Thread: Stupid shit in Medellin
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07-13-22 17:00 #4566
Posts: 693Originally Posted by Elvis2008 [View Original Post]
Originally Posted by Elvis2008 [View Original Post]
Which sentiment (fear) is moving the Dollar / Peso market? Is it fear of Colombian inflation? Is it fear of an economic slowdown because the Colombian Central Bank has raised rates? Is it fear of what Petro might do despite constitutional protections? Is it fear the Peso will fall further so moving into US Dollar denominated government securities is safer?
Are you getting the concept? Currency markets are moved by a whole host of factors, very rarely only 1. You want it to be all about Petro's presidency because you wanted to argue. You can't change the way the world works because you want to foment a squabble.
Originally Posted by Elvis2008 [View Original Post]
Fortunately I don't need to take those kinds of obtuse risks. I've invested my whole adult life and I have a very nice retirement. If social security disappears, I'm still extremely comfortable here or in any other country I might choose to live.
Originally Posted by Elvis2008 [View Original Post]Originally Posted by Villainy [View Original Post]Originally Posted by Elvis2008 [View Original Post]
So tell me where you went to College? Clearly you didn't take finance / banking or statistics courses. You also seem especially lacking in analytical skills. What was your field of study? Or did you even go to college?
Originally Posted by Elvis2008 [View Original Post]
The real question is why are you trying to diffuse the argument? You claimed that the Colombian Peso was going through an unparalleled devaluation because of Petro's election win. I confronted you the YTD statistics on several South American and other countries currencies as well. The big reveal was that a large number of currencies have suffered similar declines relative to the Dollar YTD. As usual when another of your bombastic blunders gets exposed as the absurdity that it is. You try to pivot to a different argument.
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07-13-22 10:51 #4565
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 #4564
Posts: 3385Originally 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 #4563
Posts: 3385Originally 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 #4562
Posts: 1858Originally Posted by Knowledge [View Original Post]
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07-13-22 02:47 #4561
Posts: 1047Originally Posted by JjBee62 [View Original Post]
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07-13-22 01:19 #4560
Posts: 547Originally Posted by JustTK [View Original Post]
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07-13-22 00:07 #4559
Posts: 693Originally Posted by JjBee62 [View Original Post]
Isn't that called DFR? Divorced from reality.
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07-12-22 21:17 #4558
Posts: 5496Originally 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 #4557
Posts: 1858Originally 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 #4556
Posts: 1047Originally Posted by Surfer500 [View Original Post]
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07-12-22 20:56 #4555
Posts: 1680Elvis
Originally Posted by Villainy [View Original Post]
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07-12-22 20:14 #4554
Posts: 1680Sounds good my friend
Originally Posted by Mtndew704 [View Original Post]
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07-12-22 19:48 #4553
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 #4552
Posts: 4067I wondered if it is a new STD or tusi variant.
Originally Posted by Surfer500 [View Original Post]