New Denninger "RED ALERT" blog - translation please

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Re: New Denninger "RED ALERT" blog - translation please

MarkM, et al.

 

You beat me to it as came here to post your link regarding his comments.  Never seen him with this tone and the video attached says lots.

Also,  read following article below about Eastern Europe.

 http://www.marketskeptics.com/2009/02/failure-to-save-east-europe-will-lead.html

Doesn't look good.  Lets hope and pray this can be managed. 

My take...if not managed...were in for a bad, bad time when dovetailed with other economic data. 

 

Nichoman

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Re: New Denninger "RED ALERT" blog - translation please

I don't understand it either, but this guy sounds very panicked.

Somebody wake Chris up out of bed!

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Re: New Denninger "RED ALERT" blog - translation please

Taken together with the European bank article, this sounds pretty bad.  I checked kitco.com and gold is up $10 already and with a sharp spike that took off sometime around 7pm eastern time.  Still, it's only $10, but clearly comething is going on.

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Re: New Denninger "RED ALERT" blog - translation please

Some discussion here: http://www.tickerforum.org/cgi-ticker/akcs-www?post=83460

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Re: New Denninger "RED ALERT" blog - translation please

No acess due to overloading.......

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Re: New Denninger "RED ALERT" blog - translation please

As of 1 minute ago...gold up 2.18% or $20.40 with near vertical slope. 

Not good. 

 

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Re: New Denninger "RED ALERT" blog - translation please
gyrogearloose wrote:

No acess due to overloading.......

Yeah. I can't get in anymore either. They suddenly got really busy.

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Re: New Denninger "RED ALERT" blog - translation please
Nichoman wrote:

As of 1 minute ago...gold up 2.18% or $20.40 with near vertical slope. 

Not good. 

 

What site are you using for gold, and do you have a good one for currencies? The one I use is always behind.

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Re: New Denninger "RED ALERT" blog - translation please
SkylightMT wrote:
Nichoman wrote:

As of 1 minute ago...gold up 2.18% or $20.40 with near vertical slope. 

Not good. 

 

What site are you using for gold, and do you have a good one for currencies? The one I use is always behind.

Kitco @

 http://www.kitco.com/gold_currency/charts.htm?EURO

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Re: New Denninger "RED ALERT" blog - translation please

  

If you can't access it, this is what Denniger wrote, below.  shows in the charts on CM's Money and Markets page.  Not sure if it means anything or not but we'll see... 

 

RED ALERT: FX Dislocation In Process

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Re: New Denninger "RED ALERT" blog - translation please
Nichoman wrote:
SkylightMT wrote:
Nichoman wrote:

As of 1 minute ago...gold up 2.18% or $20.40 with near vertical slope. 

Not good. 

 

What site are you using for gold, and do you have a good one for currencies? The one I use is always behind.

Kitco @

 http://www.kitco.com/gold_currency/charts.htm?EURO

 Thank you.

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Re: New Denninger "RED ALERT" blog - translation please
Woodman wrote:

  

If you can't access it, this is what Denniger wrote, below.  shows in the charts on CM's Money and Markets page.  Not sure if it means anything or not but we'll see... 

 

RED ALERT: FX Dislocation In Process

 

He also added at end a 7:51 minute You Tube Video of Nuclear Bomb detonations Montage for "effect".       Frown

 

Nichoman

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Re: New Denninger "RED ALERT" blog - translation please

What's with the video?  Nice music n all but I was just wondering what it had to do with the writing. 

Anyway... I looked into my crystal ball and saw that the 800 billion dollar stimulus pkg. will cover about 50% of the liquidity problem.  The gov. will pass another $500 Bil - 2 Trillion pkg. soon (is my guess).  That is how much more they'll need.  But they will only pass these "billion-dollar" pkg. bills only "as needed".  These poor bastards in Washington have no idea what they're heading into- poor things.

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Re: New Denninger "RED ALERT" blog - translation please

Posted: Feb 17 2009     By: Jim Sinclair      Post Edited: February 17, 2009 at 12:14 am

Filed under: General Editorial

Dear Friends,

To underscore my statement that "It has hit the fan," please review the following:

Forex failure continues in Poland
Posted by Izabella Kaminska on Feb 16 21:43.

It’s getting bleaker by the minute in Eastern Europe. In case you
didn’t catch the latest from the Telegraph’s Ambrose Evans-Pritchard,
he warned at the weekend how a growing crisis in Eastern Europe could
cause nothing less than a total collapse in the West, or as he put it:
“If one spark jumps across the euro zone line, we will have global
systemic crisis within days.”

