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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:

EUR

Discuss EUR in this thread
 
lalobertone
Buenos Aires, Argentina
Posts: 10
14 years ago
May 2, 2010 19:17
So Catnip, following our thoughts, Either way the Euro poised to be lower. At some point Germany will have to give up and accept some inflation (in order to give some competitivness to the other countries) if it wants the Euro Zone to remain together.
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
May 2, 2010 18:00
Imo it is worse than Argentina. German Chancellor Merkel made it as clear as clear can go there is no
economcial and no political union supporting the monetary union. This is just the death knell for EUR.
I don't know whether it is a maximal mistake , maximal stupidity, or a plan.
Of course Greece will default at first the bonds restructuring then default.
Do not believe all those lies. Greece did not live beyond its means in fact Greece spent a lot of money
in its industries to become competitive. Germany killed Greece. How? because of the strict go east policy. An enormous stream of money was invested into eastern Europe and very ceap labor was created there and taken advance of. With that cheap workforces Greece could not compete.
lalobertone
Buenos Aires, Argentina
Posts: 10
14 years ago
May 2, 2010 16:19
IMG=IMF
lalobertone
Buenos Aires, Argentina
Posts: 10
14 years ago
May 2, 2010 16:18
The most I read about Greeces problem the more it looks like Argentina 2001. The same happend when the IMG gave us the bailout package against wage cuts in the public salaries and severe public deficit cuts, i remember it was called tha "blidaje". It was supposed to reduce Argentinas spread an put us on the road again.
The problem was, like its happening in Greece now, that the populaton didnt take it. Riots and striker started.
The result, 6 month later the president resigned and argentina finally defaulted.
It seems like the IMF didnt learn the lesson.
Anyone of you guys feels the same like me? that bail out or not Greece is facing default?
Is there any difference of what happened in Argentina in 2001?
INGbalek
Trencin, Slovakia
Posts: 120
14 years ago
Apr 30, 2010 18:50
rrose...long only if that Greece thing develops as expected..agreement,,etc etc...in my opinion it will not make any difference to current situation..euro bear situation..pplenty of other issues..
but there can be a nice GAP upwards...maybe worth trying..

im allready short gbp and eur ... will wait until 1,51 and 1,31 respectively..
Shane
Lahore, Pakistan
Posts: 209
14 years ago
Apr 30, 2010 18:47
rose
i suggest sleep, Next week is volatile tokyo is out, greece decision awaited. we will plan next week what do you say.
INGbalek
Trencin, Slovakia
Posts: 120
14 years ago
Apr 30, 2010 18:45
@
im watching Catnips contributions very cautiously,,and i think he s a Big PRO..understands things i dont even know that matters so much..if someone can trade without charts of currencies-Mastery...

u told that once, u dont read charts, just yields and that other macro stuff...catnip
rrose
United States
Posted Anonymously
14 years ago
Apr 30, 2010 18:45
gold/aud and aud/usd thinking of closing and thinking of going long eur/usd for the weekend what do you think forum?
Shane
Lahore, Pakistan
Posts: 209
14 years ago
Apr 30, 2010 18:44
Catnip , mont, rose e.t.c
Guys hopefully we all are going great and we know eachother a bit now i believe catnip is more experienced than all of us. So i want to forward a suggestion have you guys ever tried to work as a team. Is that good or bad? Please post your opinions all i suggest is i requested ashraf for a chat room i hope he will reply soon. Anyways we can try to make a small team, i think it will work i dont want us to trade togather but sometimes a messenger can help you tell eachother about a development. What do you guys think about us above all we can all learn from eachother as well. LETS GIVE IT A TRY GUYS COMEON. If you guys are intrested add me yshahnawaz@hotmail.com or post your and i will add you If it will not help we can always quit.
Shane
Pakistan
Posted Anonymously
14 years ago
Apr 30, 2010 18:36
Catnip
This is a bit more than what i got in 2 months lols. Good job. i trade in smaller lots never more than 50000 at a time.
I have some good winners may be if i calculate pips i can get a bit closer to you.Anyways good work keep it up and do share your trades i will try to take a ride with you if you have no problems.