It has become a weekly thing now. In its desperation to preserve the EURDKK peg, the Danish central banks has cut rates into negative, then cut them again, then again last week, and moments ago, just cut its deposit rate to negative one more time, pushing NIRP from -0.5% to -0.75%, its fourth "surprise" rate cut in the past 3 weeks!

...Schaeuble stressing that bailout promises must be kept if Greece is not to lose international trust and confidence and, lastly, Varoufakis pointing out that Greece will never recover under the weight of its current debt load.

Greece and its European partners — including Germany — have to come to an agreement before the current bailout program ends on Feb. 28 or Greece is at risk of running out of money. However, during Thursday’s press conference Varoufakis stepped up his push for a bridge loan to buy time for negotiations with the country’s creditors.

In an unprecedented event, the yield on Nestle's corporate debt went negative this week.

That means investors are essentially willing to pay for the right to park their cash in the safety of the Swiss chocolate company. The bonds might as well come with a note saying: "In Nestle we trust."

"You're looking at something that's never happened before. It's a brand-new phenomenon," said Richard Salditt, a credit analyst at Bloomberg Intelligence. "Strange things are going on in financial markets."

thanks lythos! very interesting and I find your comments insightful.

Not sure if OP is looking to moderate this thread, but I'll add this to the stack of news today

Denmark rates go negative on 4th cut in 3 weeks

http://www.zerohedge.com/news/2015-02-05/it-will-now-cost-you-075-save-money-denmark-danish-central-bank-cuts-rates-fourth-ti

Ha, nice. It seems that I'm assumed by default to be an 'active' bagholder

Or maybe my occasional off-topic rants in here help.

Only after the Asian financial crisis in 1997 and the days following the collapse of Lehman Brothers in 2008, have currencies been more volatile, said Bank of America Merrill Lynch strategist David Woo

Just when U.S. stocks were rebounding, late-day news that the European Central Bank is rejecting Greek bonds as collateral sent stocks south, with the S&P 500 finishing lower on Wednesday.

After a four-day rally, which sent oil price up more than 20% oil prices fell sharply Wednesday, with March WTI crude CLH5, +0.87%  dropping nearly 9% to settle at $48.45 a barrel.

The European Central Bank said Wednesday it would suspend a waiver it had extended to Greek public securities used as collateral by the country’s financial institutions for central bank loans.

After almost a year and a half of holding its policy interest rate unchanged, the Reserve Bank of Australia cut by a quarter percentage point Tuesday, citing weak inflation and a stronger-than-desired currency. The move put the cash rate at a historic low of 2.25%. With the interbank market having priced in a 60% chance of a cut, according to Reuters, the Australian dollar fell sharply on the news, dropping to 76.72 U.S. cents from 78 U.S. cents just before the announcement. Stocks rose, meanwhile, with the S&P/ASX 200  up 1.1%, extending its pre-decision gain of 0.3%. In comments accompanying the move, RBA Gov. Glenn Stevens said that the consumer price index "recorded the lowest increase for several years in 2014," and " it appears likely that inflation will remain consistent with the target over the next one to two years," given weak growth in labor costs. Meanwhile, Stevens repeated the RBA view that the Australian dollar remained "above most estimates of its fundamental value, particularly given the significant declines in key commodity prices."

As China enters its third year of slowing growth, there is growing concern the debt reckoning cannot be kicked down the road any longer, and the days of almost unlimited risk-free credit are coming to a close, writes Craig Stephen.

Demand for residential loans continued to weaken, despite the fact that banks have made it easier to get a mortgage, according to a survey released by the Federal Reserve Monday. “Weakening demand for residential loans...is broadly consistent with the weakening in home sales activity in recent months,” said Millan Mulraine, deputy head for U.S. research at TD Securities.

A stronger-than-expected reaction to the European Central Bank’s asset-purchase program and increased risks of a crisis to the euro bloc have added to the pace of the common currency’s downward trajectory, says Barclays’ currency research group in a note to clients.

The bank predicts the euro will weaken to $1.08 by the end of June, and to $1.05 by the end of September. But Barclays anticipates that by the end of the year the euro will be trading at a 1-to-1 ratio with the dollar for the first time since 2002, the year it entered circulation as a physical currency. That forecast is down from Barclays’ earlier prediction that the euro would trade at $1.07 by the end of 2015

QE 4, 5, 6, 7 will arrive in some months/years.

Great job:)

Id recommend getting them to use Changetip, sending tips to friends for fun over twitter or youtube.

also if they like games, they can get the latest bundle (changes weekly) for $3 - or less if they want:
humblebundle.com

also dont forget they can search http://coinmap.org/ to see whats near by, or check this article: http://www.coindesk.com/information/what-can-you-buy-with-bitcoins/

I saw gweedo is one of the mods there. Try asking him for invites.

Buy @ $213.00 with $85.76, Total = 0.40263BTC

cant believe that there are still fools around willing to pay more than 200 usd for a bitcoin.