Nihil inimicus quam sibi ipse Marcus Tullius Cicero
Jacko's Forex House of Pleasure and Pain
- #6,784
- Mar 22, 2009 2:41pm Mar 22, 2009 2:41pm
sorry toddfx..I cant quite see how your trend lines originate...I still see a strong bearish (without having any tl's of my own drawn up) sentiment both on daily and weekly....
perhaps if you can resize your charts smaller i may see where the starting point is....
regarding the other pairs I believe there are threads dedicated to them...GU for sure....
perhaps if you can resize your charts smaller i may see where the starting point is....
regarding the other pairs I believe there are threads dedicated to them...GU for sure....
Nihil inimicus quam sibi ipse Marcus Tullius Cicero
- #6,786
- Mar 22, 2009 11:55pm Mar 22, 2009 11:55pm
Hi all,
Today will be a very important day in the history of the US dollar.
Later this, morning Tomothy Geithner will outline the details of the administration’s long-awaited plan to create a government body called the Public Investment Corp., funded by as much as $100 billion and purchase up to a Trillion dollars worth of troubled assets from the balance sheets of banks.
This plan relies on private investors (the mercenary "wolves" of hedge funds and private equity funds) to team up with the government (the lamb) to relieve banks of assets tied to loans and mortgage-linked securities of unknown value. Until now, there have been virtually no buyers of these assets because of their uncertain risk and pricing.
However, as part of the program, the government will offer "subsidies" (??), such as low-interest loans, to "motivate" private funds to form partnerships with the government to buy the troubled assets from banks.
I will re-state that last sentence in a way that hasn’t been said: However, as part of the program, the US taxpayer will offer "subsidies" (??), such as low-interest loans, to motivate private funds to form partnerships with the US taxpayer to buy the troubled assets from banks.
This plan is starting to look like the plan from hell...and the US taxpayer is going to be made to suck it up ... big time...and make big "donations" to the hedge funds and private equity firms for the privilege of bailing out the banks.
So the banks get to sell their junk at a higher price than it is worth.... the hedge funds will get huge subsidies...and the US taxpayer gets to pay for all of it. A great Deal
.
Jacko
Today will be a very important day in the history of the US dollar.
Later this, morning Tomothy Geithner will outline the details of the administration’s long-awaited plan to create a government body called the Public Investment Corp., funded by as much as $100 billion and purchase up to a Trillion dollars worth of troubled assets from the balance sheets of banks.
This plan relies on private investors (the mercenary "wolves" of hedge funds and private equity funds) to team up with the government (the lamb) to relieve banks of assets tied to loans and mortgage-linked securities of unknown value. Until now, there have been virtually no buyers of these assets because of their uncertain risk and pricing.
However, as part of the program, the government will offer "subsidies" (??), such as low-interest loans, to "motivate" private funds to form partnerships with the government to buy the troubled assets from banks.
I will re-state that last sentence in a way that hasn’t been said: However, as part of the program, the US taxpayer will offer "subsidies" (??), such as low-interest loans, to motivate private funds to form partnerships with the US taxpayer to buy the troubled assets from banks.
This plan is starting to look like the plan from hell...and the US taxpayer is going to be made to suck it up ... big time...and make big "donations" to the hedge funds and private equity firms for the privilege of bailing out the banks.
So the banks get to sell their junk at a higher price than it is worth.... the hedge funds will get huge subsidies...and the US taxpayer gets to pay for all of it. A great Deal
.
Jacko
...
So the banks get to sell their junk at a higher price than it is worth.... the hedge funds will get huge subsidies...and the US taxpayer gets to pay for all of it. A great Deal
- #6,795
- Mar 23, 2009 11:26am Mar 23, 2009 11:26am
China calls for a new reserve currency....
They just love the USD
http://www.ft.com/cms/s/7851925a-17a2-11de-8c9d-0000779fd2ac,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F7851925a-17a2-11de-8c9d-0000779fd2ac.html&_i_referer=http%3A%2F%2Fwww.ft.com%2Fhome%2Fuk
They just love the USD
http://www.ft.com/cms/s/7851925a-17a2-11de-8c9d-0000779fd2ac,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F7851925a-17a2-11de-8c9d-0000779fd2ac.html&_i_referer=http%3A%2F%2Fwww.ft.com%2Fhome%2Fuk
- #6,796
- Mar 23, 2009 1:42pm Mar 23, 2009 1:42pm
- Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
aorafx,
hope they are not referring to the Amero.
a Euro-inspired Asian currency, perhaps..
hope they are not referring to the Amero.
a Euro-inspired Asian currency, perhaps..
- #6,799
- Mar 23, 2009 3:36pm Mar 23, 2009 3:36pm
- Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
ok willf, please don't tell anyone about the Amero.
i'm still planning to have a currency collection, it would take a while to collect these, so i hope we won't have a single global currency in 5-15yrs.
i'm still planning to have a currency collection, it would take a while to collect these, so i hope we won't have a single global currency in 5-15yrs.
SupremeChaos,
the reference is to Special Drawing Rights from the IMF.
Nothing to worry about short term, but we don't know how long the current monetary system will hold.
The Chinese are not happy holding USD, they would like to hold a safe currency and not be exposed by the US monetary policy.
So, no, they will not be looking at the Amero!!! It's too close to the USD...
For a speech by the governor on this: http://www.pbc.gov.cn/english/detail.asp?col=6500&id=168
aorafx
the reference is to Special Drawing Rights from the IMF.
Nothing to worry about short term, but we don't know how long the current monetary system will hold.
The Chinese are not happy holding USD, they would like to hold a safe currency and not be exposed by the US monetary policy.
So, no, they will not be looking at the Amero!!! It's too close to the USD...
For a speech by the governor on this: http://www.pbc.gov.cn/english/detail.asp?col=6500&id=168
aorafx