DislikedFingers crossed for 1.322. are we gonna see it tonight? Last day for MarchIgnored
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DislikedFingers crossed for 1.322. are we gonna see it tonight? Last day for MarchIgnored
Disliked{quote} Exactly! GDP is not the net number, it is the total amount of the transactions. I can import billions of $ worth of goods but export nothing, produce nothing but still have a high GDP. That would result in inflation and loss of currency value though. So actually we gotta categorise the growth as good and bad growth.Ignored
DislikedFingers crossed for 1.322. are we gonna see it tonight? Last day for MarchIgnored
Disliked{quote} you can't import GDP that would be a negative number in your exampleIgnored
Disliked{quote} In the net import-export difference, yes. In the personal and state spending sections it would be a positive number.Ignored
Disliked{quote} yea its taken care of in imports/exports section, the positive number in spending is actually neutral on imports for a GDP read. {image}Ignored
Disliked{quote} Nope i don't mean high gdp, i mean high GDP Growth Rate. To be more specific, US economy grew since the 1930s right? But that comes with a cost. In 1930s people were able to buy a brand new Ford with few thousand dollars. Now if i am not mistaken a brand new family Ford car costs around 20.000$. People were able to dine out with few dollars back in those days, but now it costs around 20$ So yeah US economy grew since the 30s, but dollar is not strong as it was back in those days.Ignored
Disliked{quote} If an economy depends on imports, money will go out. If money goes out, inflation will rise, if inflation rises, houshold expenditures will also increase. So there is an indirect correlation.Ignored
Disliked{quote} Agree, before one person was able to provide for a family...and look now....But in that case would be the same for every currency. Every currency lost power of purchase through history. Am i wrong?Ignored
Disliked{quote} Yes you are right. Which is why i look at GDP Growth Rate & inflation to predict which currency will lose value faster.Ignored
Disliked{quote} The fundamentals dont matter...its the PERCEPTION of the fundamentals that matter!!!!!Ignored
Disliked{quote} ok, we agree imports are not in a GDP read at all ? how do you explain the Uk, with no inflation and a massive deficit in the current account over the last 20YIgnored
DislikedI see a lot of talk about fundamentals. It is all good folks. My belief is that the market prices everything well in advance hence my strong belief in techs. If I follow fundamentals I would not trade or be too scared to trade and if I do trade it will be a decision based on emotions. I learned this the hard way in my earlier days. The only thing that really scares me or could catch me off guard is a catastrophic event. CheersIgnored
Disliked{quote} I dont care about the fundamentals, I care about the PERCEPTION of the fundamentals.Ignored