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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
Hi,
Does anyone have experience with the superfxrobot EA? Usually I don't deal with EAs but this one caught my attention because the vendor shows real and live accounts. That is a kind of unique and I wonder what's behind it.
Any kind of hint from users of this EA is most welcome.
Thanks!
slash its benchmark interest rate to zero and expand government
bond purchases to offset the recessionary effects of euro-area
austerity measures, New York University economist Nouriel
Roubini said.
That has to be the policy mix: tight fiscal, but much
more easy money, looser monetary policy, more quantitative
easing and also a weakening of the euro, said Roubini, who
predicted the financial crisis, in an interview in Rome today.
VIENNA (Dow Jones)--The risk of a double dip recession due to current European public finances woes can't be ruled out, as credit problems are forcing European countries to accelerate fiscal consolidation, financier George Soros told a banking conference in Vienna Thursday.
Credit default swaps, which aim to protect creditors against the risk of a default, can be particularly dangerous if they are not used as proper hedging tools, Soros said.
"They are a license to kill". They should only be used if "you have an insurable interest," Soros said.
So-called naked CDS are used by investors who haven't bought or made arrangements to borrow the underlying security, and have come under fire for being purely speculative tools.
Soros is most famous for his role as a currency speculator, making a reported $1 billion in 1992 by betting against the British pound and being described as "the man who broke the bank of England."
"The effects of the Greek crisis will be felt worldwide," Soros said, because the sovereign debt crisis in Europe is forcing the bloc's economies into fiscal consolidation at a time when the economic recovery is still fragile.
"A double dip [recession] can't be ruled out", Soros said.
He added that one of the goals of public policies should be to prevent the emergence of asset bubbles, as financial markets are incapable of correcting their own imbalances.
stable
Bond programme is designed to ensure effective monetary transmission mechanism
Have not changed monetary policy stance as a result of bond purchase programme