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  • #296,401
  • Sep 26, 2010 5:33pm Sep 26, 2010 5:33pm
Quoting Pitt Bull
EUR/US$

and on my yearly 3 month winter vacation in florida, when I come
with my pockets full of EURīs

thatīs enoughe to see for me...

PittBull

ok, well you keep saying that the usd is no longer the world currency reserve. Maybe you should back up your claim with some evidence? It wouldn't hurt to brush up on your economics and have a look at us treasury yields, then you will see the answer
  • #296,402
  • Sep 26, 2010 5:35pm Sep 26, 2010 5:35pm
Quoting mfoste1
ok, well you keep saying that the usd is no longer the world currency reserve. Maybe you should back up your claim with some evidence? It wouldn't hurt to brush up on your economics and have a look at us treasury yields, then you will see the answer
US Bonds = bubble in search of a pin... giant Ponzi Scheme... This US dollar is in danger
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #296,403
  • Sep 26, 2010 5:36pm Sep 26, 2010 5:36pm
Plenty of Euro to go above 1.3500 .It may cap Asia for the day.
BOJ could be lurking today.
Fun and games
  • #296,404
  • Sep 26, 2010 5:40pm Sep 26, 2010 5:40pm
Quoting Bootleger
US Bonds = bubble in search of a pin... giant Ponzi Scheme... This US dollar is in danger

here look at yield curves for the past month.....this is a signal, if you don't understand it just ask me.

yields completely negate what you are saying



http://www.ustreas.gov/offices/domes...al_yield.shtml
  • #296,405
  • Sep 26, 2010 5:43pm Sep 26, 2010 5:43pm
Quoting mfoste1
here look at yield curves for the past month.....this is a signal, if you don't understand it just ask me.



http://www.ustreas.gov/offices/domes...al_yield.shtml

i don't understand this... if you could explain i would be grateful.. thanks
  • #296,406
  • Sep 26, 2010 5:44pm Sep 26, 2010 5:44pm
ok assume for a minute that you're right, the USD ISNT the reserve currency...

So, what is the reserve currency then?
  • #296,407
  • Sep 26, 2010 5:45pm Sep 26, 2010 5:45pm
Quoting mfoste1
ok, well you keep saying that the usd is no longer the world currency reserve. Maybe you should back up your claim with some evidence? It wouldn't hurt to brush up on your economics and have a look at us treasury yields, then you will see the answer
this is just an intelectuell one:
In the recent decade, the US has used (and perhaps abused) the privileges that its reserve currency status has conveyed to the host country.

Americans have outspent their national income by an accumulated 47.3% of GDP since 2000, depressing US treasury rates until 2005 up to 130 basis points as the world (mostly Asia) reinvested the corresponding surpluses mostly in US treasury bills (Warnock & Warnock, 2006)

Today, the US is in a net debtor position similar to Britain after the WWI, with China being the world’s largest creditor. In PPP terms at least, Angus Maddison predicts that China will surpass the US by 2015; China is on its way to becoming the world largest exporter. So these historic parallels might imply a switch in the reserve currency by the mid-21st century.

I prefer the "commen sense"

PittBull
  • #296,408
  • Sep 26, 2010 5:45pm Sep 26, 2010 5:45pm
Quoting Bootleger
US Bonds = bubble in search of a pin... giant Ponzi Scheme... This US dollar is in danger
Dude, I put you on my iggy list the other week and recently took you off hoping that maybe you changed your ways towards contributing rather than blathering. Your points rarely make sound technical or fundamental sense.

Seriously, you are one of the most annoying posters on here. You're probably a nice guy. I do like to hear different points of view whether I agree, disagree, or somewhere inbetween. Please be a little more helpful towards understandinding why you hold your point of view rather than just barfing.
Maybe I'm the only one that feels this way. You are back on my iggy...I've already wasted enough time.
  • #296,409
  • Sep 26, 2010 5:47pm Sep 26, 2010 5:47pm
Quoting Buai
ok assume for a minute that you're right, the USD ISNT the reserve currency...

So, what is the reserve currency then?
the europeans are to stupid to take advanteg of the weake US$, china needs some more years,,,but maybe you take a look at gold price (unfortenly)

PittBull
  • #296,410
  • Sep 26, 2010 5:48pm Sep 26, 2010 5:48pm
[quote=forexstrah;4049758]
Quoting chonchy
best thing to do in this scenarios is to be on the side lines and follow the market or the money where ever he goes, if you have a position open hedge it or put a stop on it because the crash is coming, is in the air.......

So you see the euro falling back too??


Or are you also referring to stocks?

