EUR

another short order placed at 4430.... don't see much more upside at least for today.. 4440/50 will likley cap any further upmove...

my tp placed at 4330....

will likely see pullback to main support around 4280/4300 level early part of next week... if that level holds... see final push higher to 4470/4500 level....
a dialy close below 4280 could signal top in place and correction already started....

gl/gt

So any thoughts on Spain? Bailout rated as 1 in 7 by Capital Economics...but other than producing great football teams (subsidised by the government), what does Spain produce these days to generate meaningful growth?
place yer bets...

Nor, I had a coupla replies to the link you posted on US debt. Contributors who are deep into the economics.


Frederic MARI Posted: 07 April 2011 10:49 AM [ Report ] [ Ignore ] [ # 18 ]

Total Posts: 40
Joined 2011-01-25 Sorry - I only skimmed this article and it looks pretty errr naive?

We know about M1, M3 etc. Most money is electronic. So what?

Then, there is the idea that the US gvt is not on the hook for its declared $12tr but $65tr. Fair enough. But it then says that, if the US confiscated ALL american assets, it wouldnt get $65tr. And proceed to compare it to world GDP (less than $65tr, it seems) or the US GDP ($14tr, iirc).

Except that these numbers are yearly numbers vs. a $65tr that is a stock of debt/NPV of a stock of liabilities. Thats a pretty big mistake.




Dean Webb Posted: 07 April 2011 08:29 PM [ Report ] [ Ignore ] [ # 19 ]


Total Posts: 118
Joined 2011-01-09 If it were mathematically impossible to repay the debt, then nobody would purchase US bonds.

They still sell, so that math isnt impossible yet.

What we are seeing, however, is a vast transfer of wealth from US taxpayers to owners of private lending institutions. The debt is a persistent cancer on the nation - and that extends to personal debt, as well.

on the contrary..

YEN..... will likely strenghten to 81 level after testing 86.30/50 level b4 heading higher towards 88/89 level...

so expect a big selloff for all the YEN crosses.... :)

gl/gt

eurusd short call @143 sl 1432 and long . Sudden jumps in relative strengths happened at Tokyo open EUR strength up USD down . ( USD sold vs EUR) The divergence is still going on
holding the long call to 1441 at first. On strength differences zero the system closes automatically.