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  • #76,141
  • Mar 16, 2009 8:13pm Mar 16, 2009 8:13pm
Quoting neel123
HA HA
Good to see some other Gators here!
  • #76,142
  • Mar 16, 2009 8:15pm Mar 16, 2009 8:15pm
Quoting ak4x
Now you're getting it...

"Late last week, things took an even more bizarre turn in the Japanese money markets. The nation's benchmark overnight lending rate, the interest rate banks charge each other, fell below zero for the first time.

That means the banks aren't just giving money away – they're paying other banks to take it. In many ways, it's the ultimate vote of no-confidence in the Japanese financial system."
http://www.abc.net.au/pm/content/2003/s893425.htm

Just one of many such articles on Japan's plight...
where can i get a japanese credit card? *L*
those who can, do. those who cant, talk about those who can
  • #76,143
  • Mar 16, 2009 8:16pm Mar 16, 2009 8:16pm
Quoting ak4x
Now you're getting it...

"Late last week, things took an even more bizarre turn in the Japanese money markets. The nation's benchmark overnight lending rate, the interest rate banks charge each other, fell below zero for the first time.

That means the banks aren't just giving money away – they're paying other banks to take it. In many ways, it's the ultimate vote of no-confidence in the Japanese financial system."
http://www.abc.net.au/pm/content/2003/s893425.htm

Just one of many such articles on Japan's plight...
Nice reminder ak The shadow banks that were created in the 90's in Japan(by bailing them out) still haunt their financial system...

And if we think of what's happening now one has to wonder...
Traders are smartasses
  • #76,144
  • Mar 16, 2009 8:17pm Mar 16, 2009 8:17pm
Quoting gatorinla

enclosing a little little known trading tip for experts as well as nebies that may help trading.
http://www.youtube.com/watch?v=u1VEY7ndKCs

when you finish this there will be a short test after to see what you have learned..

Thanks, I requested a Paint Drying Cam earlier, with 3Bil people in the world everything is already done
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #76,145
  • Mar 16, 2009 8:22pm Mar 16, 2009 8:22pm
Tough crowd. Luckily I grabbed 15 pips from the start of Japan. Still seems bullish. Support held at 2953 looks uphill from here.
Left Wing, Right Wing, same bird
  • #76,146
  • Mar 16, 2009 8:26pm Mar 16, 2009 8:26pm
U.S. rates will eventually go below zero as well.

So if you think you have a bad interest rate in your savings account now, just wait.
Not all sins are created equal
  • #76,147
  • Mar 16, 2009 8:28pm Mar 16, 2009 8:28pm
EU
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  • #76,148
  • Mar 16, 2009 8:29pm Mar 16, 2009 8:29pm
actually im a Tiger fan... as in L.S.U.... S.E.C. baby!!!!!! im a S.E.C fan and a L.S.U. fan in any S.E.C. game...
those who can, do. those who cant, talk about those who can
  • #76,149
  • Mar 16, 2009 8:33pm Mar 16, 2009 8:33pm
Quoting Jay Walker
U.S. rates will eventually go below zero as well.

So if you think you have a bad interest rate in your savings account now, just wait.
just in case times get tough ...
Attached Image
those who can, do. those who cant, talk about those who can
  • #76,150
  • Mar 16, 2009 8:36pm Mar 16, 2009 8:36pm
Quoting Jay Walker
U.S. rates will eventually go below zero as well.

So if you think you have a bad interest rate in your savings account now, just wait.
we got a bank here near me offering 5% on savings..
those who can, do. those who cant, talk about those who can
  • #76,151
  • Mar 16, 2009 8:37pm Mar 16, 2009 8:37pm
Quoting Jay Walker
U.S. rates will eventually go below zero as well.

So if you think you have a bad interest rate in your savings account now, just wait.

Savings account? What's that?
  • #76,152
  • Mar 16, 2009 8:51pm Mar 16, 2009 8:51pm
[EUR/YEN] is trying to climb back to the 128's after holding well above 127.00 (Ldn low, late NY low and early morning low at 127.20, 12 and 20). Stocks strength and Dlr and Yen weakness on funds' active activities continue. The pair has peaked out at 128.74 overnight, ahead of the offers reported around 127.80-90. 128.00 is paid for the moment.
those who can, do. those who cant, talk about those who can
  • #76,153
  • Mar 16, 2009 8:51pm Mar 16, 2009 8:51pm
Quoting panguFX
Savings account? What's that?
That's the glass jar on your bureau that contains the entirity of your expelled manhood. "If I don't waste it I won't go Blin..."
Hey; Who turned the Lights Out???
  • #76,154
  • Mar 16, 2009 8:52pm Mar 16, 2009 8:52pm
Quoting panguFX
Savings account? What's that?
I know you're just being facetious but this is exactly what the problem is.

"Savings? What savings?"

When a country has negative savings, it's only a matter of time before the proverbial shit hits the fan.

Listen to Jim Rogers. Every time he's asked, he talks about Japan's lost decade. This wiki link explains what he's talking about.

That bubble popping was far from pleasant for the Japanese. But many managed to weather the storm because they are savers.

So now that people have a $300,000 house bought using a liar's loan and bought furniture on a buy-now-pay-later plan. They lose their jobs and obviously can't save because they work at Wally World for minimum wage, and that's if they haven't lost their jobs. Now what do they do to weather that storm?
Not all sins are created equal
  • #76,155
  • Mar 16, 2009 8:53pm Mar 16, 2009 8:53pm
Quoting Bemac
That's the glass jar on your bureau that contains the entirity of your expelled manhood. "If I don't waste it I won't go Blin..."
Hey; Who turned the Lights Out???
expelled manhood?

It's not "Stork in a bottle" savings & loans I hope!
Not all sins are created equal
  • #76,156
  • Mar 16, 2009 9:03pm Mar 16, 2009 9:03pm
What do we think, new high during London session?

I think we will.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #76,157
  • Mar 16, 2009 9:07pm Mar 16, 2009 9:07pm
Quoting KillerWhale
What do we think, new high during London session?

I think we will.
Looking at the 1 hour chart, I think it's likely...well....that's what my noob money is on
Doing what you like is Freedom. Liking what you do is Happiness.
  • #76,158
  • Mar 16, 2009 9:09pm Mar 16, 2009 9:09pm
Quoting realjumper
Looking at the 1 hour chart, I think it's likely...well....that's what my noob money is on
Mine too but, hopefully, looking @ a couple of London sessions.
  • #76,159
  • Mar 16, 2009 9:11pm Mar 16, 2009 9:11pm
Quoting Jay Walker
expelled manhood?

It's not "Stork in a bottle" savings & loans I hope!
jay thought this may relax you some

Attached Image
those who can, do. those who cant, talk about those who can
  • #76,160
  • Mar 16, 2009 9:13pm Mar 16, 2009 9:13pm
Quoting gatorinla
jay thought this may relax you some
Good one for a lazy Tuesday morning!
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