Hello pezz, defcon 5, meaning watch out, hold on to head above shoulders and balls below neck, for monday, meaning my tomorrow and your day before tomorrow, should be in the traditional chinese sense, interesting, perhaps[s even fascinating, because the new sovereign bloomberg.com has just indicated initiation of another iteration of shuffling the new global currency order to make space at the head table, and presumably and at least strongly affecting some of the following pairs:
- rmb : euro,
- rmb : usd,
- rmb : everything else, and oh, of course,
- rmb : gold
I do not have a direct wager against the rmb or for the same yuan, because I know the Chinese invented paper, ink, printing press, paper money and banking (of the money transfer variety, which when adopted by other cultures with less .. gave rise to ponzi derivative … well, never mind all that now), and have seen a lot of dead money cycles up close
I did this Message 26622746 buy AUD/CAD trade last week and am hoping that the Chinese would see to it for the new basket approach that the rmb strengthens against the cad and aud, so that the new sovereign would get what it requires for its hoped-for domestic-oriented economy at less costly terms of trade (yes, i know my logic and action seem at odds, and that is nothing unusual), and
… the yuan would weaken against usd and euro, so that the exporter can do more of what it does best, sell more as long as the euro and usd folks can still afford socks and bras.
However, in the transition to basket you must first have a basket, and in my often fatally simplistic frame of figuring, that means buying what you do not have a lot of and selling what you already have too much – i.e. buying cad/aud, selling euro/usd, which, coincidentally, is in temporary alignment with what the euro/usd domains wish for, and in keeping with the Russians announced last week, something about buying cad and aud for their reserve mix.
So, my guess, Euro Down, Dollar Down, CadAud Up, Gold Up, Everything Else Up, or the difficult to pronounce EdddCauGueeUp, a new state of is in conformance with global imperative even if not impelled by the factors I am counting on.
In blind hindsight, I pray, that the labour compensation rises encouraged by the Beijing mandarins since mid-last year was in some sense a preparatory move to raising anchor on a lot of other taken-for-granted realities, and giving room for some one-off price inflation adjustments.
I am obviously just hoping I have not made a mistake and am talking out loud in the darkness.
After the initial 3-6 months of wobbling, bobbing, fluctuating, shuffling, and generally having money grinding against monies, cash groping other cash, and all the fiat currencies dancing and swirling around that which is the true and elemental money, that which shines in the enveloping darkness, before we enter the darkest interregnum and face the true music … well, never mind, now I am really guessing, and perhaps with too much enthusiasm.
Recommendation (whenever in doubt): getgold, pileplatinum, holdhongkongrealestate, and pray to better prey on the aud and cad.
Cheers, j
dear god, allow us one more wager that turns right, even if for the wrong reasons, we do not mind. amen
p.p.s. i think i am going to be sick. i like the feeling. for volatility is a way of life. i know there are good and better reasons for the aud to drop a load on all faithful, but i am praying, "not yet". |
