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Posts by "catnip"
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2148 Posts by Anonymous "catnip":
Apparently Bundesbank gave credits to liquidity strapped EZone banks. These rose from Eur 18 bln in 2008 to 326 bln in 2010. This is the secret of basically bankrupt but ever climbing spanish banks and savings. If there is a haircut, then Bundesbank claims will be cut as well.
Thus the air for Eur gets thinner day by day.
The Ezone administration in terms of cost outdoes US administration by a factor of 6. And none can be fired . US simply closes government and period. Unthinkable especially in officials' paradise Germany.
Imo , I stay with Maestro Greenspan who said when Eur was introduced the common currency cannot last long. Mr Alan and Dr.Ben clever men.
I shorted gas de France stock ( GDF ) with CFD, also Total stock. I am still long gasoline future.
Also Portugal has close ties with Algeria gas&oil.
Using currency strength , the differences of differences of strengths is equivalent to correlation
coefficients and the the difference of these ( the third derivative) can indeed serve as entry and exit signals far more precise than technical analysis of a pair chart .
Unfortunately no currency strength meter supports processing strength ticks . Thus one has to
do a lot of software designing by oneself. The core is a database.