Cable Update (GBPUSD)

Quoting DutchTrader

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Moe,

You're getting too emotional. Seriously, your rant's comical. Listen thanks to Capitalism I've been able to put myself through a great university all through the almighty power of the free market. I'm actually surprised you're on this rant without any background.

If you want to talk China, the reason China rose is because we, Americans, were in need of cheap labor. So let's not act as though we did that out of the kindness of our hearts. It's all raw capitalism.

I would also like to say that Americans have had a fairly long run without any global competition. As a young man I recall the wringing of hands about the state of China, India and Russia and the cries of "How will we support those states". Now some 20 yrs on those countries are thriving. Competition is a great thing, to pretend that the US isn't in a rut is stupid, and you strike me as a smart man.

Again, we are now learning what it is like to compete on a global level, something that imvho Americans have been able to avoid for a long time.

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Quoting Moe

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you guys think im sit here being an american and watch you dog my country my currecny the way you guys being doing you got me fck up, there one thing saying the currency will fall but another thing to post those kind of pictures and talk bad about my fellow american on how we spend and this and that well guess what if you had it you will spend it to, yes some of our spending habbit's has gotten us in trouble and now where paying for it , but don't think othere countries won't follow, it just the cycle.

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Quoting cesarnc

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I'm a pip whore. I'm for the highest bidder. If US Govt does nothing for the dollar, we short the crap out of it.

Go shoot the clowns, Moe. Not us poor hungry rats here. We are not causing the dollar to fall with our accounts...

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Quoting Moe

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oh such a great story, every hoe has one.

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Quoting Moe

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like a true whore, you don't know if your comming or going. buy sell oh no buy no i meant sell, your not a pip whore your a forex whore who got lost in the forex world.

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Quoting DutchTrader

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But all rancor aside Moe, do you only buy usd? Just curious, isn't it about being on the right side of a trade, whatever that is? Just curious

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Quoting Moe

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like a true whore, you don't know if your comming or going. buy sell oh no buy no i meant sell, your not a pip whore your a forex whore who got lost in the forex world.

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Quoting Moe

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thats still not why im mad have you seen the last 5-10 pages it just wasn't attack on the currency but my country in general.

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Quoting Moe

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oh such a great story, every hoe has one.

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Quoting Moe

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who the fuck you think put china on the map is was u.s.a importing all those china goods that made those millionaires in china, who you think made most of my arabs frieands billionaires from there oil, please don't get me started, if it aint the country well then damn american has some smart people to make othere country people millionaires.

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Quoting Moe

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oh such a great story, every hoe has one.

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Quoting Plutonite

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First things first, you don't spell "hoe" that way. There is no e in the end it's just "ho". Very derogative term. Second, patriots get no cookie. Nationalism is the no.1 way of getting your economy to fail by artificially intervening in the markets (if you are a central bank) or by buyint crappy local produce (if it is indeed sub-par).

Right now the US economy is BOOMING. Equity markets are at all time highs, retail sectors have NEVER been better. People mke fun of how americans threw themselves over a cliff by spending what they didnt have, and they are right. Our problem now is credit, so why not admit it? The dollar being weak now is a great thing for our exporters, and it is a great thing for future bulls because it can't get much weaker.

I am long the pip, short on emotions.

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Quoting project1972

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Moe, I personally think that a cheap Dollar is very positive for the US and the best thing that could happen to US, let, those other countries become each time more and more rich and expensive, that's good and very positive to start a exporting business on the US.

I hope to see more US companies like Boeing making a killing with their exporting business.

Of course a cheap Dollar have his consequences in the US economy, like all those 5 miles/gallon SUV owners will need to sell their cars for the value of steel, but its not too bad, the steel will be expensive anyway........

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Quoting DutchTrader

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Ahh...to be honest I don't pay attention to that, seriously. I live here, and have travelled widely. The rate of immigration tells me which country is the best. Now as a true american I know that things aren't perfect, but having lived in south america, europe and in asia I know where I prefer. It ain't perfect here,but it's the best. however now is the time to take our medicine. we will be better for it.

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