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  • #166,661
  • Nov 28, 2009 4:03am Nov 28, 2009 4:03am
Quoting lloydblankfe
obviosly you are having trouble answering my points and thinking selectively.
Ok... so to your points:

Quote
seriously one sided thinking like peer steinbruck last year that who said yen is moving irrationally. Europe should worry about its own problems.

Shouldn't that be true for every country? Hello US?

Quote
Yes but japanese debt is held domestically and it is them who hold 5 trillion dollars of net foreign assets, in Europe and America, they sell those assets to buy back their currency, should go up. Plus if a currency is used for carry trade then it is sold, then more has to be bought back to pay interest and amount borrowed so it should weaken, please think before you say anything.

That's what I've said. If it used for carry trades it gets sold and weakens and during unwindings it gets bought and strenghtens. But that doesn't change the fact that the Yen is fundamentally weak.

Quote
Europe has no foreign debts so what about those who borrow Swiss francs to buy home in Euroarea due to lower interest rate, Fact is Eurozone has over 21 trillion dollars of foreign debt, and Europe as a whole close to 35 trillion of the 50 trillion dollars worldwide of debt. This is gross debt by the way

Do I miss something here? Who cares about CHF? They are in Europe even though they are not a member yet. Of course not all debts are domestic debts but most of them.

Could you give me a source of your numbers please?

Quote
And yes they are printing money, but ECBs balance sheet as a percentage of GDP is larger than Feds, so its interest rate differentials that are only favouring Europe.

Again, please give me a source for that.
  • #166,662
  • Nov 28, 2009 4:16am Nov 28, 2009 4:16am
Mate Europes currency dropped against Yen last year more than dollar, the Germans were bashing it, it is fundamentally stronger than Euro

1. Lower long term interest rates are better, high interest rates are not better as investors will simply buy higher long term interest rate bonds and convert the interest back to the currency which funded the investment e.g yen. Investor borrows 1 million yen sells it to buy Euro gets one percent interest and converts the one million yen equivalent and one percent back, so in theory currency should weaken. They have a trade surplus, Eurozone has deficits. They have lower inflation than Eurozone which is better for currency. And they have a Net foreign asset position of plus 5 trillion or more. Eurozone doesn't have this. Over longer term this shows that yen will outperform if trend continues the Euro, i am not talking about 1 year i am talking a decade.

Yes Switzerland are in Europe i am sure you know where they are on the map, not too dificult and they are not in eu.

The definition of external debt is debt held by foreigners or owed to foreigners it doesn't matter what currency it is in. Germany for instance has foreign debt of over 5 trillion dollars.

http://www.cnbc.com/id/18080780

look at the link and add up the numbers.

http://www.bloomberg.com/apps/news?p...d=aBJp_FWQ6wIc

read the article and also, i am talking about ecbs balance sheet being bigger than feds as a percentage of GDP.

Sorry to hurt your feelings but Europe is a continent of past even though i live in Europe.Euro was created to make Europe look like emerging economy.
  • #166,663
  • Nov 28, 2009 4:32am Nov 28, 2009 4:32am
ahh he has vanished
  • #166,664
  • Nov 28, 2009 5:25am Nov 28, 2009 5:25am
Who? Me?

Hmm maybe you're better in math than I because I don't get how you get to those numbers. You add the earnings to get the debts? And where did you get that 5 trillion bullshit number for Germany? That would be above 100% GDP. You really made my day, dude.

Maybe it's time for a more official link than a link to two news sources.

http://en.wikipedia.org/wiki/Economy...European_Union
  • #166,665
  • Nov 28, 2009 5:27am Nov 28, 2009 5:27am
I know this is a german link but you should be able to read at least the number at the top:

http://www.staatsverschuldung.de/schuldenuhr.htm
  • #166,666
  • Nov 28, 2009 6:29am Nov 28, 2009 6:29am
Quoting lloydblankfe
Europe has no foreign debts so what about those who borrow Swiss francs to buy home in Euroarea due to lower interest rate, Fact is Eurozone has over 21 trillion dollars of foreign debt, and Europe as a whole close to 35 trillion of the 50 trillion dollars worldwide of debt. This is gross debt by the way

Debasing a currrency shifts the debtload of Americans onto those whose currencies are rising.

And yes they are printing money, but ECBs balance sheet as a percentage of GDP is larger than Feds, so its interest rate differentials that are only...
I've seen worst cases of mental diahhrea, anyway my iggy list just got bigger
Traders are smartasses
  • #166,667
  • Nov 28, 2009 7:16am Nov 28, 2009 7:16am
xaron you think you are clever, your not and will have your smirk wiped of your face, that deficit i don't know what it refers to i assume its government debt.

http://en.wikipedia.org/wiki/List_of..._external_debt

This is from 2008 where it shows German external debt at 4.5 trillion you are not clever do not try to bend facts.Yes the debt is above 100 percent of gdp and is so for most European countries.

