Forum
Posts by "stationdealer"
750 Posts Total by "stationdealer":
84
Posts by Anonymous "stationdealer":
A downgrade "will most likely be within the Baa range," Moody's said, in a special comment outlining its sovereign rating approach in the financial crisis.
The comments echo those Moody's made April 29, when it said that "a multi-notch downgrade is likely" and should be based on "the country's medium-term credit fundamentals" because liquidity and debt restructuring risks were "negligible."
Moody's downgraded Greece to A3 from A2 April 22, and placed the rating on review for possible downgrade.
-by Mark Brown, Dow Jones Newswires; + 44 (0)207 842 9485;
sold from 13411, 13389 and 13230 in Euro sep future contract
and long right now from 12535 12680 12727 in may contract
my Long EM0 contract expires 11th june
what should i hold and what should i liquidated here.
this totally eludes me right now seeing euro hold below 12865 cuz for me thats signal for further downside
Comforting. EUR/USD trades down at 1.2890 watch for 12865 down side risk.
If indeed counterparty becomes a dirty word, and people won't trust gold ETFs/GoldMoney/Perth Mint Depository or any other custodial facility, the problem is that the minting and refining industry as a whole does not have the production capacity to meet retail/mass market demand for coins and bars in my view. Look forward to high premiums and/or rationing of production.
Fiat money has no intrinsic value (unless it is a gold receipt)
The state can fix the 'value' of the currency, but this leads to big big big problems, remember the fixed European Exchange Rate Mechanism?
Without this I believe that the rough value of fiat currency is the physical wealth of a nation (however you measure that, also remembering that the STV theory means the value is different to everyone) divided by the amount of fiat in circulation.
A REALLY simple if a nations wealth amounts to '1000 oranges' and the total amount of money in circulation is $10000, then $10 could be said to be worth 1 orange, though if the amount of money in circulation is increased, the value decreases obviously.
Not very scientific but there you go.
7 minutes ago
(AP:LONDON) The Bank of England is expected to keep interest rates steady at 0.5 percent and refrain from any further asset purchases when it finishes its monthly Monetary Policy Committee meeting on Monday.
The decision _ delayed from last week because of the national election _ is being made amid political uncertainty in Britain as leaders jostle for power after the poll resulted in a hung parliament.
Economists also note that growth data released over the past month has been weaker than anticipated, while inflation has been stronger than forecast.
Interest rates have been at a record low for more than year and the bank completed a 200 billion pound quantitative easing program of purchasing assets to boost the money supply in January.
Copyright 2010 The Associated Press. All rights reserved.