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Started By
Message
POLITICO: Next week’s Category 5 economic storm.
Posted on 7/24/22 at 10:36 am
Posted on 7/24/22 at 10:36 am
Politico
This week could be a highly volatile week with so much information hitting the market in a 5 day span.
Happening in the market this week.
Fed rate hike decision.
Consumer confidence numbers.
Inflation numbers.
GDP numbers.
This week could be a highly volatile week with so much information hitting the market in a 5 day span.
Happening in the market this week.
Fed rate hike decision.
Consumer confidence numbers.
Inflation numbers.
GDP numbers.
Posted on 7/24/22 at 10:50 am to Hawkeye here
Tack on the major earnings numbers and it will probably end the week flat. 
Posted on 7/24/22 at 10:56 am to slackster
quote:
Tack on the major earnings numbers and it will probably end the week flat.
Yep, some big names reporting this week.
Won't be a week for the faint of heart.
Could see up 700 one day, down 700 the next for the entire week.
This post was edited on 7/24/22 at 10:58 am
Posted on 7/24/22 at 11:26 am to Hawkeye here
So buy straddles in preparation?
Posted on 7/24/22 at 5:49 pm to rintintin
quote:
So buy straddles in preparation?
Iraqi Dinar
Posted on 7/25/22 at 5:43 am to Hawkeye here
Looking forward to the ride.
I’m hoping to find some good buying opportunities
I’m hoping to find some good buying opportunities
Posted on 7/25/22 at 7:11 am to Hawkeye here
curious to see what happens when this new currency is created
BRICS to create new global reserve currency (indiatimes.com)
BRICS to create new global reserve currency (indiatimes.com)
Posted on 7/25/22 at 9:39 am to Hawkeye here
I wish I had some dry powder.
Posted on 7/25/22 at 9:50 am to Hawkeye here
Good thing the administration already put out the memo that it doesn't matter what the Q2 numbers are, we are most definitely NOT in a recession.
Posted on 7/25/22 at 10:51 am to notiger1997
quote:
A big nothing burger
quote:
“The issue of creating an international reserve currency based on a basket of currencies of our countries is being worked out,” he said at the BRICS business forum.
Uh, this wouldn't be bad news if we were in good fiscal shape, but we're not. This is truly bad news for the powers that be in the US.
Posted on 7/25/22 at 12:55 pm to Hawkeye here
They will change the definition of recession to shield the White House from the economic news.
Posted on 7/25/22 at 1:11 pm to Aubie Spr96
quote:
Uh, this wouldn't be bad news if we were in good fiscal shape, but we're not. This is truly bad news for the powers that be in the US.
The dollar has never been in more demand.
Posted on 7/25/22 at 1:18 pm to goofball
quote:
They will change the definition of recession to shield the White House from the economic news.
They won’t change the definition as much as it won’t be an “official” recession until the NBER says it is. They didn’t call the 2008 (started in January 2008) recession until 12/1/2008, and they didn’t say it was over (June 2009) until 9/20/2010.
Posted on 7/25/22 at 4:01 pm to slackster
quote:
The dollar has never been in more demand.
Today, sure. But that's not what we are talking about. BRICS is talking about creating a new reserve currency out a of basket of existing currencies and transacting outside of the dollar.
Posted on 7/25/22 at 4:07 pm to Aubie Spr96
quote:
Today, sure. But that's not what we are talking about. BRICS is talking about creating a new reserve currency out a of basket of existing currencies and transacting outside of the dollar.
Most people don't understand that the only thing propping up the dollar is the fact that it is the reserve currency, and the devastation to the dollar and the USA if it is no longer the world reserve currency.
These are the types of things that start World Wars.
Posted on 7/25/22 at 4:59 pm to Hawkeye here
quote:
These are the types of things that start World Wars.
Bingo.
Posted on 7/25/22 at 7:50 pm to notiger1997
quote:Bingo.
A big nothing burger
Why? Because everyone is watching the markets. Everyone is playing one side or the other. It balances out.
What I’d be on the lookout for is the week or two after this week.
I see a lot of options contracts expire the third week of August. I would expect something significant bracketing that week.
Posted on 7/25/22 at 8:34 pm to Hawkeye here
This is why you don’t buy call options the week before this shite storm. 
Posted on 7/25/22 at 8:42 pm to Hawkeye here
quote:
Most people don't understand that the only thing propping up the dollar is the fact that it is the reserve currency, and the devastation to the dollar and the USA if it is no longer the world reserve currency
And why would it not be the world reserve currency?
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