The truth always hurts.
  • #166,668
  • Nov 28, 2009 7:19am Nov 28, 2009 7:19am
what you were talking about is german government debt, banks and other businesse borrow from abroad too. When deutsche banks wants to short dollars it has to borrow them, that counts as foreign debt. clearly you need a lesson
  • #166,669
  • Nov 28, 2009 7:20am Nov 28, 2009 7:20am
Quoting Spsantos
I've seen worst cases of mental diahhrea, anyway my iggy list just got bigger
mate you need a lesson too Europes time has long past, just accept the truth.
  • #166,670
  • Nov 28, 2009 7:26am Nov 28, 2009 7:26am
Quoting lloydblankfe
mate you need a lesson too Europes time has long past, just accept the truth.
and which countries will be the future? and why?
meine augen sind die sterne
  • #166,671
  • Nov 28, 2009 7:36am Nov 28, 2009 7:36am
probably in Asia, Brazil, Africa, they are getting less bureaucratic whereas Europe and America unfortunately not.
  • #166,672
  • Edited 8:18am Nov 28, 2009 7:58am | Edited 8:18am
Quoting lloydblankfe
xaron you think you are clever, your not and will have your smirk wiped of your face, that deficit i don't know what it refers to i assume its government debt.

http://en.wikipedia.org/wiki/List_of..._external_debt

This is from 2008 where it shows German external debt at 4.5 trillion you are not clever do not try to bend facts.Yes the debt is above 100 percent of gdp and is so for most European countries.

The truth always hurts.
Wow, I'm sorry. You're right. Looks like I need indeed a lesson... NOT.

And anyway. The US is just in much, MUCH, much worse condition than the EU. Pros know that, it's the reason why the Euro is more stable and worth than the USD.
  • #166,673
  • Nov 28, 2009 8:10am Nov 28, 2009 8:10am
Quoting lloydblankfe
probably in Asia, Brazil, Africa, they are getting less bureaucratic whereas Europe and America unfortunately not.

Brilliant.....

Not only do you make a sweeping generalisation about a huge continent, you also fail to pick up on the fact that this vast swathe of land contains the most undemocratic and sometimes brutal regimes and dictatorships in the whole world.

How's that for "less bureaucratic"?
  • #166,674
  • Nov 28, 2009 8:11am Nov 28, 2009 8:11am
Quoting lloydblankfe
xaron you think you are clever, your not and will have your smirk wiped of your face, that deficit i don't know what it refers to i assume its government debt.

http://en.wikipedia.org/wiki/List_of..._external_debt

This is from 2008 where it shows German external debt at 4.5 trillion you are not clever do not try to bend facts.Yes the debt is above 100 percent of gdp and is so for most European countries.

The truth always hurts.
Germany is a net creditor nation. The external debt you mention merely picks up on the foreign liabilities' section of the country's balance sheet. It fails to consider the asset side of the equation.
  • #166,675
  • Nov 28, 2009 8:15am Nov 28, 2009 8:15am
with respect to all you guys, i dont give a **^%^ about all this subject, i just look at the charts... i dont know where you going with this discussion
When life gives you lemons, make lemonade
  • #166,676
  • Nov 28, 2009 8:16am Nov 28, 2009 8:16am
Quoting micho
with respect to all you guys, i dont give a **^%^ about all this subject, i just look at the charts... i dont know where you going with this discussion
It's the weekend, Micho. I'm just responding to a clown, nothing more.
  • #166,677
  • Nov 28, 2009 8:18am Nov 28, 2009 8:18am
and by the way there are only two great nations on this globe, Germany and Japan although i am not a German nor a Japanese
When life gives you lemons, make lemonade
  • #166,678
  • Nov 28, 2009 8:18am Nov 28, 2009 8:18am
the spectre of terrorism has hit Russia.

----> asset sell-off on market opening. Gold and EU will fall hard and fast.
TRADE FOR SWAP
  • #166,679
  • Nov 28, 2009 8:19am Nov 28, 2009 8:19am
Quoting micho
and by the way there are only two great nations on this globe, Germany and Japan although i am not a German nor a Japanese
Don't forget Austria!
  • #166,680
  • Nov 28, 2009 8:20am Nov 28, 2009 8:20am
Quoting cgldsmth
the spectre of terrorism has hit Russia.

----> asset sell-off on market opening. Gold and EU will fall hard and fast.
Because of a bomb in Russia? Uh oh...
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