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Posts by "stationdealer"
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Posts by Anonymous "stationdealer":
http://www.youtube.com/watch?v=eB_CKL5h2_8
listen to this..........
Clap clap clap...............
A standing ovation from me
The EU is a political union. It is also the largest trading bloc in the world. Its very easy to sit in a trading room and make judgements on the rest of the world. "Germany should leave or Greece should leave", without thinking of the consquences. It simply is not going to happen, not because of the economics but because there are other issues involved such as the security of the people, the past history and the sense of belonging to a union, Greece is a NATo country responsible for the defense of the southern cost of Europe, and much more..........
What we see right now acting on the markets is common sense and bad practices. Considering an Analyst, Economist, some professor of Econ, or a Politician gets a policy wrong, they can get away with it. But if a market participant gets it wrong that would mean the end of his/her firm or career. So for that reason market participant have room to manoeuvre till political-systematic risk diminishes or shows sign of recovery, some form of adjustments, or guarantees. Till political or systematic member do not come up with short and long term policies, market participants will continue to hold a negative outlook and continue to make pointless & wild assumptions regardless if it makes sense or not. They will even go as far as satisfying their reason with some historical data or formations, which we clearly know is not always correct in these current times. We saw that in 2007-08 US crisis and right now you might see it in play as-well. Main street media does not help during these crisis as their system is just to create panic and manipulate anything and everything.
However, I would point out one thing. It became clear to me on my last trip to Eastern Europe. The closest similar situation that we can use as an example of what can happen (and what to avoid) in case the Euro does break up would be the break up of the former Soviet Union into the CIS & the subsequent explosion in different currencies, systems & political instabiliies. Again, this is no ideal example but there are things (the dual currency regimes, etc... that could be used to show how systes operate.........just in case.
Nothing new there then.
Cameron says rise in inflation is worrying and BOE will need to set interest rates to control it, while at the same time saying reducing government borrowing will help ensure interest rates can be kept lower for longer.
I think Ill just stick with what I think, basically Uk rates aint going anywhere for time being.
Despite the shooting star retreat, price is still very much entrenched within an exceptionally steep uptrend. Within the context of this steep uptrend, strong downside support continues to reside around the 1.1400 price region.
In the event of a bullish breakout above the noted 1.1700 price level, price could potentially go on to target further upside resistance in the 1.1950 region.
Given the massive debts in the system, there are two obvious choices. First, hyper-inflate away the debt. However, that ultimately ends in the destruction of the currency and the end of the current fiat age. Secondly, we could default through deflation/devaluation, and try to, in effect, reset the system much like what happened in the 1930s. The major difference between then and now is the relative financial position of both the nation and individuals. Both are considerably weakened as we approach this next phase in Americas existence.
Ive argued for the huge coordinated default/devaluation outcome in US for some time now. The collapse of M3 growth is one of the biggest factors on this side of the argument. The second is history. The US already has a rich experience in fiat money, dating back to before Lexington and Concord. Then, they also have a rich history of defaults thanks to the over-issuance of fiat money. Granted, the defaults consisted of ceasing to redeem paper money for specie (Gold/Silver), but a default is a default right.........US's debt, both internal and external, and dont seem the least bit concerned about real generational or fiscal reform beyond traditional Washington lip service. The Fed has been largely ineffective at doing anything but fattening bank cash flows by squeezing savers and allowing banks to collect generous margins on the performing consumer loans they do have. The bailout money sits in bank coffers, withheld from an economy that now depends on loans for its very survival.
Business | Banking
2010-5-28
THE State Council, or China's Cabinet, ordered a review yesterday of investment agencies run by local governments amid warnings that Chinese banks might face problems if they cannot repay multibillion-dollar loans. ...
Read more:http://www.shanghaidaily.com/article/list.asp?id=8&type=Business#ixzz0pAJvM0Pp
Hey cat! I said that just as a light note, and only in theory mate! Hey read this article you may find it interesting.