since when have economics had anything to do with markets? We in the UK like pretty pictures ashraf, check out some herehttp://stats.oecd.org/oecdfactbook/
I wonder if China have read this thread, G8 demands hey? so much for global collective togetherness on tackling the worst financial crisis since the great depression, i thought the great depression was exaggerated by protectionism. I thought US was China's trading partner. (more like IMPORTING partner) China have started to follow this unsustainable model of loans to stimulate a domestic consumer debt driven growth,(have they not been watching the news on the financial crisis?) it's a train wreck waiting to happen!! how far does $2trillion go in China? they haven't got the commercial infrastructure to do adopt this policy, even it did we could be in a sideways market for years. However bitter a pill it is to swallow, helping the developed world out of recession is a quicker way out of this mess. Im no economist you can probably tell, but there's something ominous about current attitudes across the globe, nerves are starting to fray.
apologies in advance to ask this in this thread. In hindsight, do you think that letting the financial system default and reset itself, with governments guaranteeing depositors and supplying bridging loans to business where needed, would have been preferential to the walking dead banks and gov. debt levels we see now ?
this is very worrying, it means that all that economic stimulus has achieved as much as it's going to. Not a bad thing for the dollar though, or oil prices. Im only starting to see why the reserve currency price is SO important to world economic recovery, so if it was SO important, the mind boggles as to why the banks and credit rating agencies were allowed to go 'hog wild' with it. unbelievable.
i agree ashraf, i also think this is a technical 'head' and we will see a shoulder, but thats a few days away, i reiterate my bearish stance on the indices, everytime the trend line (GBPUSD) is touched the bounce has been big, not this time though.... i heard the phrase 'double dip recession' on BBC this morning that got me even more bearish.
actually even though it was non eventful it looks like the GBPUSD started to form a 'head' today, Cameron is setting about Brown about the fact Britain is out of money OECD are even laying the boot in 90billion isn't enough, is this going to be perceived weakness in the GBPUSD. Americans 'saving' , Bernanke announcing less quantitative easing, doesn't this tighten dollar supply? 16650 is looking just about it, with 4th July i can see this drifting up on light volume to test 16600 if it doesn't, how do you feel about a right shoulder now we are so close to that test of the trend line.
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(11 months ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(11 months ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(11 months ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (11 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (11 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (11 months ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(11 months ago)
i traded hsbc and standard charter options through this.
In hindsight, do you think that letting the financial system default and reset itself, with governments guaranteeing depositors and supplying bridging loans to business where needed, would have been preferential to the walking dead banks and gov. debt levels we see now ?
Americans 'saving' , Bernanke announcing less quantitative easing, doesn't this tighten dollar supply? 16650 is looking just about it, with 4th July i can see this drifting up on light volume to test 16600 if it doesn't, how do you feel about a right shoulder now we are so close to that test of the trend line.