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MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

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Quoting fxtyrant
{quote} ummm no cost pull factors include... lethargic work force.... (a work force in europe thats not flexible enough making labour costs much higher than its supposed to be) cost of production also majorly impacted by europe's austerity programs (where government is taxing heavily and not spending much on infrastructure) but all this is rising cost of production isnt because of demand. but rather a shrinking capacity in production...... and thats bad news because that negative/stagnating growth...... and this spiral is going to continue on if...
Let's get to the basics and use simply terms, as the saying goes ''simplicity is the ultimate sophistication''.
The discussion was to understand the fundamental culprit behind high prices in Switzerland compared to other nations.
You are saying that GDP per capita - as the measure estimating material prosperity of a country - does not reflect the cost of living and so burger price at Macdonald's?
Quoting fxtyrant
{quote} dude stop hoping.... holding on to EURCHF longs is only gona make ur life a misery..... it doesnt even move..... and it only moves up when a big decision happens like SNB monetary policy.... while you wait for big decision they are already sucking the life out of your EURCHF longs from really hefty negative swaps.... besides i dont understand EURCHF's rationale in holding that 1.2 floor.... im beginning to wonder how on earth the SNB is gona hold onto that when ECB is about to announce more easing in Q1 2015.... history has taught us that...
SNB believe that overvaluation of franc posses acute threat(e.g. deflationary environment) to their economy. Since swiss franc is considered to be safe heaven, it wouldn't take long to have their currency appreciate, so they set minimum exchange rate. Pure example is Europe, we are all aware now what happens when currency is overvalued, the problem compounded to the extent that central bank will have to use drastic measures to fight disinflation
Quoting Paulenok
{quote} Let's get to the basics and use simply terms, as the saying goes ''simplicity is the ultimate sophistication''. The discussion was to understand the fundamental culprit behind high prices in Switzerland compared to other nations. You are saying that GDP per capita - as the measure estimating material prosperity of a country - does neither reflect the cost of living nor burger price at Macdonald's?
your sentence doesn't even make any sense grammatically
here let me make this simple.
GDP measure the country's growth, but this growth does not necessarily filter down to individual's wealth China has huge GDP, but pathetic GDP per capita because of its large population and also income gap.
Cost of living however is better reflected by Inflation data such as CPI as CPI measure's a basket of goods as an index then measure the same basket of goods 1 year later to see if prices have risen or fallen, reflecting the cost of living.
However even that inflationary data is difficult to measure, because what should be included in the basket of goods? does a mcdonald meal count?
there are many reason why Price of a big mac maybe high.
1. Material costs increased.
2. Taxes imposed on the product... (like denmark who imposes tax/tariff on junk food)
3. labour costs of the country involved (macdonald in europe are generally expensive in europe because of the lethargic labour involved..., compare the hourly european workers' wages to that of an asian's hourly wage, then you'll understand how a Chicken mcnugget meal in Europe costs 9 friggin euro when in Hong Kong its just above 4 euros)

That should explain to you why Mcdonald is expensive in europe.
meanwhile try string a sentence better so people here could actually understand what you are trying so say yea?
We live in a finite world with infinite possibilities.
Quoting Paulenok
{quote} SNB believe that overvaluation of franc posses acute threat(e.g. deflationary environment) to their economy. Since swiss franc is considered to be safe heaven, it wouldn't take long to have their currency appreciate, so they set minimum exchange rate. Pure example is Europe, we are all aware now what happens when currency is overvalued, the problem compounded to the extent that central bank will have to use drastic measures to fight disinflation
AMEN!!! holy shit you got it.... and if their currency is overvalued.... and deflation is becoming a problem... What has the SNB do as a drastic measure to correct these problems??
Answer: Decreasing Interest rates and expansionary monetary supply in QE..... (Europe already decreased interest rates, QE next.....)

And let me ask you this....
what happens to a currency when you increase the Supply of it? does it appreciate or does it depreciate in value??
just to test your knowledge. cuz i already know the answer.
We live in a finite world with infinite possibilities.
Quoting fxtyrant
{quote} your sentence doesn't even make any sense grammatically here let me make this simple. GDP measure the country's growth, but this growth does not necessarily filter down to individual's wealth China has huge GDP, but pathetic GDP per capita because of its large population and also income gap. Cost of living however is better reflected by Inflation data such as CPI as CPI measure's a basket of goods as an index then measure the same basket of goods 1 year later to see if prices have risen or fallen, reflecting the cost of living. However even...
Which sentence are you referring to?

