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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
I take the side of Cameron here the EU is an ineffective extremely costly adminstration monster that cannot be tolerated.
Merkle broadly supports that 63 bln of EU budget alone goes for
EU officials. That is 6% of the total budget. No private enterprise could survive that. Only Merkel's.
I often wonder what your macro perspective is Ashraf, not just on the eu. Perhaps we could have that Latte' sometime when I am in town.
no offence to both sides, i am so small! :)
I didnt know you were also a psychologist reading people's nervousness and sentiments.
But i did notice that every single comment from you on this forum is more negative than the next.
One who read your comments 4 weeks ago or 4 months ago, would have believed EURUSD to hit parity or disintegrate.
How long will the markets continue to be wrong and you continue to be correct?
Regardless of whether I thing EUR is a mess of debt mess or an inconceivable project, that is NOT the challenge...we can all talk about at a party or at a cafe.
The challenge here--the hard part--is to figure out where the market goes from here--at which point it follows fundamentals/flow/sentiment/etcc.
Otherwise, persistently talking gloom and doom on the Eurozone starts sounding like a broken clock & its twice/daily accuracy.
Anybody can do that in a blog or newspaper etcc
Ashraf
Ashraf