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  • #240,301
  • May 11, 2010 7:27am May 11, 2010 7:27am
Quoting RichLadyFX
If what happens now becaus of Greece, what will be the future hold if Spain, Ireland, Italy, Portugal etc does a Greece?
Some people have said that the whole Eurozone could become nationalized but that means transfering money from the north to the south and we know that Germany apparently does not want to do that. I heard on Bloomberg that the tough decisons that Europe could make are not ones they want to make for political reasons. So, they may not do them. Of course, I think maybe at the last minute when Europe is about to crack, they may come out with radical solutions like taking over the finances of countries like Portugal, Italy, Ireland, Greece and Spain.
  • #240,302
  • May 11, 2010 7:27am May 11, 2010 7:27am
Quoting Icannaesee
No the package was to save the markets, not the Euro.
Oh please. Saving the Euro was one of it's PRIMARY objectives.
  • #240,303
  • May 11, 2010 7:28am May 11, 2010 7:28am
Quoting Martingale
this is what keeps me up at night.. I am from Spain and I have no idea on where to put my money now
Gold, lol!
  • #240,304
  • May 11, 2010 7:30am May 11, 2010 7:30am
Quoting clambill
Really? I thought they said they would defend the euro.
Exactly. They did say that.
  • #240,305
  • May 11, 2010 7:37am May 11, 2010 7:37am
Quoting RichLadyFX
If what happens now becaus of Greece, what will be the future hold if Spain, Ireland, Italy, Portugal etc does a Greece?
"By comparison, the EU's total debt-to-GDP ratio is 258.2%, while it's 242.2% for the U.S. and 243.8% for Greece, according to ISI.

(Greek consumers are relatively frugal, with household debt equal to just 61% of GDP, compared the

American household debt of 95.7% of GDP.)"

Who is who?

http://online.barrons.com/article/SB...497144099.html
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #240,306
  • May 11, 2010 7:41am May 11, 2010 7:41am
Rick Santelli is losing it on CNBC, he is right, but barking at politicanos doesn't get you far
Prices oscillate, trends persist. Trend is your friend.
  • #240,307
  • May 11, 2010 7:43am May 11, 2010 7:43am
http://en.wikipedia.org/wiki/List_of..._external_debt
  • #240,308
  • May 11, 2010 7:43am May 11, 2010 7:43am
Well

I am looking for a close below 2663 in this new 4H candle. If not then next candle has 2643 as significant number to close below.

As usual first target for price 2580. Then watching for a close below it on 4H and then daily.
  • #240,309
  • May 11, 2010 7:44am May 11, 2010 7:44am
Quoting SkyzerFX
"By comparison, the EU's total debt-to-GDP ratio is 258.2%, while it's 242.2% for the U.S. and 243.8% for Greece, according to ISI.

(Greek consumers are relatively frugal, with household debt equal to just 61% of GDP, compared the

American household debt of 95.7% of GDP.)"

Who is who?

http://online.barrons.com/article/SB...497144099.html
Technical signals have to align with fundamentals. In case of USD technicals are bullish whereas fundamentals are obviously bearish. You do need 2 to match, otherwise you will be selling when price is climbing and taking heat unnecessarily.
Prices oscillate, trends persist. Trend is your friend.
  • #240,310
  • May 11, 2010 7:44am May 11, 2010 7:44am
Maybe Sterling should be combined with Euro. Forgive my limited knowledge, Britain is part of the so called Europe?
Great Bodies are Engineered not Born
  • #240,311
  • May 11, 2010 7:46am May 11, 2010 7:46am
Quoting RichLadyFX
Maybe Sterling should be combined with Euro. Forgive my limited knowledge, Britain is part of the so called Europe?
yes
  • #240,312
  • May 11, 2010 7:47am May 11, 2010 7:47am
we have the retrace, now it shoud go back down to 1.2660
  • #240,313
  • May 11, 2010 7:49am May 11, 2010 7:49am
  •  crmcwi
  • | Joined Mar 2010 | Status: Entrepreneur, Programmer, Analyst | 35 Posts
Quoting jsspmk
Rick Santelli is losing it on CNBC, he is right, but barking at politicanos doesn't get you far

