Watch the USD.

We´re still waiting for your earth shattering event from 3 weeks ago and sfa happened! Why should we watch the dollar?

You know that little eye on top of the pyramid on the reverse side? At half-past ten on the last Tuesday in February in a leap year, a little cuckoo comes out of it and does a dance.

German business confidence report was more positive than expected and is pushing Euro up.

Edit: It is banging up against the critical break or turn level mentioned by Dr. B at the weekend.

Could this be the reason?

http://money.cnn.com/2008/02/25/markets/ba...rtune/index.htm

PPI figures out today for the US - these will be higher than expected and sink the DOW. Inflation is rampant.

Today's timetable:-

13:30 January producer price index (PPI)
14:00 December S&P/CaseShiller home price index
15:00 February consumer confidence
15:00 February Richmond Fed manufacturing index
15:00 Q4 house price index
22:00 February ABC consumer confidence

EURO and USD trading at critical support and resistance levels (1.4880 and 75.30) right now so the FED and ECB are going to be going at it full tilt this afternoon. Should be interesting!

How much weaker do you think the US dollar will get?

Eventually, it will be worthless. All paper money goes that way.

Currently:

$/£: 0.5074
$/€: 0.6727
$/¥: 107.9150

Been falling all day according to the charts. More to come?

It needs to weaken to the point where the shift of jobs from West to East reverses.

House price inflation is not a phenonemon which can be programmed, categorized or easily referenced.

Trust no-one.

The $ is about where it was 40 months ago, the credit crunch stopped its slide. Nothing new here.

I prefer watching the hpc-ers frantically try to figure out the wisdom of these threads, speculating about all sorts of impending doom that someone so knowledgeable has alluded too...so knowledgeable that they don't explain.

Until the next one...

Luke 23:34 "Father, forgive them; for they do not know what they are doing"

I predict the end of the world at 12 minutes past 3.

far too specific. It needs to be much more vague and ambiguous. And then invent yourself a little strap line for which you become known and then you can admire all that you have created.

But he didn't say which day or which year or even which world.

S&P/Case-Shiller Home Prices Fell 9.1% in December, Index Shows:

http://www.bloomberg.com/apps/news?pid=206...&refer=home

true, in hindsight perhaps Fortune got it exactly right.

Glad to see the "cult of cgnao" alive on here. He has you hooked.

Only cgnao put create a thread on HPC with a single enigmatic line and it get over 20 responses

aren't they taking the p1ss out of it though? Do you start threads just to see how many responses you get, or do you start them because you have a serious point / comment to add?

For example, your response just added to the list of replies, but it had nothing to do with the "single enigmatic line".

Shares up , dollar up so it looks like a load of old ´cgnaobollocks´ again

Cq,,, whatever is a busted flush.

Dr Bubbs where its at.

It's good to see you admit you are a follower not a leader.

Dunno what dollar chart your looking at

http://new.quote.com/us/futures/chart.acti...mp;x=39&y=7

From a technical perspective I think it is breaking out of its wedge and has no support below 75.00. It's clearly a good way for the Yanks to reduce the value of their enormous deficit. Coupled with today's inflation figures (which would annualise at 12pct) the fall in house prices (which would annualise at 35pct) not to mention monoline "AAA" scam things do not look wonderful statesside.

In time it will I suppose land on these shores too.

It looks like a turd dangling off a cliff.

I've just heard that they're going to introduce a $3 note.

So many people will want one as a souvenir that it will boost the ailing dollar.

Don't panic - we're all saved.

Well, it works in the Cook Islands anyway.

You're kidding, surely. That's the biggest flag to inflation they could have come up with.

Complete with polish.

Bump

Click to view attachment

Just glancing off its 52 wk low at the mo!

Good call.

lol its a classic that had to be used.

You've just made it to my ignore list.

I think I prefer CGNAO in 'stealth' mode. It's like 'Apocalypse' mode but we're just subjected to less of it.

Because the USD shot up today, or what?

exactly... Maybe he's holding dollars?

I notice RB has also been switched to 'stealth' mode. Maybe he's making colourful toilet rolls out of his dollars?

This post, as usual, is 100% correct, guaranteed.

I wise person is made wiser through well informed news. Wouldn't you say?

And CG does this very well.

Dude.

Sorry no dollars to watch, got lost some time ago.

http://new.quote.com/us/futures/chart.acti...mp;x=39&y=7

Broken link, but its on the previous page anyway.

There is a point here. Look a Bloombergs home page. Does it read good news?

http://www.bloomberg.com/apps/news?pid=206...&refer=home

A good pointer is that right now the article is at the top of their home page.

Well done CG