Posts by "daveo"

It is the younger generations that got us into the financial mess. All economic graduates in recent years need to go back to school to learn the meaning of a loan. Its that silly ! They studied the wrong model. Young wiz kids from multi level marketing replaced older generation bank managers in the mid 90's. They would now be about age 40/45. Wow they could sell sand to the arabs but they had no idea about business. Young people naturally have idealistic views but then catnip they grow up into men with some real experience in life.

I'm afraid the european parliament is a wonderful den of corruption and never likely to change. Members are not even accountable. Older people tend to be nationalistic for very good reason ! Your idealistic dream is finished. Its just a matter of time. And what do you think of Belgium's government in the last 6 months catnip ? yes I mean the capital of europe. What a farce.

I can also see the USA unwinding, particularly Texas. The union has been cheated. Politicians are a necessary evil but they only plan as far as the next election and most have no other experience in life except hot air and exploiting self interest. The union was originally governed by part time entrepreneurs from all sectors. It had a chance of working then. Now congress is nearly as bad as the european parliament. The world is in great danger of total implosion catnip but you seem to think that spinning money around in circles playing tricks can solve everything, real jobs and real work producing goods of value are what matter. You can look to germany for what I am talking about. Much of europe became excessively lazy and uncompetitive because it was your idealistic dream that created that situation. In the end eveything will revert back to the laws of nature. You won't even be able to trade markets for your living. You will be forced to produce something useful or choose to starve :-)

Cloe, lol, good luck my friend. I dont like the market action now. Shan't trade "properly" until after the new year except some scalps.

referring to your Q to Ashraf, if you look at his testimonial guys they are all young bucks compared to me :-) Not only professional fund managers ! I would like to make his one day sesion in London so might see you there ? Not sure if I can drag myself out of Cornwall, depends on the weather for 6 hr car drive :-)

Said, if you are referring to Uk QE, Mervyn King will hold off as long as he dare and continue to mention the device is available at every opportunity. Once the cuts start to bite in the next few months I expect unemployment to rise more than has been discussed as the private sector will not keep up taking the slack of public sector redundancies. I expect GDP to turn down. I also expect some anarchy second half of 2011. It is much easier to talk about making the deficit cuts than to put into practice. Lets see what happens. Maybe they will have to slow the program of cuts and speed the program of QE. Its annoying we have inflation, something that Brown used to try hide.

Catnip, EU experiment was always flawed from the start. Anyone with one ounce of common sense could see that. Now we are seeing the beginning of the end. Good luck germany, all other nations should receive what they deserve comensurate to their degree of bad government, corruption and laziness.

Its amasing how one missed word (like "can") can alter the meaning and cause a problem. The nuances in market commentary are everything. Choice of words are everything. When Ashraf refers to H&S I watch his words like a hawk as often I myself read H&S a little differently to other traders. In this latest controvery that word he used "can" was extremely relevant. As someone else said earlier when an H&S first breaks either direction best to hold back a little for some degree of confirmation. So many traders love to fade direction and that's up to them and their style of trading so it doesn't matter what any of us might say and think there will always be disagreement :-)