I know everyone was talking about the Hindenburg Omen during August. Pretty interesting theory.
Well, if you ask me i see all currencys falling, wish is the plan from our money lenders, the question is to find out wish is falling harder, and wish one is falling less, see if the goverment keep devaluating our currency (dollar) then you keep loosing your houses and the banks can't keep up with the looses then the goverment nationalize this banks and keep all the foreclosures, then if the dollar have no value and the goverment have all the propertys, then a new north american currency will come in place after the goverment have all the goodies, so they all won, but you should realy trade your chart, and not listen to my conspiracy theories
The Chonchy
  • #296,411
  • Sep 26, 2010 5:50pm Sep 26, 2010 5:50pm
Quoting jaylovin
i don't understand this... if you could explain i would be grateful.. thanks

ok, when investors want almost no default risk in an investment, they purchase us treasuries. Now along with no default risk, comes hardly any return, hence the extremely low yield rates. This means that the US government is most likely to make good on their bonds. They internally buy and sell treasuries and use the "money multiplier" to create currency.

Let's compare US bonds with say irish bonds......us bond yield rate on a 10yr treasury something like 1%, in contrast with irish bond which has something like a 12% yield. Why? because those irish bonds are a very risky investment due to the default risk. If a country defaults on bonds? their currency becomes worthless.
  • #296,412
  • Sep 26, 2010 5:51pm Sep 26, 2010 5:51pm
[quote=chonchy;4049794]
Quoting forexstrah

Well, if you ask me i see all currencys falling, wish is the plan from our money lenders, the question is to find out wish is falling harder, and wish one is falling less, see if the goverment keep devaluating our currency (dollar) then you keep loosing your houses and the banks can't keep up with the looses then the goverment nationalize this banks and keep all the foreclosures, then if the dollar have no value and the goverment have all the propertys, then a new north american currency will come in place after the...
I love conspiracy theories!!
  • #296,413
  • Sep 26, 2010 5:51pm Sep 26, 2010 5:51pm
but as you know, we have the "oktoberfest" in munich at the moment and beer is floating out of avery tab

happy trading!

PittBull
  • #296,414
  • Sep 26, 2010 5:53pm Sep 26, 2010 5:53pm
Quoting Redeemed1
Dude, I put you on my iggy list the other week and recently took you off hoping that maybe you changed your ways towards contributing rather than blathering. Your points rarely make sound technical or fundamental sense.

Seriously, you are one of the most annoying posters on here. You're probably a nice guy. I do like to hear different points of view whether I agree, disagree, or somewhere inbetween. Please be a little more helpful towards understanding why you hold your point of view rather than just barfing.
Maybe I'm the only one that feels...
Well, that's life. Just don't read me and everything is fine...

What was bad with what I said ? ... who is really willing to lend money to the US government for 5-10-20-30 years when the debt is doubling every couple of years.

You can get out of the debt by creating money or borrow more money to pay out your debts. This is a giant Ponzi scheme... you hope a foolish one to be buying yours... and you borrow to pay your last borrowing.

Inflation and printing money are going to wipe out the middle class and those not investing in real assets
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #296,415
  • Sep 26, 2010 5:57pm Sep 26, 2010 5:57pm
Morning all.

Have a very good trading week.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #296,416
  • Sep 26, 2010 5:59pm Sep 26, 2010 5:59pm
[quote=chonchy;4049794]
Quoting forexstrah

Well, if you ask me i see all currencys falling, wish is the plan from our money lenders, the question is to find out wish is falling harder, and wish one is falling less, see if the goverment keep devaluating our currency (dollar) then you keep loosing your houses and the banks can't keep up with the looses then the goverment nationalize this banks and keep all the foreclosures, then if the dollar have no value and the goverment have all the propertys, then a new north american currency will come in place after the...
If the US dollar keeps falling, then expect foreign buyers to come in and have a slice.
Las vegas has stopped construction over several major projects.
One casino was $8 billion to build partially completed.. Now for sale at $2 billion. Its take over time..but not yet..
  • #296,417
  • Sep 26, 2010 6:03pm Sep 26, 2010 6:03pm
Quoting Pitt Bull
the europeans are to stupid to take advanteg of the weake US$, china needs some more years,,,but maybe you take a look at gold price (unfortenly)

PittBull
Actually, I think Europeans are quite a clever lots mostly. Their problem is that they just don't have the balls like Americans or patience and long term wisdom like Chinese.

Nice n colorful guys... I like it.
  • #296,418
  • Sep 26, 2010 6:07pm Sep 26, 2010 6:07pm
Quoting Pitt Bull
the europeans are to stupid to take advanteg of the weake US$, china needs some more years,,,but maybe you take a look at gold price (unfortenly)

PittBull
For example, Turkish people (im turkish) dont want to weak USD. because, its caused unemployement and less export income in Turkey. I think, europans have same stuation.
  • #296,419
  • Sep 26, 2010 6:09pm Sep 26, 2010 6:09pm
Quoting Pitt Bull
but as you know, we have the "oktoberfest" in munich at the moment and beer is floating out of avery tab

happy trading!

PittBull
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The Chonchy
  • #296,420
  • Sep 26, 2010 6:10pm Sep 26, 2010 6:10pm
After the EURO's 800 pip run, I think will see a pullback this week, there is still alot of problems in the Euro union, it went to fast, it will come back to reality
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