Forum - EUR (Topic)

cat0nip

Frankfurt, Germany

Posts: 1632

13 years ago

Sep 18, 2011 12:13

There is of course another way but Germany is strictly against it: one ministry of economy one of treasury one of finance for all of eurozone.... enormous cost saving potential and moreover a dissolving of cross over or interlinked debt minimizing counterparty risk. Thus imo the european crisis can be solved by giving up national sovereinity for european identity but Germany is strictly against it. Thus the closest approximation is eurobonds. If this is not giong to happen soon we will see spiking CDS on german bunds and with that EFSF is dead.

Qingyu

manchester, UK

Posts: 1763

13 years ago

Sep 18, 2011 11:15

ah, ubs's sheep, teddy like it.

cat0nip

Frankfurt, Germany

Posts: 1632

13 years ago

Sep 18, 2011 10:45

Not at all I am pessimistic. IFO institute has recently figured risk of EFSF for Germany alone is around EUR 430 bln. Thus it doesn't matter what they can and what not, what matters is what must be done. I am convinced if there is no hint at Eurobonds very soon, we will see another
dollar funding problem of Ezone banks, hear plenty of lies that traders made loss of 2 bln ( infact it was lack of dollar liquidity, counterparty risk) and this time the FED will not step in.
Geithner said it all. But The congregation of fools didn't listen.

Helmut

Hannover, Germany

Posts: 24

13 years ago

Sep 18, 2011 10:35

@cat, the EU cannot introduce Eurobonds because the federal court decided two weeks ago that this is not possible with the current EU law. Another point is that the different countries don't agree to Eurobonds, so we don't get this signed off. Even with the current German CDU/CSU cabinet they don't find an agreement on this. We need to have a common consent within Germany and within the other EU countries, this is not going to happen.

This basically means bank bailout packages are needed in several countries to avoid a collapse. This will hurt countries like France, however I don't see other options.

I respect your opinion and have learned a lot from you, with the Eurobonds I believe you are a little bit to optimistic. For the equity markets the question is will there be a rally because equities are material assets and a greece default is priced in, or will be credit de-leveraging pull down the equity markets. For the USD it properly means a stronger dollar as the save-haven.

Nobody should take my assumptions to be correct, my market experience is not good enough to understand the interaction of all this.

cat0nip

Frankfurt, Germany

Posts: 1632

13 years ago

Sep 18, 2011 7:01

G Pap cancelled the meeting with Lagarde and Geithner scheduled Sept 20. That is bad news for Euro. I have a feeling Greece announces bankruptcy with FOMC Sept 21. But does not leave Euro. Consequently after that we will see a big stock rally and the begin of Euro rally
as then EU has no more options . EU must introduce Eurobonds. But before that big volatility.
Better stand side.

DaveO

N.Cornwall, UK

Posts: 5733

13 years ago

Sep 18, 2011 0:17

I expect you might find a Q&A if you look hard enough. Just being sarcastic but yet another thing needs doing.

Trading

LONDON, UK

Posts: 57

13 years ago

Sep 17, 2011 10:20

Limit means take profit, stop means close trade at loss.
You do however also use a limit to enter the trade, they are just types of orders.
Here:http://www.learnmoney.co.uk/spread-betting/orders-1.html

NellyL

Koriyama, Japan

Posts: 1

13 years ago

Sep 17, 2011 9:34

Newbie question, but im learning, so bear with me.
Need clarification on Ashraf's trading calls.
If Ashraf states " Long EURXXX between 1.** - 1.** , for limit between 1.** - 0-1.**, stop at 1.** "
Is he calling for a limit order to buy at the first prices range?
Or is he using the word "limit" insead of "take profit" for the second price range?
Appreciate input. We all have to start somewhere.

DaveO

UK

Posted Anonymously

13 years ago

Sep 17, 2011 1:41

well, well, what an exhuberant day I missed in the europhile room.

Ashraf trying to do far too much. Many hrs on twitter, chart analysis, intermarket analysis, unruly forum to respond to when insulted, telephone calls to make and take, bills to pay, office admin work, travel schedules to organise and then venues to attend all over the globe, carnival barker tv appearances, new book to write, old book to translate into multi languages.

Did I forget something ? ah yes.

Premium Service requiring much dedication and time, trade set-ups to identify and post in a timely manner, questions to answer re trades, more posting on twitter to promote the trades and the service, keep track of 24hr news stream 6 to 7 days a week during a permanent crisis, liase with IMT team, write some of the IMT's himself, worry about the website and pester IT guys to improve, sort out problems with paypal, answer essential emails. I could go on and such is the life of a single handed entrepreneur.

The trouble with this is the risk of nothing quite getting done as the customer might like or demand. And in the process there will come a time when Ashraf will burn out and I would hate to see that. Seriously, I have a love/hate respect for AL but understand the problem.

Qingyu

manchester, UK

Posts: 1763

13 years ago

Sep 16, 2011 19:54

haha, european said to china, if you dont pay ours bill, we have to suicide. a powerful threat! :)