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Cesarnc's market talk, gossips, rumours & fun

  • #3,361
  • Jan 19, 2008 11:50pm Jan 19, 2008 11:50pm
Quoting Turtle
There are two major reasons to buy and sell currencies:

1. About 5% of daily turnover is from companies and governments that buy or sell products and services in foreign countries, then profits made are converted back into their domestic currency.

2. The other 95% is trading for profit or speculation, which translates to the tremendous profit potential in this highly lucrative market.


That was one of my first reads involving forex........

That's why I like this thread....

HOLLA

95%.......................DAMMM.............

HOLLA
  • #3,362
  • Jan 20, 2008 5:08am Jan 20, 2008 5:08am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
this was posted at the comedy club

just incase you missed, this is why we all trade better on mondays.

In one episode of "Cheers", Cliff is seated at the bar describing the Buffalo Theory to his buddy, Norm. I don't think I've ever heard the concept explained any better than this . .


"Well you see, Norm, it's like this . . . A herd of buffalo can only move as fast as the slowest buffalo. And when the heard is hunted, it is the lowest and weakest ones at the back that are killed first. This natural selection is good for the herd as a whole, because the general speed and health of the whole group keeps improving by the regular killing of the weakest members.
In much the same way, the human brain can only operate as fast as the slowest brain cells. Now, as we know, excessive intake of alcohol kills brain cells. But naturally, it attacks the slowest and weakest brain cells first. In this way, regular consumption of beer eliminates the weaker brain cells, making the brain a faster and more efficient machine.
And that, Norm, is why you always feel smarter after a few beers."

unless you drink on and day that ends in Y
  • #3,363
  • Jan 20, 2008 8:03am Jan 20, 2008 8:03am
Quoting MPP
this was posted at the comedy club

just incase you missed, this is why we all trade better on mondays.

In one episode of "Cheers", Cliff is seated at the bar describing the Buffalo Theory to his buddy, Norm. I don't think I've ever heard the concept explained any better than this . .


"Well you see, Norm, it's like this . . . A herd of buffalo can only move as fast as the slowest buffalo. And when the heard is hunted, it is the lowest and weakest ones at the back that are killed first. This natural selection is good for the herd as a whole, because the general speed and health of the whole group keeps improving by the regular killing of the weakest members.
In much the same way, the human brain can only operate as fast as the slowest brain cells. Now, as we know, excessive intake of alcohol kills brain cells. But naturally, it attacks the slowest and weakest brain cells first. In this way, regular consumption of beer eliminates the weaker brain cells, making the brain a faster and more efficient machine.
And that, Norm, is why you always feel smarter after a few beers."

unless you drink on and day that ends in Y

Humble Lifetime Member
  • #3,364
  • Jan 20, 2008 12:55pm Jan 20, 2008 12:55pm
Quoting MPP
this was posted at the comedy club

just incase you missed, this is why we all trade better on mondays.

In one episode of "Cheers", Cliff is seated at the bar describing the Buffalo Theory to his buddy, Norm. I don't think I've ever heard the concept explained any better than this . .


"Well you see, Norm, it's like this . . . A herd of buffalo can only move as fast as the slowest buffalo. And when the heard is hunted, it is the lowest and weakest ones at the back that are killed first. This natural selection is good for the herd as a whole, because the general speed and health of the whole group keeps improving by the regular killing of the weakest members.
In much the same way, the human brain can only operate as fast as the slowest brain cells. Now, as we know, excessive intake of alcohol kills brain cells. But naturally, it attacks the slowest and weakest brain cells first. In this way, regular consumption of beer eliminates the weaker brain cells, making the brain a faster and more efficient machine.
And that, Norm, is why you always feel smarter after a few beers."

unless you drink on and day that ends in Y
  • #3,365
  • Jan 20, 2008 1:30pm Jan 20, 2008 1:30pm
I Need Beer before monday.................
I Deeply Love My Virtual Life In Virtual World , RLC
  • #3,366
  • Jan 20, 2008 1:50pm Jan 20, 2008 1:50pm
Quoting youalreadykn
BDI will recover in the next month. I don't think the current BDI readings are even close to being an accurate representation of global demand. China has been intentionally cutting off imports of iron ore and other materials to drive shipping prices down before the iron ore negotiations. They are now getting to the point where they have limited supplies and can't meet their own demand, so they will need to go back to importing via dry shipping.

