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Cesarnc's market talk, gossips, rumours & fun

  • #19,581
  • Apr 17, 2010 6:21am Apr 17, 2010 6:21am
Quoting cesarnc
What you mean by "pulling the plug on the Euro" ?
Only thing I can find on that....

http://www.dailymail.co.uk/news/worl...ce-crisis.html

Have a good weekend.
  • #19,582
  • Apr 17, 2010 10:32am Apr 17, 2010 10:32am
Quoting cesarnc
What you mean by "pulling the plug on the Euro" ?
There has been chatter about this for years. My European friends think it could happen. But, it would be very impractical. Just like the old days - travel to Europe, French Francs in my pocket, German Marks in the car door pocket, Swiss Francs in the glove compartment, Italian Lira....now where did I put those?

  • #19,583
  • Apr 17, 2010 11:26am Apr 17, 2010 11:26am
it's not gonna be as easy as germans would like it to be. they are soooo wrong if they imagine they would be allowed to jump off this train... EU is a one-way road, just like the old USSR was.
as for italian lira, check the trunk. you must have still have that extra bag with a couple of millions needed for a snack...

Quoting TradeWell
There has been chatter about this for years. My European friends think it could happen. But, it would be very impractical. Just like the old days - travel to Europe, French Francs in my pocket, German Marks in the car door pocket, Swiss Francs in the glove compartment, Italian Lira....now where did I put those?

Nihil Sine Deo.
  • #19,584
  • Apr 17, 2010 2:00pm Apr 17, 2010 2:00pm
i know that tradewell. i was just pointing out that the states want something obama cannot control so when they give him the finger he can't do much about it.
  • #19,585
  • Apr 17, 2010 2:03pm Apr 17, 2010 2:03pm
there has been chatter about a couple of countries pulling from the euro the past few years, not all of them. the ones who want to leave are the ones with the best chance of making it on their own, like germany and the eastern european countries. they really do not like the french domination and the whole socialist thing. most would stay though, at least that is what i have heard.
  • #19,586
  • Apr 17, 2010 4:03pm Apr 17, 2010 4:03pm
Quoting mtrmth
there has been chatter about a couple of countries pulling from the euro the past few years, not all of them. the ones who want to leave are the ones with the best chance of making it on their own, like germany and the eastern european countries. they really do not like the french domination and the whole socialist thing. most would stay though, at least that is what i have heard.
Got it...

I don't see that it could happen without some sort of catastrophy first...
  • #19,587
  • Apr 18, 2010 6:43pm Apr 18, 2010 6:43pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting cesarnc
Got it...

I don't see that it could happen without some sort of catastrophy first...

Catastrophy - Greece borrows money from the Euro states, Euro union rules are broken, german officials take legal action, Euro found guilty for breach of own rules......whats the punishment, euro goes to jail for 2 years for fraud??

Germany is the only country threatening the legal action, they want out, euro sinks to 0.500 after lending greece money and legal action, world won't buy into euro anymore - germany now has edge to leave, as people still want there products and they take with them some of the orginal 9 euro states that don't approve of the "lets build the biggest signal state in the world by allowing all the weak and broken countries to come in and spend our money policies" new currency now formed GBDM - great british DeutscheMark

No don't think it could ever happen either.

the reality is that gremany doesn't want to lend greece money, so by throwing out this rumour the euro will crash, most likely making greeces money issues far cheaper to deal with, it gets fixed, euro rises, may take a year or 2 but policy makers don't care about dates only numbers.

and thats way to much BS for monday morning, good trading to all this week my friends
  • #19,588
  • Apr 19, 2010 6:21am Apr 19, 2010 6:21am
Quoting MPP
Catastrophy - Greece borrows money from the Euro states, Euro union rules are broken, german officials take legal action, Euro found guilty for breach of own rules......whats the punishment, euro goes to jail for 2 years for fraud??
(...)

and thats way to much BS for monday morning, good trading to all this week my friends
Well, Euro is already posting its 5th consecutive monthly bearish candle. All the way from 1.51 to 1.34.

And could extend to 1.29...
  • #19,589
  • Apr 19, 2010 8:12am Apr 19, 2010 8:12am
Quoting cesarnc
Well, Euro is already posting its 5th consecutive monthly bearish candle. All the way from 1.51 to 1.34.