To make his point Evans-Pritchard quotes Morgan Stanley’s
Stephen Jen on the fact that Eastern Europe has borrowed a total of
$1,7oobn abroad. Furthermore about $400bn of that debt has to be rolled
over this year - a number equivalent to about a third of the region’s
GDP.

As we outlined a couple of weeks ago, the concern is now greatest
not for the retail mortgage sector, which practiced the issuance of
foreign-currency based mortgages on a grand scale, but for
corporates — which it appears practiced the art of  derivative forex
exposure on an even grander scale.

And so it comes as no surprise on Monday that yet another
corporate forex failure has occurred in Poland, this time at Polski
koncern Miesny Duda, a  Polish meatpacking business. The stock sank to
a record low on the news. As Bloomberg reports:

More…

 


[Most Recent USD from www.kitco.com]
 

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Re: New Denninger "RED ALERT" blog - translation please
Gold has taken off too.
 
AU$1494 /oz is a new record.
 
 
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"The end of life as advertised"

Domino theory, Eastern Europe edition

From today’s FT:

Ukraine’s name, by some accounts, means
“at the edge” - which is where its economy finds itself today.
Austria’s finance minister warned last week of the risk of an economic
“catastrophe” in the 46m-strong country triggering a “domino effect” of
problems further west.  

Indeed, Austria should be worried. The country’s exposure to Ukraine, and other Eastern European nations, is impressive.

To wit, this chart, which we reprise from Zero Hedge,
showing Western European countries’ exposure to their Eastern European
counterparts (and yes, you can debate whether the Czech Republic or
Kazakhstan for that matter qualify in the ‘Eastern European’ category,
but bear with us here).

Zero Hedge - Claims of West European banks on EE countries

Hence we see rumblings like the one below, from Austrian finance minister Josef Pröll:

“Ukraine is a very important keystone
country and we must avoid a domino effect inside the EU, if there is
economic and political catastrophe in such a huge neighbouring
country,” he told the Financial Times. “We don’t see this scenario
developing now. But we must prepare and keep an eye on Ukraine.”

Fitch has already downgraded Ukraine’’s national long-term rating one notch to ‘AA’ on Friday. Bloomberg reports
this morning that S&P is considering cutting the country’s
sovereign rating too. Meanwhile there’s no news on getting the second
tranche of a $16.4bn IMF loan, which appears in jeopardy as ministers
struggle to meet the required terms and conditions, and spreads on the
nation’s credit default swaps have blown out to over 3,000bp.

Anyone care for a game of dominoes to take the edge off?

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Re: "The end of life as advertised"

US futures relatively steady since 2100 Monday night.  The day is young.

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Re: "The end of life as advertised"

"US futures relatively steady since 2100 Monday night.  The day is young."

AND I have to sleep while you guys have all the fun.......  :-)  I wonder if history will be made tonight?  (our time).

Mike 

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Re: "The end of life as advertised"

Who can sleep anymore? 

Goodnight Mike... Sleep well.

 

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Re: New Denninger "RED ALERT" blog - translation please

Latest update from Denninger:..

 

"Tuesday, February 17. 2009

Update: Russia Exchanges Closed

 

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Re: New Denninger "RED ALERT" blog - translation please

Hey Guys-

   It turns out that Karl Denninger made a video clip which he posted at 00:53, BEFORE the article I posted above.  It is Karl  telling it the way he sees it, and he is MAJOR PO'd.  It is VERY POWERFUL! Here is the text with it and the link.   

"Tuesday, February 17. 2009

Illiquid Assets - The Truth

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Re: New Denninger "RED ALERT" blog - translation please

I'd been following the Market Ticker forum discussion on this but they closed it to non-donors this morning. Fascinating events, even though I can barely grasp what is going on today....

thanks for the pointer to the illiquid assets video. it was excellently explained.

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"RED ALERTS" help ratings

Telegraph’s Ambrose Evans-Pritchard is a drama king. Relax - I'm on StreetSmart at Schwab.com watching hundreds of stocks at once and it isn't that bad. Down yes, not collapsing.

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Re: "The end of life as advertised"
cat233 wrote:

Who can sleep anymore? 

Goodnight Mike... Sleep well.

 

Cat,

All of this stuff is pretty unnerving. Since you seem to be tied in with what's going on, would you be kind enough to give periodic updates to those of us who aren't able to see anything but MSM b.s.?

