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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (84565)	12/14/2011 8:32:59 AM
From: Hawkmoon	Read Replies (1) \| Respond to of 218046

One popular theory doing the rounds among currency analysts is that European banks have been supporting the euro by selling overseas assets and bringing the money back home. When that trend comes to an end, the theory goes, the euro could fall sharply." Makes me wonder if the Fed's Dollar swaps are being overwhelmed by Euro selling. zerohedge.com And given the correlation between a rising dollar and declining US equity market (as well as commodities), I'm wondering at exactly what point this arbitrage decouples and money flowing into the USD and treasuries also flows into equities as well, if at all.. Given the seemingly unlimited leverage and re-hypothecation that existed in financials markets like London, the unwinding of these trades seems to suggest continued upside for the USD. I think this has the Fed extremely worried that it could derail any US recovery. As for the Euro, it stands to reason that the only way they can find any form of economic recovery is for the Euro to decline against other currencies so that they can prop up their exports. I really see 1.20 being seen again, and quite possibly a break of "par" for the Euro at 1.19 and then down. Should it do this, it will be a LONG time before the Euro rises back above that level. Damn Chinese Curse!! Hawk

To: elmatador who wrote (84565)	12/14/2011 2:07:28 PM
From: 2MAR$	Respond to of 218046

CVX asked to suspend activity in Brazil by Brazilian officials ( CVX 6.55% of INDU is dragging things down now on this news ) ordons.com Wednesday, 14 December 2011 11:32 Jorge Palma Rio Janeiro. U.S. oil giant Chevron on Tuesday admitted that the leak from a well operated by the company off Brazil's southeastern coast has not stopped. Addressing the public audience in Macae in the state of Rio de Janeiro, Chevron's environment supervisor Luiz Alberto Pimenta Borges said he could not give the specific time when the oil spill could be stopped. "The amount of oil is becoming gradually smaller," he said. "We expect to have total control of the matter some time in the future. I cannot tell when because we are still evaluating the amount of oil to know how exactly it reached the surface," Borges said. Borges said the leak, which started early in November, was the result of unexpected pressure over the company's drilling equipment. He said a total of 2,400 barrels of oil had leaked from the well though the leaking reservoir had been closed, revealing that the company is still having problems with residual oil. Chevron had already been fined 28 million U.S. dollars for the oil spill and banned to drill in the area until investigations into the accident end. Meanwhile, the prosecutor's office in Rio is suing the company for a compensation of 81 million U.S. dollars.