Private Citizen Bailout Facility
10:26am EDT: I don’t do this often but this comment over on ZeroHedge had me rolling on the floor this morning:
For the record I do not advocate such action as it will ruin your credit score but I sure respect it 😉 And it’s another sign of the public anger that is brewing (hat tip to Adrian).
Meanwhile an overnight gap is like catnip to laissez faire HFTs – no matter what, it will get filled – only a few ticks to go.
And the buck is giving up most of its overnight progress – currency games continue as scheduled.
A fitting start for OPX week – wear layers and a helmet.
11:00am EDT: If you have any doubts about the ‘engineered’ currency games then please explain to me the Eurodollar chart (Dollars held overseas):