And could extend to 1.29...
I agree. In fact it could go all the way to 1.00. It was at that level in 2003.

The big problem is weak government. I don't mean higher taxes, I just mean central government has to get a grip and explain to people what's happening and what's going to happen. To hear of strikes and rioting in Greece is disappointing to say the least. We know how these ideas can spread.

The biggest problem the EU has, is a lack of federal government power to enforce national budgets. Until that is made a condition of membership then this can happen again. There should be emergency meetings going on now until it's thrashed out. It's not just the fault of Greece or any single member nation. The failure of certain countries, notably the UK, to join wholeheartedly in the EU and what it stands for is not helpful. After 2 World Wars starting in Europe...
Gone to a better place
  • #19,590
  • Apr 19, 2010 8:32am Apr 19, 2010 8:32am
i think you opened the can of worms on this discussion. the EU was designed to break down barriers between the european countries with regards to trade and govt regulations. kinda what nafta did here in the states. the issue of greece has nothing to do with the uk not joining, it has to do with how the countries are run. the govt does not run these countries, the public unions do, they want everything handed to them just for showing up for work, but they don't want to pay for it, they want the rich to. since most of the people work for unions, there was not enough coming in to pay for all the benefits theywanted, now the govt's can't pay.

i know it is more involved than that, but that is the basic idea. the uk didn't join in the eu cuz they decided that the u.s. model was better than the french model. they are not there yet, but soon will be. germany is heading that way, as are the eastern euro countries. alot of states here are now seeing the issues of lavish pensions and retiree health care benefits, and are having to make the tough choices. i see alot of states declaring bankruptcies to get ahold of the costs and do what is right for the taxpayer. the unions won't like it, but it has to happen.
  • #19,591
  • Apr 19, 2010 8:54am Apr 19, 2010 8:54am
I don't think there is anything you've said there that I disagree with, mtrmth, and that makes a change. Not that I would ever fall out with you over an issue.
Gone to a better place
  • #19,592
  • Apr 19, 2010 9:53am Apr 19, 2010 9:53am
Citigroup

The No. 3 bank provided more evidence that the nation's big banks may have turned a corner, reporting a surprise first-quarter profit Monday as trading revenue offset losses from failed loans.
  • #19,593
  • Apr 20, 2010 3:06am Apr 20, 2010 3:06am
In an hour it's the Zentrum fur Europaische Wirtschaftsforschung This should tell us if Germany has caught the bracerot that has been afflicting the rest of us.
Gone to a better place
  • #19,594
  • Apr 20, 2010 3:25am Apr 20, 2010 3:25am
Not many people have been using Liverpool's water taxis - they need more publicity - invented by
Lambert Kamps:


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Gone to a better place
  • #19,595
  • Apr 20, 2010 9:58am Apr 20, 2010 9:58am
Quoting smikester
Not many people have been using Liverpool's water taxis - they need more publicity - invented by
Lambert Kamps:
LOL....

They are making a killing with the volcano problem
  • #19,596
  • Apr 20, 2010 10:00am Apr 20, 2010 10:00am
Quoting smikester
Not many people have been using Liverpool's water taxis - they need more publicity - invented by
Lambert Kamps:


Attachment
  • #19,597
  • Apr 21, 2010 3:12pm Apr 21, 2010 3:12pm
Medical marijuana dispensaries are springing up in Colorado's major cities like coffee shops, nail parlors, tanning salons or taco shops.

"medical" they say. Yeah right
  • #19,598
  • Edited 5:44am Apr 22, 2010 5:44am | Edited 5:44am
Quoting cesarnc
Medical marijuana dispensaries are springing up in Colorado's major cities like coffee shops, nail parlors, tanning salons or taco shops.

"medical" they say. Yeah right

http://growabrain.typepad.com/growab.../big_joint.jpg

She swears to god it's for her glaucoma
  • #19,599
  • Apr 22, 2010 9:29am Apr 22, 2010 9:29am
Quoting Evilgoat

She swears to god it's for her glaucoma


Well, I'm gonna get myself an ingrown nail and send my application
  • #19,600
  • Apr 22, 2010 9:29am Apr 22, 2010 9:29am
It's a bye-bye-euro day....
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