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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
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.
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?
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..
i suggest sleep, Next week is volatile tokyo is out, greece decision awaited. we will plan next week what do you say.
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
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.
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.