Why do you keep running away from my question? Does GDP per capita reflect cost of living? Cut the crap with this 'lethargic labour involved'
Quoting fxtyrant
{quote} AMEN!!! holy shit you got it.... and if their currency is overvalued.... and deflation is becoming a problem... What has the SNB do as a drastic measure to correct these problems?? Answer: Decreasing Interest rates and expansionary monetary supply in QE..... (Europe already decreased interest rates, QE next.....) And let me ask you this.... what happens to a currency when you increase the Supply of it? does it appreciate or does it depreciate in value?? just to test your knowledge. cuz i already know the answer.
I would not call negative deposit rates as ''drastic''.
Please clarify your first question, the one which you answered.

To your second question, refer to my post as of why SNB has set the floor for its currency; self-explanatiory.
Quoting Paulenok
{quote} Which sentence are you referring to? Why do you keep running away from my question? Does GDP per capita reflect cost of living? Cut the crap with this 'lethargic labour involved'
Here about gdp and cost of living

GDP per capita is not a measurement of the standard of living in an economy; however, it is often used as such an indicator, on the rationale that all citizens would benefit from their country's increased economic production. Similarly, GDP per capita is not a measure of personal income. GDP may increase while real incomes for the majority decline. The major advantage of GDP per capita as an indicator of standard of living is that it is measured frequently, widely, and consistently. It is measured frequently in that most countries provide information on GDP on a quarterly basis, allowing trends to be seen quickly. It is measured widely in that some measure of GDP is available for almost every country in the world, allowing inter-country comparisons. It is measured consistently in that the technical definition of GDP is relatively consistent among countries.
The major disadvantage is that it is not a measure of standard of living. GDP is intended to be a measure of total national economic activity—a separate concept.
The argument for using GDP as a standard-of-living proxy is not that it is a good indicator of the absolute level of standard of living, but that living standards tend to move with per-capita GDP, so that changes in living standards are readily detected through changes in GDP.
We live in a finite world with infinite possibilities.
Quoting fxtyrant
{quote} Here about gdp and cost of living GDP per capita is not a measurement of the standard of living in an economy; however, it is often used as such an indicator, on the rationale that all citizens would benefit from their country's increased economic production. Similarly, GDP per capita is not a measure of personal income. GDP may increase while real incomes for the...
GDP is obviously not a measure of standard of living, it stands for GROSS DOMESTIC PRODUCT for a reason, right?
You still have not answered my question, does GDP per capita reflect cost of living? After you manage to answer this, we may proceed further with understanding why prices in certain economies are higher than in others.
Quoting Paulenok
{quote} SNB believe that overvaluation of franc posses acute threat(e.g. deflationary environment) to their economy. Since swiss franc is considered to be safe heaven, it wouldn't take long to have their currency appreciate, so they set minimum exchange rate. Pure example is Europe, we are all aware now what happens when currency is overvalued, the problem compounded to the extent that central bank will have to use drastic measures to fight disinflation
psssst,, prier to the 70ties ,, gold was a u.s. standard.. we figured out long ago the stuff was worthless. (its only a trade) many cultures hang on the ancient past. 1 of 3 things are needed for a strong currency. commodities (with energy), manufacturing (cost effective), or strong banking.. and guess who needs to cut to keep up with the euro cuts? the bigger gun helps, but over a long period like the Romans had, cost can be a problem.. years later they called it the euro zone
those who can, do. those who cant, talk about those who can
Quoting Paulenok
{quote} GDP is obviously not a measure of standard of living, it stands for GROSS DOMESTIC PRODUCT for a reason, right? You still have not answered my question, does GDP per capita reflect cost of living? After you manage to answer this, we may proceed further with understanding why prices in certain economies are higher than in others.
The answer is no. Okay?
Cost of living is reflected more by inflation data such as the CPI
Consumer Price Index (demand pull minus cost push)
Theres no demand pull to keep cpi up, but a rising cost push to deplete any inflation.... Hence the reason why cpi in europe is so close to deflation yet mcdonald prices are so high... Not because people are demanding it... But rather its getting exoensive to produce it.
We live in a finite world with infinite possibilities.
Quoting fxtyrant
{quote} The answer is no. Okay?
Quick look at WB figures of 3 top gdp/capita countries are: Luxembourg, Norway, Switzerland. They also happen to be one of most expensive countries for expatriates to live in, why is it so?
i think he has been around the block a little. http://www.fool.com/investing/genera...ates-gold.aspx
those who can, do. those who cant, talk about those who can
Quoting Paulenok
{quote} Quick look at WB figures of 3 top gdp/capita countries are: Luxembourg, Norway, Switzerland. They happen to be one of most expensive countries for expatriates to live in, why is it so?
Ans: tax per capita are high in those countries.
The reason why thise countries have the best living standard is because government has an efficient tax and government spending system in place... Social benefits in those countries are unbelievable. Partly because taces in those countries are high and that the government are willing to spend it back to the people.
Besides those countries are small. Puny when you line their economies up with US...
We live in a finite world with infinite possibilities.
Quoting fxtyrant
{quote} The answer is no. Okay? Cost of living is reflected more by inflation data such as the CPI Consumer Price Index (demand pull minus cost push) Theres no demand pull to keep cpi up, but a rising cost push to deplete any inflation.... Hence the reason why cpi in europe is so close to deflation yet mcdonald prices are so high... Not because people are demanding it... But rather its getting exoensive to produce it.
it is late here already, so my last post

