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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
Is it not clear that dollar is going past 100 and this is going to stoke inflation in US and eurozone.
Clearly, the ECB will be raising intrest rates before the end of the summer. Euro is a hard currency - look at the price stability of the eurozone. At some point of time, the falling dollar will create panic and many will be burnt - including several punters out here. Can any of you "seriuos" traders mention how much money u made shorteing the euro or dollar? thousand bucks?? this shows from the quality of comments that appear from most of the people in this site now.
I have read Ashraf's book and in he did make good sense over commodities, china and the strateic shift in reserves. But now I think he is geting too much carried away on short term direction of the dollar and has lost sense of the US deficits, inflation thats coming up and growing influence of Indo china.
It would be great to see some serious comments on this website. Mostly what I see is jobless day traders losing their savings while making nickels and dimes in 100 pip moves.
Where s the big picture?
Indeed, me too.
dj
more than 50.000 politicians and more than 8 million govt officials ? AND another 15 million of those retired fed with incredibly fat pensions? I bet no and I'm sure l'll win.