Showing posts with label euro. Show all posts
Showing posts with label euro. Show all posts

Sunday, July 5, 2015

Euro Area Exposure to Greek Exit Via EFSF

Greece defaulting could be analogous to Lehman Brothers defaulting.

Click on Image to Enlarge

Thursday, January 15, 2015

So Much Changes In 48 Hours

In the "do as what I'm about to do, instead of do as I say" category, the Swiss National Bank just threw those short the Swiss Franc under the bus.  In a classic "Wall Street head fake," the victims were not only institutional or pension funds, but also Wall Street firms themselves.

CHF shorts just got carried out on a stretcher.

http://www.zerohedge.com/news/2015-01-15/so-much-changes-48-hours

Friday, July 18, 2014

Gold, Euro, Dollar & Where The Chinese Are Buying Real Estate

The first chart indicates the USDollar gaining strength, and that is bearish for gold.  The other charts are bullish for gold.  To those with gold holdings already, the do-nothing approach for now may be appropriate, hoping for lower prices.   But for those with no gold exposure, buying some with the intent to layer in future purchases may be prudent, in case prices continue to rise.

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/7/18_Gold,_Euro,_Dollar_%26_Where_The_Chinese_Are_Buying_Real_Estate.html

Saturday, June 7, 2014

90% Of Gazprom Clients Have "De-Dollarized", Will Transact In Euro & Renminbi

The US is tightening the noose on its own neck with every economic sanction against Russia, because it is accelerating the decline of the USDollar as the global reserve currency.  Obama and Congress don't understand the boomerang effects of a globally-linked financial and trade system.  But then again, neither do our top economists and bankers.

http://www.zerohedge.com/news/2014-06-07/90-gazprom-clients-have-de-dollarized-will-transact-euro-renminbi

Friday, August 9, 2013

Monday, December 31, 2012

Japan lashes out over depreciating dollar and euro

Anybody still have doubts about whether a currency war of devaluation isn't taking place?

http://www.gata.org/node/12080

Friday, November 2, 2012

Get Ready For Big Moves In Gold, The US Dollar & The Euro

Yes, the USDollar moves inversely to the price of gold, but both can rise on a nominal basis if other paper currencies drop faster.  The take away message is gold will be the last currency standing.

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/11/2_Get_Ready_For_Big_Moves_In_Gold%2C_The_US_Dollar_%26_The_Euro.html

Tuesday, September 4, 2012

Swiss bank vows to hold franc down

In a central bank world gone mad, even the traditionally staid Swiss National Bank is devaluating their currency, the Swiss franc.  Yes, it's a quick-fix for exporters to remain competitive, but this race-to-the-bottom currency war will ultimately destroy citizens' purchasing power and standard of living, because of higher prices for imports.

http://www.ft.com/intl/cms/s/0/23278860-f5df-11e1-bf76-00144feabdc0.html#axzz25UEuG5zZ