Have yo ever seen an American worker striking because he's not getting a Christmas bonus? The American economy is more adaptable to crisis and changes, the European economy is rigid and people are lazier. The American worker will eventually get to work on bycicle, the European will wait for the Government to provide for his transportation and subsistence.
With all respect to all...this almost becomes a political discussion...
Can we focus back on trading whereby fact is we see a strong USD now...but most importantly to which level will it bring us and what do we expect on Sydney / Tokyo close and Europe open today...
I'm still digesting the moves and slightly puzzled about a reasonable forecast whereby I tend to backup the theory if we stay rangebound 1.52 - 1.525 Europe might start a retrace towards 1.533 - 1.537
Just my 2 Cents...
With all respect to all...this almost becomes a political discussion...
Can we focus back on trading whereby fact is we see a strong USD now...but most importantly to which level will it bring us and what do we expect on Sydney / Tokyo close and Europe open today...
I'm still digesting the moves and slightly puzzled about a reasonable forecast whereby I tend to backup the theory if we stay rangebound 1.52 - 1.525 Europe might start a retrace towards 1.533 - 1.537
Just my 2 Cents...
Yeah, we got a little off track there.
With all respect to all...this almost becomes a political discussion...
Can we focus back on trading whereby fact is we see a strong USD now...but most importantly to which level will it bring us and what do we expect on Sydney / Tokyo close and Europe open today...
I'm still digesting the moves and slightly puzzled about a reasonable forecast whereby I tend to backup the theory if we stay rangebound 1.52 - 1.525 Europe might start a retrace towards 1.533 - 1.537
Just my 2 Cents...
It's easy to blame the current administration for every problem on Earth, it's become the "now" thing to do and it is the main reason that a complete whack job like Obama can even be in the running for the big job. But I don't see it that way.
Being a pro trader as you are, and its obvious you are as your opinion is respected around here, I would think that you would be more accepting of the ups and downs of an economy. Just like the market shifts trends so does the economy. It's just that the current generation(s) of adults have not really had to live through any type of recession like our parents did. Sure we had the tech bubble burst, but only after astronomical returns for years. Sure we have seen 401K's and mutual funds lose some money, but only after years of phenomenal returns. We have been spoiled by a great economy which eventually had to correct itself. Take real estate, people were selling houses after owning them for only 5 years and getting 200-300% returns, did we really expect this to continue forever? Of course not, the market has to correct itself somehow and that is what it is doing. People in the US are scared because they never had to save before, like out parents did. I believe (and it is only my opinion) that this is a normal economic pullback. We do have to address social security and an expensive war, we do have to disallow the wlefare state that the Dem's want to create, we do have to stop incentivizing people to not work by extending benefits longer and longer, but the situation is not the end of America.
I am not being combative, just offering a differing opinion. The economy was bound to pull back after all the years of good times, but there is no need to panic.