It's not at a bottom yet, but it's close.
I agree totally. Years ago I worked in the shipping industry and have a close relative who runs a major company now. So I follow the BDI and all the companies comprising it. I have my own "Dow 30" of shipping and they look to be leveling off to maybe make a new move higher.

But the big driver of the world economy is the USA and it ain't looking pretty here so even if China and India continues to grow, their growth will be stunted if the US goes into a recession and especially if the recession is like a male porn start - deep and long. :
  • #3,367
  • Jan 20, 2008 2:06pm Jan 20, 2008 2:06pm
This recession is to make Bush look bad(as if he needs anymore excuses to look bad), The fed wants the door to hit him on the ass on the way out, then welcome back the Clinton's and another booming economy. Greenspan made sure this would happen before he left. He does not like the Bushes.
I love his new book. Why did I wait this long to read it?
Just Trade It
  • #3,368
  • Jan 20, 2008 2:06pm Jan 20, 2008 2:06pm
Quoting SunTrader
I agree totally. Years ago I worked in the shipping industry and have a close relative who runs a major company now. So I follow the BDI and all the companies comprising it. I have my own "Dow 30" of shipping and they look to be leveling off to maybe make a new move higher.

But the big driver of the world economy is the USA and it ain't looking pretty here so even if China and India continues to grow, their growth will be stunted if the US goes into a recession and especially if the recession is like a male porn start - deep and long. :
Agree 100%. If recession is deep and long though, Wall Street and carries better get the K-Y ready.

I have a conspiracy theory that once USD strength rises to a respectable level (not anytime this year) the Chinese will start their slow, but continuous dumping of their dollar reserves which will inevitably result in the collapse of the US dollar. The next World War... economic.
  • #3,369
  • Jan 20, 2008 2:09pm Jan 20, 2008 2:09pm
Quoting SunTrader
I agree totally. Years ago I worked in the shipping industry and have a close relative who runs a major company now. So I follow the BDI and all the companies comprising it. I have my own "Dow 30" of shipping and they look to be leveling off to maybe make a new move higher.

But the big driver of the world economy is the USA and it ain't looking pretty here so even if China and India continues to grow, their growth will be stunted if the US goes into a recession and especially if the recession is like a male porn start - deep and long. :
Thinking about what you just said, would not be good for China a recession in the US, to help them slowing down their economy (like they want, should and are trying to unsuccessifully?)

Never thought about it from this angle...
  • #3,370
  • Jan 20, 2008 2:14pm Jan 20, 2008 2:14pm
Quoting cesarnc
Thinking about what you just said, would not be good for China a recession in the US, to help them slowing down their economy (like they want, should and are trying to unsuccessifully?)

Never thought about it from this angle...

BINGO, The U.S found a way to slow China's growth. By causing a recession in their own economy. It's as if this shit was planned.
Just Trade It
  • #3,371
  • Jan 20, 2008 2:15pm Jan 20, 2008 2:15pm
Quoting youalreadykn
Agree 100%. If recession is deep and long though, Wall Street and carries better get the K-Y ready.

I have a conspiracy theory that once USD strength rises to a respectable level (not anytime this year) the Chinese will start their slow, but continuous dumping of their dollar reserves which will inevitably result in the collapse of the US dollar. The next World War... economic.
Not so fast. The Chinese need the US more than we need them. There is so much espionage going on the part of Chinese that it's unbelievable. They need hi-tech weapons designs which the US will not share so they have resorted to stealing them. I can not divulge what I know but if you do your research, you'll find some articles. When they do dump the $, it will be when they have become an economic and military super power, not before then which will probably happen within the next 30-50 years.
Humble Lifetime Member
  • #3,372
  • Jan 20, 2008 2:17pm Jan 20, 2008 2:17pm
Quoting Big Wave Rider
BINGO, The U.S found a way to slow China's growth. By causing a recession in their own economy. It's as if this shit was planned.
No, of course not. But for China, a recession in the US won't be bad at all.

Like, slowing down their growth from 14% a year to what, lousy 10% only?
  • #3,373
  • Jan 20, 2008 2:20pm Jan 20, 2008 2:20pm
Quoting cesarnc
No, of course not. But for China, a recession in the US won't be bad at all.

Like, slowing down their growth from 14% a year to what, lousy 10% only?

