

Sorry all...my low, sloping forehead means I have to get too close to the keyboard resulting in my slack jaw allowing drool to spill on to the keyboard, so I only have seconds to type...

As I read, all I am getting is the equivalent of Charlie Brown's teacher talking.

In my language, if I go to Walmart tomorrow with my Visa Check card, a) will it work, and

b) should I buy the underwear and socks I really, really need, or more ammo?

[txhurl]

So is 0 really headed for Cheyenne Mountain?

[cmj328]

How are we extended in swaps?

[R_Kangel]

Nah, the Stargate is still there.

[hoosiermama]

Trying to remember the two Dave’s that were knowledgeable on econ the other evening...Are you one of them?

[Azzurri]

I’m not sure what’s going on either, but I’m sure Bush will be blamed.

[Ernest_at_the_Beach]

We've been talking about that on this thread I started tonight...:

Rep. Kanjorski: $550 Billion Disappeared in "Electronic Run On the Banks" ( Sept 15,2008)

[Red Badger]

I’m feeling like I should panic - but I don’t know why. ;-)

Twould make a great tagline!.........

[Velveeta]

Thanks for the explanation.

[PhiKapMom]

Thanks! I forgot about that and figured at the time he was talking about Soros and his people. I still say Soros was behind the oil going sky high and our banks tanking to help ZERO. I think Soros bankrolled ZERO’s campaign using small donations to make sure he had more then enough money and why they turned off the security on credit cards.

This Country would be a lot better off if Soros and his games crashed and he lost tons of money on his speculation trying to make the outcome suit his agenda. I think he should be arrested for manipulation and if that is not against the law, it should be.

[farlander]

See my 23 and others.

a) Yes it will work.
b) Buy the damn socks. It’s still winter and it’s cold.
c) Stop freaking out whenever someone sees something in the market and puts up a ‘red alert man the canned food and gold stores’.

[divine_moment_of_facts]

How does the whole world’s economy tank at the same time? Where’d the money go?

It's disconcerting to say the least.. The "experts" don't even know.

[Velveeta]

OK, that post gave me the chills.

[RegulatorCountry]

And that’s only FOREX. There are defaults looming, particularly in Eastern Europe, which is behind the downgrade that is driving the euro down against the dollar. But, Ireland is in bad shape, Spain is in bad shape, South Korea has taken potentially ominous steps, Mexico is in bad shape, Ecuador has already defaulted, on and on ... yes, it’s a mess.

We’re in a bad situation domestically, but the rest of the world appears to be much worse off, at least for now. That’s the upshot, with the dollar situation.

[PhiKapMom]

Same here! I usually blame Soros when things like this happen which is probably the only thing I would bet is that he is somehow involved in all of this. This is way over my head for the most part.

[DocRock]

bookmark

[IrishPennant]

God Bless you, my friend!!!

[Velveeta]

OK then. ;-)

[unkus]

ping

[RaceBannon]

http://www.fxstreet.com/rates-charts/world-currency/

I think this is a hoax, look at the currency changes, if this is up to date, these are not great changes to panic over