where I live, mcdonalds price is 1 quid for double cheeseburger; average salary 350 quid.
now in UK - double cheeseburger 1.50 quid; average weekly salary ~400 quid.
talk about them being pricey

''Hence the reason why cpi in europe is so close to deflation yet mcdonald prices are so high''

aaahhhhh whatever you believe is right
im out
Quoting Paulenok
{quote} Quick look at WB figures of 3 top gdp/capita countries are: Luxembourg, Norway, Switzerland. They also happen to be one of most expensive countries for expatriates to live in, why is it so?
mostly strong banking. with a lot of the shiny stuff backing. shit happens when your neighbor is selling the same quality for a cheaper price. u have to lower or go out of business. margins become smaller. its just the beginning. those strong banks all want a u.s branch, so they follow those new laws. secret accounts have been exposed.. when the light goes on the roaches scatter. in the process a reset of standards of living change
those who can, do. those who cant, talk about those who can
Quoting Paulenok
{quote} it is late here already, so my last post where I live, mcdonalds price is 1 quid for double cheeseburger; average salary 350 quid. now in UK - double cheeseburger 1.50 quid; average weekly salary ~400 quid. talk about them being pricey ''Hence the reason why cpi in europe is so close to deflation yet mcdonald prices are so high'' aaahhhhh whatever you believe is right im out
Oh dude thats strange... Ur quoting prices in quid.. Thats the UK economy... And since when is the UK inside the eurozone?? What a fucktard... I was talking about thr damn euro currency country and how a chicken mcnugget meal there is 9 euros.
Uk as you put it is not in as much a deflationary problem as EU.

I studied in UK buddy and i know prices in UK are not fucked up.... But i never talked about UK's economy being fucked up... Seems like you fucked up the understanding that i was talking about europe as in eurozone members who uses the euro.... Gosh...
We live in a finite world with infinite possibilities.
Quoting gatorinla
i think he has been around the block a little. http://www.fool.com/investing/genera...ates-gold.aspx
interesting, do you agree with him?
What would you take in the desert, bottle of water or gold? It indeed has no intrinsic value, but again, people get easily attached to everything that's shiny
Quoting fxtyrant
{quote} Oh dude thats strange... Ur quoting prices in quid.. Thats the UK economy... And since when is the UK inside the eurozone?? What a fucktard... I was talking about thr damn euro currency country and how a chicken mcnugget meal there is 9 euros. Uk as you put it is not in as much a deflationary problem as EU. I studied in UK buddy and i know prices in UK are not fucked up.... But i never talked about UK's economy being fucked up... Seems like you fucked up the understanding that i was talking about europe as in eurozone members who uses the...
Sir, hold down your horse. Are you being delusional? You started pointing out how burger in switzerland costs tons, now you argue that it was EURO currency you were talking about the whole time.

make up your mind
Quoting Paulenok
{quote} Sir, hold down your horse. Are you being delusional? You started pointing out how burger in switzerland costs tons, now you argue that it was EURO currency you were talking about the whole time. make up your mind
Well burger in switzerland does cost tons
In fact switzerland and norway are the worst in the world
http://en.m.wikipedia.org/wiki/Big_Mac_Index

Just look how much 50usd can get you how many burgers in various countries. Uk is cheaper than europe and europe is cheaper than swiss/norway
We live in a finite world with infinite possibilities.
5k on chart is normal.. easily it can be more. with the weaker banking and euro cut.. 330% rise here would be back to 1970.. it was at 4.3xx
norm is 2.5 or 1.75 or the smaller 1.25... change since 1970 is banking got weaker and gold standard.. so higher is possible
http://www.globalresearch.ca/the-swi...iative/5418622
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those who can, do. those who cant, talk about those who can
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