Sure was fun to watch though. And cathartic. Just lost a few pips trying to play the bounce off 2709 from about 20" ago. figured we'd go back down to that m5 triangle several here have mentioned.
  • #240,314
  • May 11, 2010 7:51am May 11, 2010 7:51am
Quoting RichLadyFX
Maybe Sterling should be combined with Euro. Forgive my limited knowledge, Britain is part of the so called Europe?
What do you mean "should"? We are part of the EU, yet it is a choice whether to be or not to be in the currency union. It's not better for us to be part of Euro, because we would lose monetary rights for starters. Look, there shouldn't have even been a bailout, how dare they pressure UK to help bail them out, when they are breaking their own laws?!!
Prices oscillate, trends persist. Trend is your friend.
  • #240,315
  • May 11, 2010 7:53am May 11, 2010 7:53am
Quoting hyperion1980
So, Why are you linking a health care system with socialisme?
Public healthcare subsidised by the wealthier citizens of that country? Yes, that is socialist.

Quoting Martingale
this is what keeps me up at night.. I am from Spain and I have no idea on where to put my money now
In a brokerage account, shorting the Euro. The relative gains are greater if you're European.
  • #240,316
  • Edited 7:56am May 11, 2010 7:53am | Edited 7:56am
Quoting RichLadyFX
Maybe Sterling should be combined with Euro. Forgive my limited knowledge, Britain is part of the so called Europe?
The most intelligent decision of UK was to keep to their currency.

I still dont understand how in the world do you manage finances of a Euro-zone without any political power? Every business man knows autonomy is well and good but if things go wrong, One person/part should have enough power to be able to cut the loss or make changes.

Here we have a bunch of financial people, a lot of politicians, and a culturally diverse people, trying to work together without anyone having clear powers. The politicians can blame each other, the financial people can blame "global slowdown", no power to take final decisions because hey its the politicians who will need to implement them.


All in all, its a never ending merry go-round with entropy at work.

The author of this post is a friend. Very little financial understanding but his logic surprised me because I tend to agree with it.
  • #240,317
  • May 11, 2010 7:56am May 11, 2010 7:56am
Quoting Mr J
Public healthcare subsidised by the wealthier citizens of that country? Yes, that is socialist.



In a brokerage account, shorting the Euro. The relative gains are greater if you're European.
which socialist countries use this approach to healthcare? none
btw relative gains are the same,
  • #240,318
  • May 11, 2010 8:02am May 11, 2010 8:02am
Quoting jsspmk
What do you mean "should"? We are part of the EU, yet it is a choice whether to be or not to be in the currency union. It's not better for us to be part of Euro, because we would lose monetary rights for starters. Look, there shouldn't have even been a bailout, how dare they pressure UK to help bail them out, when they are breaking their own laws?!!
Is the pressure that make pound goes lower?
Great Bodies are Engineered not Born
  • #240,319
  • May 11, 2010 8:06am May 11, 2010 8:06am
Quoting RichLadyFX
Is the pressure that make pound goes lower?

No. We have no government, yet. We have a huge deficit problem. So fundamentally GBP is bearish, technicals confirm fundamentals. But markets are waiting on election results. If Concervatives win, they are expected to introduce massive cuts to spending, so GBP may bounce on news, if Labour get in GBP is expected to tank.
Prices oscillate, trends persist. Trend is your friend.
  • #240,320
  • May 11, 2010 8:06am May 11, 2010 8:06am
Quoting alex.fx
which socialist countries use this approach to healthcare? none
btw relative gains are the same,
What? How can a socialist country use it when it requires relatively capitalistic markets? Like I said, public healthcare is subsided mainly by the rich and upper-middle class. It's a socialist setup applied to a capitalist system. Most of the West is semi-socialist nowdays.

No the relative gains are not the same, which is why I stated they were relative. If my country's market crashes and I've shorted it, my gain relative to my community is much greater than a foreigner would experience among their own community.
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