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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: ggersh who wrote (12316)	10/4/2008 10:12:11 PM
From: Real Man	Read Replies (1) \| Respond to of 71456

Yeah, the fun stuff is that 500 plus Trillion notional or whatever in interest rate and currency swaps are all tied to libor. Must be some deep stuff going on there, that's why the dollar surged. Fed's rate not working. <g> Jesse's explanation is good, but ... I think it's a derivative trouble in interest rate swaps and currency swaps due to blowups of certain large counterparties. These huge moves in a very short period of time can hardly be explained by a sudden need of cash by the European banks. Things thus "fluctuate" pretty sharply and in a large range, perhaps, accompanied by powerful nuclear explosions on every swing. -g- Someone needs to settle blown up contracts somehow next week, I heard, forgot where. Got open end contracts? Who wants to get broke NOW? Any takers? <g>