Thread: Stupid shit in Medellin
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07-13-22 10:51 #4566
Posts: 1643Correct
Originally Posted by JjBee62 [View Original Post]
Any single reasonably intelligent person can make his analysis fit the situation with superficial plausibility, after the fact. There are as many different versions of that as there are analysts. Hate to break it to ya' gently but this is just another form of mental masturbation.
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07-13-22 05:39 #4565
Posts: 3247Originally Posted by JjBee62 [View Original Post]
If you look at Colombia and Peru, you can see the two management styles used with currencies. The Peruvian Central Bank keeps a tight control on the currency market and the Colombian Central bank keeps its hands off and lets the COP move freely. Which style is best is an endless argument between economists.
However, I do not think there is much debate that a central bank should step in when there are huge moves down in a currency like we have seen with the COP if they can. This exchange rate creates an even more horrific inflation rate for Colombia.
Point is this is a fire. The Central Bank has the hose and they are letting the fire burn. Why?
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07-13-22 03:35 #4564
Posts: 3247Originally Posted by Villainy [View Original Post]
Originally Posted by Villainy [View Original Post]
Originally Posted by Villainy [View Original Post]
Originally Posted by Villainy [View Original Post]
Originally Posted by Villainy [View Original Post]
Originally Posted by Villainy [View Original Post]
Originally Posted by Villainy [View Original Post]
You are right in that is the way currencies are set with USD-Euro and USD-Yen. The exchange rate is set mostly by traders, but when I went to Brazil, I looked to buy puts and they were so expensive and thinly traded they were not worth even buying. I assumed the COP was the same and verified the COP-USD market was not heavily traded. It was just set up in 2021, and I cannot find anything on futures prices or even one contract trading, but there was more to it than that.
Much of technical analysis is looking at charts and their patterns. I am not a big TA guy but there is going to be a different pattern when something like the USD-COP ratio goes higher and it has little to no futures contracts as compared to currencies where there are huge hedges. The pattern without hedges is like what we are seeing with the COP, a line straight to the sky. When there are futures involved, the spike up will be jagged as those who are short a currency have to buy the currency when they get out of their position.
So the real question is why did you make this up crap about traders? Is it you did not know? Maybe, but I think part of is that you are such a Democratic dumb shit douche that you did not want to believe your guy was such a fucking disaster before he stepped foot into office. So this is not USA interest rates are all the other bullshit, it is almost all people who hold real Colombian assets converting them into USD. THAT is what causes the COP to move lower.
Oh, and one last thing, I was wrong about when Q2 earnings come out. It is not July 21. Did you sell your positions and move into the things I told you to? Nah. You are too stupid to do that. All you are going to do is get stressed out from what I post and try to burn me on some stupid petty bullshit like this. Calling my woman a WG is not going to help your portfolio douche.
Ok, you can slither away again. Better luck next time.
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07-13-22 03:20 #4563
Posts: 1801Originally Posted by Knowledge [View Original Post]
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07-13-22 02:47 #4562
Posts: 1043Originally Posted by JjBee62 [View Original Post]
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07-13-22 01:19 #4561
Posts: 540Originally Posted by JustTK [View Original Post]
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07-13-22 00:07 #4560
Posts: 663Originally Posted by JjBee62 [View Original Post]
Isn't that called DFR? Divorced from reality.
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07-12-22 21:17 #4559
Posts: 5482Originally Posted by Villainy [View Original Post]
https://www.cnbc.com/2019/05/16/eu-r...x-rigging.html
This isn't the first time.
https://www.reuters.com/article/bank...0O50MG20150521
Or the second time.
https://en.m.wikipedia.org/wiki/Forex_scandal
The relatively few people who are either celebrating, or lamenting the Colombian election can no more move the market than a guy with a bucket can empty a lake. The forex market is a $5 trillion per day market.
Just for perspective, from June 2008 to May 2009 COP went from about 1700 to 2450. By October 2009 it was back near 1800. From February to June 2006 it went from about 2250 to 2550. More recently, it went from 3204 on January 10,2020 to 4118 on March 20,2020. The current trend isn't unprecedented.
It may continue, it may reset.
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07-12-22 21:02 #4558
Posts: 1801Originally Posted by Surfer500 [View Original Post]
Histrionic Personality Disorder.
"psychological disorder. Dramatic, emotional, or erratic. Distorted mental image of themselves. Base their self-esteem on the approval of others. Resort to dramatic antics. Uncomfortable in situations in which they are not the center of attention. Interactions with others characterized by inappropriate sexually seductive or provocative behavior. Rapidly shifting expression of emotions. Style of speech that is excessively impressionistic. Self-dramatization, theatricality. <*bold* considers relationships to be more intimate than they actually are <*bold* ".
Just saying.
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07-12-22 20:57 #4557
Posts: 1043Originally Posted by Surfer500 [View Original Post]
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07-12-22 20:56 #4556
Posts: 1680Elvis
Originally Posted by Villainy [View Original Post]
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07-12-22 20:14 #4555
Posts: 1680Sounds good my friend
Originally Posted by Mtndew704 [View Original Post]
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07-12-22 19:48 #4554
Posts: 1643I don't have the patience or gumption to look up this post
Originally Posted by ChuchoLoco [View Original Post]
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07-12-22 19:24 #4553
Posts: 4034I wondered if it is a new STD or tusi variant.
Originally Posted by Surfer500 [View Original Post]
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07-12-22 18:20 #4552
Posts: 3801Originally Posted by JustTK [View Original Post]