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Cable Update (GBPUSD)

  • #119,821
  • Feb 11, 2009 9:49am Feb 11, 2009 9:49am
Quoting wormboy
joe : owh man I thought we're gonna take the long trip down south together?

glad I got out when i did....seems she wants to go mountain climbing for a while it....
  • #119,822
  • Feb 11, 2009 9:51am Feb 11, 2009 9:51am
Quoting sofia101
I will start looking at long from 1.4350 maybe 1 small lot to begin with
Well I am true to my word I am buying at 1.4350 will see
  • #119,823
  • Feb 11, 2009 9:53am Feb 11, 2009 9:53am
Quoting wormboy
joe : we don't need a sledgehammer. We need bernanke to come on. That'll spook her down the steps
poor spankybernanke - he looks like he has lost a shilling and found sixpence !

I think he has less clue than anyone now - he has too much information

I have had my GM card credit limit increase denied ! It's $2,500 and I have paid it off 100% every month for 18 months on electronic statement day - so its ALWAYS paid before i receive the paper statement ! Thank goodness I have good limits on my bank cards but I expect to see the limits slashed

I reckon credit card wipe out is upon us now and the spiral is down and is getting worse
  • #119,824
  • Feb 11, 2009 10:03am Feb 11, 2009 10:03am
Quoting allserene
poor spankybernanke - he looks like he has lost a shilling and found sixpence !

I think he has less clue than anyone now - he has too much information

I have had my GM card credit limit increase denied ! It's $2,500 and I have paid it off 100% every month for 18 months on electronic statement day - so its ALWAYS paid before i receive the paper statement ! Thank goodness I have good limits on my bank cards but I expect to see the limits slashed

I reckon credit card wipe out is upon us now and the spiral is down and is getting worse
A few years ago someone who pays off their bill in full each month would have got an increase without even asking it. I guess they're more risk averse at the moment.
  • #119,825
  • Feb 11, 2009 10:09am Feb 11, 2009 10:09am
allserene : atm, he looks more like he has no clue at all. did you watch him grilled yesterday. the look on that face gave it away
Thank You
  • #119,826
  • Feb 11, 2009 10:18am Feb 11, 2009 10:18am
Quoting daffy
A few years ago someone who pays off their bill in full each month would have got an increase without even asking it. I guess they're more risk averse at the moment.
haha yes they are scared stiff

my original limit in 2007 was 600 dollars !

I showed em a 100% paid off house, 3 government guaranteed indexed linked pensions, zero liabilities of any kind, a working wife in a high paid government job and sent em a statement for a bank account with $750k in it as a tickler - their response was to move me from 600 dollars limit to 2,500. Now after another year with a perfect payment record, they are stopped at that !

Joe the plumber must be well stuffed

I wasnt going to buy a GM car anyway - so I will see em in line outside the unemployment office as I ride past in my superb Toyota

ok watching cnbc as they all thrash around in total confusion - boss hog and bat ears geithner - they are like king canute trying to turn back the tide

what a hoot
  • #119,827
  • Feb 11, 2009 10:20am Feb 11, 2009 10:20am
that bailout they just approved is just another weak bandage on a deep economic wound that only time will heal....unless they cut income tax rate so much that consumers will have extra money to start spending again.....thus creating prospect of rising production..leading to hiring again....

obama is an idiot.... he thinks that by throwing money at companies..they will hire ppl again!

they are not going to hire ppl again until they see rise in demand for their products or services!!

need to get the consumer spending again by putting money in their pocket !!

CUT INCOME TAXES BY OVER 70% i say !!
  • #119,828
  • Feb 11, 2009 10:22am Feb 11, 2009 10:22am
Quoting sofia101
Well I am true to my word I am buying at 1.4350 will see
i'm still holding short position. target 1.4150
  • #119,829
  • Feb 11, 2009 10:25am Feb 11, 2009 10:25am
Quoting John Lo
i'm still holding short position. target 1.4150
Maybe I could see 1.4250 but I will start buying now long term
  • #119,830
  • Feb 11, 2009 10:26am Feb 11, 2009 10:26am
Quoting allserene
As predicted by the pacific curmudgeon (you thought that was a fish), the stock market has stopped sulking and is ignoring geithner's lack of a plan and going up

Let's see what the" bat eared", tax evading twerp says in a couple of hours

Probably - ' I did have a plan but I left it in my girlfriend's apartment - so i tried to wing it - but never mind, here it is !'
Hes Mr Spock minus the charm.
  • #119,831
  • Feb 11, 2009 10:29am Feb 11, 2009 10:29am
Quoting allserene
poor spankybernanke - he looks like he has lost a shilling and found sixpence !

