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Posts by "shane"
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The Banana Republic of the United States. We're not there yet, but we're certainly sliding in that direction. One of the characteristics of a banana republic is that its run by a few powerful rich people, who use their influence to get whatever they want from the folks who write the lawslaws that are tailor made just for the elite.
The deal-making is really at the heart of the way these societies work: Well-connected fat cats scheme and make deals with the politicians; then the politicians make deals with each other behind closed doors; and then laws are proclaimedkind of like what happened with the health care bill. And kind of like what's happening now with the financial reform bill.
Nebraska Sen. Ben Nelson was one of the chief deal makers with the health care bill, and that cost him dearly with his fellow Nebraskans, who thought his deal making stunk. But old habits die hard, and now Sen. Nelson is pushing for a special deal in financial reform law that would overwhelmingly benefit Sen. Nelson's richest constituent: one, Warren Buffett.
Mr. Buffett's Nebraska-based Berkshire Hathaway has a $63 billion derivatives portfolio, and derivatives are one of the focal points of this bill. The proposed bill would have forced Berkshire to put aside a huge reserve fund to cover the potential losses from these derivatives if they went bad. But Sen. Nelson's trying to change the law to make it apply just to those folks who buy derivatives from now on. In other words, not only would Mr. Buffett get off the hook in coming up with new reserves, but it would put a heavy burden on Mr. Buffett's future competitors. In some ways, this kind of banana republic deal is worse than what happens under socialism...at least socialists are clear about their intentions to take over all private property.
It reminds us of something Milton Friedman used to say:
"The biggest enemy of the free market is not the socialist, but the businessman who wants a free market for everyone but himself."
These are the deals and the carve outs that describe so much of what goes on in Washington these days. Of course, this kind of deal making isn't new. But the dollar amounts are now so huge in relation to the overall economy that they take on whole new dimension...the old political pork we used to rail against on Scoreboard, as bad as it was, was relatively puny in comparison.
I dont think so 1.51 is miles away, 1.52 will hold.
the price action has only two directions either its going up or going down, and if you follow the law of probability even with no analysis you should be right 50% of the time if you choose your direction with eyes close. Any kind of analysis gives you two advantages firstly you increase your chances of success and adding more chances to the right choice and secondly giving you psychological courage to believe in yourself and stay with the trade.
Every one has his own style and this may not be applicable to all, It works for me though, i dont use MA, on small time frames. The only things i use are Support and resistance lines 200, 100 and 50 day MA.Plus following the long term trend and finally price action and a bit of candles.
After trichet the point is not if but when and when it happens we will see a nice bounce, euro has been really struck because of greece , it will try to regain 1.4 which i am sure it will fail , but still 1.37 is a medium term target, which i believe it will achieve.
yes i believe so 1.36 and may be 1.37 aswell, anyways a short term euro correction is underway, the day the package is finalised that will be a horrible day for shorts.
I see 1.57 do u see the same aswell.
1. dont put barricades on your money as only a continous flow of money will ensure that you continue to earn.
2. if you take every thing who will buy ur products, whom you will sell .
3. proper distribution of wealth not only ensures that you will have more but will help u grow much faster.
4. if you help eradicate poverty you will have much more consumers which means much more profits.
5. for the eithiest you dont need money my brother or atleast spend it all before u die as u cant even boost about it in hell.
6. This is not greek, try to understand the logic. its very mush proven and applicable