Replies to post #19178 on The New CS Board

[dindindon]

>> Ready-or-Not, the next financial crisis is approaching

The most important task for Fed is how to wind down the QE smoothly. however, this task is beyond FED can do. If the QE Exit Strategy can not be executed properly, in worse case, FED will be forced to initiate a new round of QE–alike drugs passively.

The worldwide competition is so intense there is not much time left before Dollar meet a series of bitter challenges. Indeed, the “Da Power” works “very hard” recently. Unfortunately, self crowned praise is a phantom , and 'goofing around' doesn’t heal the wound inside the body.

Yuan’s growing popularity is merely a metaphor that EURO is the last Straw that broke the camel's back. reference: Geo-Economic: USD

China starts direct Yuan/euro trade in FX market
BEIJING Mon Sep 29, 2014 7:17am EDT
http://www.reuters.com/article/2014/09/29/us-china-economy-pboc-idUSKCN0HO10H20140929

Yuan, euro to trade directly from today
Source: AFP | September 30, 2014, Tuesday
http://www.shanghaidaily.com/business/finance/Yuan-euro-to-trade-directly-from-today/shdaily.shtml

The European Union was China's biggest trading partner in 2013, with $559 billion worth of goods exchanged between the two sides.

“Direct trading brings together the RMB with the world’s second-most actively traded currency and is a significant step in (the) RMB’s globalization,” said Ryan Song, head of markets for China at HSBC, which is acting as a market maker for the new pair.

“The trade and investment ties between China and the European Union, as two of the world’s major economies, can be further strengthened through the greater convenience of direct trading in this pair,” he said in an HSBC statement.

[gdl]

Extreme sensationalism journalism - ZEROHEDGE

Had any of their proclamations happened in the past 6 years? Not even close. They look to incite the already excitable. They have no objectivity. if they had they would had corrected their stance and explained their mistakes. Instead they are stuck in a time-warp where everything is still happening at the same time. They wipe out 6 years of ludicrous assumptions by restating them over and over. If they can't narrow their understanding of markets to less than 6 years than they are useless.

People turn to them when they need reinforcement for their own bias. We all know the reality of debt situation. Leading up to the Great Depression the disparity between classes, number of actual people contributing to the payroll, and lack of safety standards were at extremes not though possible. Deciding the trend is going badly is not the same as understanding when the whole thing collapses.