I think he has less clue than anyone now - he has too much information
Don't they have Greenspan in a glass fronted cabinet with a label next to it reading, 'Break in case of emergency' ?
I think this qualifies.
  • #119,832
  • Feb 11, 2009 10:31am Feb 11, 2009 10:31am
its forming a tight range now...

where will she break out to ??
  • #119,833
  • Feb 11, 2009 10:32am Feb 11, 2009 10:32am
Quoting joemiami
that bailout they just approved is just another weak bandage on a deep economic wound that only time will heal....unless they cut income tax rate so much that consumers will have extra money to start spending again.....thus creating prospect of rising production..leading to hiring again....

obama is an idiot.... he thinks that by throwing money at companies..they will hire ppl again!

they are not going to hire ppl again until they see rise in demand for their products or services!!

need to get the consumer spending again by putting money in...
To force companies to hire people here, they have to tax corporations on outsourced personnel. Now all manufacturing and most of white color jobs are outsourced. But all consumers are here and unemployed.
  • #119,834
  • Feb 11, 2009 10:38am Feb 11, 2009 10:38am
I went to George Mason University in Virginia, one of my professors is a nobel prize winner in Economics...

he always said.... want to get the consumer to start spending again in periods of slowing economic activity and falling employment?....

CUT PERSONAL INCOME TAXES HEAVILY
  • #119,835
  • Feb 11, 2009 10:38am Feb 11, 2009 10:38am
Quoting sofia101
Maybe I could see 1.4250 but I will start buying now long term

hi sofia,
where do you think buying for long term will go?
  • #119,836
  • Feb 11, 2009 10:42am Feb 11, 2009 10:42am
Quoting joemiami
I went to George Mason University in Virginia, one of my professors is a nobel prize winner in Economics...

he always said.... want to get the consumer to start spending again in periods of slowing economic activity and falling employment?....

CUT PERSONAL INCOME TAXES HEAVILY
You mean a VAT cut of 2.5% that according to Gordon Brown puts an extra £20 in people's pockets (which they could have saved by not spending the money in the first place .... ) and costs the taxpayer 12 billion pounds isn't the way to go? It does show a lack of common sense to think that a 2.5% cut will make any difference, when high street retailers are offering 50% off their products already!
  • #119,837
  • Feb 11, 2009 10:44am Feb 11, 2009 10:44am
Quoting podrilla
hi sofia,
where do you think buying for long term will go?
First goal 1.4620 and then....
  • #119,838
  • Feb 11, 2009 10:44am Feb 11, 2009 10:44am
Quoting joemiami
I went to George Mason University in Virginia, one of my professors is a nobel prize winner in Economics...

he always said.... want to get the consumer to start spending again in periods of slowing economic activity and falling employment?....

CUT PERSONAL INCOME TAXES HEAVILY
If your income is 0, your personal income tax is 0 by default.
First, you have to get a job, earn some money and THEN observe the tax level.
For now, the companies want to produce outthere, but sell the product here.
It won't work. John Doe does not have money in his pocket right now.
  • #119,839
  • Feb 11, 2009 10:46am Feb 11, 2009 10:46am
Quoting daffy
You mean a VAT cut of 2.5% that according to Gordon Brown puts an extra £20 in people's pockets (which they could have saved by not spending the money in the first place .... ) and costs the taxpayer 12 billion pounds isn't the way to go? It does show a lack of common sense to think that a 2.5% cut will make any difference, when high street retailers are offering 50% off their products already!
once the personal income tax gets cut heavily....pll will be more inclined to start buying products and services at all price ranges...takes time for the gears to start spinning...
  • #119,840
  • Feb 11, 2009 10:46am Feb 11, 2009 10:46am
Quoting sofia101
First goal 1.4620 and then....
oh i see..thanks!!
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