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- Sep 11, 2021
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Wednesday will be recognized in time, to have been a historic day. The Federal Reserve showed itself to be completely banjaxed. They see the depression having begun so they want to lower interest rates. The problem is is, it does not control interest rates.
so it lowered their TARGET for the first overnight Fed Funds rate. The real markets didn’t d the exact opposite and interest rates rose a quarter of a per cent. And they most likely will continue higher as well. All financial assets moved sharply, everything down, except the dollar.
So finally, we see the euro heading to 1.03 dollars. It is a dead man walking now with governments falling in France and Germany and soon others. It is desperation time and combined with defeat in Ukraine, the jig is up. About time too.
ireland will be wiped out in this debacle.
There are a lot of Irish in America, eying to buy as soon as Ireland falls apart. It may get to the new year as trading will be light but as soon as the euro goes below the dollar, it will be an avalanche.
so it lowered their TARGET for the first overnight Fed Funds rate. The real markets didn’t d the exact opposite and interest rates rose a quarter of a per cent. And they most likely will continue higher as well. All financial assets moved sharply, everything down, except the dollar.
So finally, we see the euro heading to 1.03 dollars. It is a dead man walking now with governments falling in France and Germany and soon others. It is desperation time and combined with defeat in Ukraine, the jig is up. About time too.
ireland will be wiped out in this debacle.
There are a lot of Irish in America, eying to buy as soon as Ireland falls apart. It may get to the new year as trading will be light but as soon as the euro goes below the dollar, it will be an avalanche.