No, I think it will slow much more than that. Just wait for the post Olympic economic numbers to come in.
Just Trade It
  • #3,374
  • Jan 20, 2008 2:25pm Jan 20, 2008 2:25pm
Quoting Big Wave Rider
No, I think it will slow much more than that. Just wait for the post Olympic economic numbers to come in.
Oooohhh yeah.... There is this post-Olympics factor this year, when most say it will be time for the bubble to burst.
  • #3,375
  • Jan 20, 2008 3:04pm Jan 20, 2008 3:04pm
Quoting Ash
Not so fast. The Chinese need the US more than we need them. There is so much espionage going on the part of Chinese that it's unbelievable. They need hi-tech weapons designs which the US will not share so they have resorted to stealing them. I can not divulge what I know but if you do your research, you'll find some articles. When they do dump the $, it will be when they have become an economic and military super power, not before then which will probably happen within the next 30-50 years.
Won't happen, imitation only gets you so far. The reason why I'm skeptical of the India/China paradigm being mentioned is the social factors that imvho prohibit and inhibit the true maximization of human capital.
Patience + Humility + Study = Success
  • #3,376
  • Jan 20, 2008 3:17pm Jan 20, 2008 3:17pm
Quoting Ash
They need hi-tech weapons designs which the US will not share so they have resorted to stealing them.
Oh dear!
Are the US hi-tech weapons so easily stealable?
Have you ever heard about SCO?

Chinese unfortunately do not need US weapons anymore, and neither will it take them 30+ years to become military superpower.

Sorry for disappointment...
  • #3,377
  • Jan 20, 2008 3:31pm Jan 20, 2008 3:31pm
Quoting JanPoko
Oh dear!
Are the US hi-tech weapons so easily stealable?
Have you ever heard about SCO?

Chinese unfortunately do not need US weapons anymore, and neither will it take them 30+ years to become military superpower.

Sorry for disappointment...
Sorry to inform you but when it comes to military superiority in terms of weaponry, there is no equal to the US. Indeed the Chinese need advanced technology to modernize their military. No, the US Weapons are not easily stealable but have you ever heard about corporate espionage? Such as Lockheed Martin, Boeing and other famous (and not so famous) companies that make dual use weapons? If that is the case, then why not just go ahead and take over Taiwan? They are behind in the game but are slowly catching up. Sorry, can not and will not go into details.

As far as SCO, you will have to be a little bit more specific. There are many acronyms with SCO.
Humble Lifetime Member
  • #3,378
  • Jan 20, 2008 3:57pm Jan 20, 2008 3:57pm
Quoting Ash
Sorry to inform you but when it comes to military superiority in terms of weaponry, there is no equal to the US.
Agree. There is no doubt that The US are by far superior to all others. Unfortunately, when it comes to WMD, the importance of superiority disappears.

And thanks to Shanghai Cooperation Organisation (SCO), China is now the part of the most destructive world power. Not technologically superior, but still, the most destructive.


Quoting Ash
If that is the case, then why not just go ahead and take over Taiwan?
Well, perhaps the officers from Kitty Hawk started to think different, beginning 11/22/07.

What is important to me, I do not share your conviction, that China cannot practically start dumping dollars just because it needs the US, quite the contrary, in my long term considerations I rather assume that China could contribute to US financial problems pretty soon.
  • #3,379
  • Jan 20, 2008 4:02pm Jan 20, 2008 4:02pm
What's up crew, welcome back to another trading week......

Nothing better than NFL Football and Forex........

Plus a nice little debate going......

HOLLA
  • #3,380
  • Jan 20, 2008 4:12pm Jan 20, 2008 4:12pm
Quoting JanPoko
Agree. There is no doubt that The US are by far superior to all others. Unfortunately, when it comes to WMD, the importance of superiority disappears.

And thanks to Shanghai Cooperation Organisation (SCO), China is now the part of the most destructive world power. Not technologically superior, but still, the most destructive.


Well, perhaps the officers from Kitty Hawk started to think different, beginning 11/22/07.

What is important to me, I do not share your conviction, that China cannot practically start dumping dollars just because it needs the US, quite the contrary, in my long term considerations I rather assume that China could contribute to US financial problems pretty soon.
As far as the SCO is concerned, it's a joke. It's like the local neighborhood bullies picking on the little kids in the neighborhood but when confronted by someone bigger, they run like little chickens.

As far as the Kitty hawk incident, it was all politics.

China needs the US in the short to medium term. After they've gotten what they need, they will then start flexing their muscles. They will not only be a problem for the US but Europe as well.

Only time will tell. Happy pippin trading to all!
Humble Lifetime Member
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