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The market and what to do
Hey Sam,
Not so sure I can be much help in a specific manner.  Currently I am
viewing the market though trader eyes and am in my positions from hours to a few
days.... Primarily trading options up (calls) and down (puts).... Options are
not for the unschooled. I am nothing like a day trader, that isn't what I do. 
Primary goal here is to make "bricks," throw them on the pile and get back to
cash.... And WAIT patiently for my next trade, up or down.  Frankly, this all
boils down to discipline and doing what the market is doing and not what I want
it to do or think it should be doing.  I DO what the charts tell me.  Many, many
other things also involved such as the Fed, SEC, earnings and news.   
I don't do any of this buy and hold forever CRAP!!! The stock positions I
intend to hold for X amount of time, if need be are insured with puts. 
I went to "school" for a long time to learn all of this.  Many of my fellow
classmates are regulars to this site... They are literally scattered all over
this country and the world.  Classmates ranged in age from 8 to 90, can't be too
young or too old to learn what to do.   
Please pay close attention to what Chris says, his advice has been
ON TARGET.  I wish everyone would SUBSCRIBE, most just don't have a clue in what
they are missing... SOUND ADVICE! 
No one cares more about your money than you... no one.  There are no
excuses for not taking charge of your own funds.  For every reason one can give
why they can't, there is someone else who say they CAN for the same reason. 
That said, I don't fall for any of this, I don't have time garbage! 
Email me Sam if you want more info. 
Cat
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Re: The market and what to do
cat233 wrote:
Hey Sam,
Not so sure I can be much help in a specific manner.  Currently I am
viewing the market though trader eyes and am in my positions from hours to a few
days.... Primarily trading options up (calls) and down (puts).... Options are
not for the unschooled. I am nothing like a day trader, that isn't what I do. 
Primary goal here is to make "bricks," throw them on the pile and get back to
cash.... And WAIT patiently for my next trade, up or down.  Frankly, this all
boils down to discipline and doing what the market is doing and not what I want
it to do or think it should be doing.  I DO what the charts tell me.  Many, many
other things also involved such as the Fed, SEC, earnings and news.   
I don't do any of this buy and hold forever CRAP!!! The stock positions I
intend to hold for X amount of time, if need be are insured with puts. 
I went to "school" for a long time to learn all of this.  Many of my fellow
classmates are regulars to this site... They are literally scattered all over
this country and the world.  Classmates ranged in age from 8 to 90, can't be too
young or too old to learn what to do.   
Please pay close attention to what Chris says, his advice has been
ON TARGET.  I wish everyone would SUBSCRIBE, most just don't have a clue in what
they are missing... SOUND ADVICE! 
No one cares more about your money than you... no one.  There are no
excuses for not taking charge of your own funds.  For every reason one can give
why they can't, there is someone else who say they CAN for the same reason. 
That said, I don't fall for any of this, I don't have time garbage! 
Email me Sam if you want more info. 
Cat

Cat,

I wouldn't even attempt to do what you do. I'm aware of option trading. I'm also aware that I'd be an idiot to try and participate. I stand back and let the professionals play and keep my meager retirement funds in CD's. If you're able to make money doing what you do, I say more power to you - I hope you make lots and lots! LaughingMoney mouth

In my earlier post when I said ...

Since you seem to be tied in with what's going on, would you be kind
enough to give periodic updates to those of us who aren't able to see
anything but MSM b.s.?

... I was hoping you might have some perspective on what the markets were doing in reaction to the apparent insanity that the currency markets experienced overnight. I do see that the DOW dropped almost 300 points today and that the world markets also had a rough night

I'd be happy to email you but think that there are others who read this thread who might benefit from your knowledge - besides Dogs, I mean! Wink

 

I wish everyone would SUBSCRIBE ...

I would love to - but my meager budget doesn't allow for such a "luxury" - as I'm sure is the case with many others who are registered or are "guests".

Thanks in advance for any insights you can provide in broad strokes.

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Re: New Denninger "RED ALERT" blog - translation please

SAMMMMMMMMMMMMMMM... check your email...Smile

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Re: New Denninger "RED ALERT" blog - translation please
cat233 wrote:

SAMMMMMMMMMMMMMMM... check your email...Smile

Cat,

You continue to crack me up!

Hold onto her, Dogs!

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Re: New Denninger "RED ALERT" blog - translation please
Woodman wrote:

To those who are reading this, I hope if you're in the markets you are prepared for extreme levels of violence.  You must expect that the authorities will try to arrest the destruction if they are able, but you must also be prepared for the possibility that we have reached a "critical mass" point beyond which "duck and cover" is the only winning strategy.

This is precisely why market neutrality is essential.  The technical charts have been indicating a severe downturn for over 10 days.  The reality is that there isn't much "good news" out there to turn the sentiment.  So the true "good news" is that current market sentiment is confirmed by technical indicators.

Time to buy Puts.  On just about anything financial.  However, today has run its course so it's time to look for a new entry point.

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