Position trader - Anything intraweek is just noise...
- #9,322
- Jun 22, 2010 1:00pm Jun 22, 2010 1:00pm
- | Joined Apr 2009 | Status: temporarily correct | 1,757 Posts
- #9,327
- Jun 22, 2010 3:38pm Jun 22, 2010 3:38pm
- | Joined Apr 2010 | Status: The Admirable Cretin | 404 Posts
There is also the idea of a lack of stimulus might slow the economy down, thus bringing the currency down a bit.
Lo siento, a veces necesito decir tonterias para hacerme feliz.
Position trader - Anything intraweek is just noise...
- #9,330
- Jun 22, 2010 4:52pm Jun 22, 2010 4:52pm
- | Joined Apr 2009 | Status: temporarily correct | 1,757 Posts
- #9,334
- Jun 22, 2010 7:02pm Jun 22, 2010 7:02pm
I think Gordon Brown and the Labour Party had a good point ....... portion of society (apparently there's no such thing, no wonder...).
As an expat moving to the UK after a generation away it's a worry to also see how healthy the sense of self entitlement is within the welfare class in the UK. So many years of poor management and labour gov ignoring real societal issues has created a genuine lost generation here of young people with no family structure, no education, no role models and no hope. It's a travesty.
Unfortunately these people who have been cheated by the poor management of their forefathers are also the ones who will bear the brunt of these cuts longer term. It is such a sad situation, how the mighty fall and at the hand of a crooked few. Makes me feel ill. Can someone say, social unrest?
I am sure waiting to see what unfolds over this summer period. I have been a big believer that the US gov will fold to the "further stimulus" mindset which is the exact opposite that they need to do. Chris is spot on about a bounce, I mean further stimulus could see us hit 12000 in the DOW, look at what happened last time right ?
The markets should see this error much faster this time though and that coming "pop" in the market will be well and truly out of steam by year end.
I guess this can be translated into, I am currently on the side lines
- #9,335
- Jun 22, 2010 8:03pm Jun 22, 2010 8:03pm
- | Joined Apr 2010 | Status: The Admirable Cretin | 404 Posts
It's a dog's breakfast mate
As an expat moving to the UK after a generation away it's a worry to also see how healthy the sense of self entitlement is within the welfare class in the UK. So many years of poor management and labour gov ignoring real societal issues has created a genuine lost generation here of young people with no family structure, no education, no role models and no hope. It's a travesty.
Unfortunately these people who have been cheated by the poor management of their forefathers are also the ones who will bear the brunt...
I really am truly sorry for all the poor people who will be affected by this government but unfortunately I have my own problems...
My work is fairly secure so I'm ok (jack) and other than that I have been conciously taking a few quid out of my trading account recently for fun stuff with my wife (like tennis and swimming), isn't that what it's for?
Baila baila conmigo!
Position trader - Anything intraweek is just noise...
- #9,338
- Jun 22, 2010 8:56pm Jun 22, 2010 8:56pm
- Joined Oct 2007 | Status: Trader | 1,381 Posts
It's a dog's breakfast mate
As an expat moving to the UK after a generation away it's a worry to also see how healthy the sense of self entitlement is within the welfare class in the UK. So many years of poor management and labour gov ignoring real societal issues has created a genuine lost generation here of young people with no family structure, no education, no role models and no hope. It's a travesty.
Unfortunately these people who have been cheated by the poor management of their forefathers are also the ones who will bear the brunt...
It is sad, but I don't know if any democracy can last. Only a certain % of people are smart enough/experienced enough and also has the guts to make the tough decisions for how a country must be run.
What is amazing, is we are watching Europe go under. Socialism has failed again. And the average idiot in the US seems to want to vote socialism into the USA, because they can "get stuff for free".
It sure as hell isn't free.