RED ALERT: FX Dislocation In Process

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

[sam_paine]

Why all the panic “protect yourself” posts on that site?

I read ‘experts’ who say the “toxic mess” is going to crash/unwind this or that and lead to deflation (payoff debt immediately or die!!!)

I read ‘experts’ who say the “toxic mess” is going to crash/unwind this or that and lead to inflation (keep debt and payoff with free dollars or die!!!)

Does anybody have a consistent “if you see this, do this....if you see that, do that” site?!!?!?! =(

[PhiKapMom]

I would say Soros being involved is something most of us agree is behind some of this. I think he has been involved with maniupulation of money and the markets for some time to get ZERO elected.

[Velveeta]

I like your posts the best.

[Ernest_at_the_Beach]

ROFLMAO BIG TIME!!!!!

[Palladin]

sky...falling...Chicken Little

[PhiKapMom]

You are correct — Bush's fault. I find the timing of this the night before the pork giveaway being signed ironic. Once ZERO signs that, the economy is all his — lock, stock, and barrel.

[RaceBannon]

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

there isn’t much change here that I see...

[Semper Mark]

Man I was hoping you would come up on this.

Explain this so an old Jarhead can understand it.

[okie01]

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.

However, the global economy is predicated on a.) we buy everybody else's stuff, then b.) they buy stuff from us.

If they can't afford to buy from us, where are we then?

[txhurl]

All we can do is wait and watch.

[Ernest_at_the_Beach]

Markets are always such confusing things....

[IrishPennant]

Just type slow so I can follow along.

[jiggyboy]

Hey I’m not panicking either. I don’t know what to make of this, is Poland’s currency collapsing, and what follows from that, I dunno.

Iceland looked like it was going straight from credit cards to canned-goods and shotguns for a couple of days, and after about the fourth day that was the end of that story.

[PhiKapMom]

WOW! If I was in the military in Europe, I would be going shopping tomorrow and stocking up with the Euro going down and dollar going up.

How are all of these countries in such bad shape and how did they get there? This did not happen over night and now with that huge deficit we are now facing thanks to ZERO/Pelosi/Reid, we could be in real trouble.

Stupid people who elected ZERO with absolutely ZERO background in governing or making a decision.

[steve86]

[RaceBannon]

someone might be making a run on currency

however, at the links I was posting, I saw almost no changes, up/down .01 to .12 dollar

one was up 16$ though! :)

however, the live charts show what appears to be only $.05 rats of change, with highs and lows only $.50 apart

sounds like a hoax

[SouthTexas]

Any day is a good day to buy ammo!

[RegulatorCountry]

We’re not all that dependent upon exports, like, say, South Korea, Japan or China are. What they buy from us is treasuries.

[jiggyboy]

Sinclair constantly recommends gold.

[sam_paine]

Markets are always such confusing things....

Nobody even agrees on exactly what happened in the market 79 years ago much less to be able to predict what happens tomorrow!