Entered a short at 1.4430 based on s/r and divergence in MFI.
- #452,783
- May 31, 2011 7:48pm May 31, 2011 7:48pm
- Joined Oct 2008 | Status: sideline is a position | 105,124 Posts
those who can, do. those who cant, talk about those who can
- #452,786
- May 31, 2011 8:01pm May 31, 2011 8:01pm
- Joined Oct 2008 | Status: sideline is a position | 105,124 Posts
those who can, do. those who cant, talk about those who can
- #452,789
- May 31, 2011 8:03pm May 31, 2011 8:03pm
Who can hold off on a default the longest?
Europe or USA?
Even with all the PIIGS combined their GDP is less than 2 trillion. Europe has approx. 16.5 T together (with non EU countries).
While US has California with $1.7 T GDP alone, and total GDP of approx. $15.8 T.
So whoever defaults first is worse off.
It is as though US & Europe at a kind of fiscal/ monetary WAR!
No wonder China just sits around (not listening to anyone), buying up stuff on their own schedule. Good chess this, as a third player. Let the current BIG boys fight it out, get wounded and beaten, then TAKEOVER!
This is awesome
Europe or USA?
Even with all the PIIGS combined their GDP is less than 2 trillion. Europe has approx. 16.5 T together (with non EU countries).
While US has California with $1.7 T GDP alone, and total GDP of approx. $15.8 T.
So whoever defaults first is worse off.
It is as though US & Europe at a kind of fiscal/ monetary WAR!
No wonder China just sits around (not listening to anyone), buying up stuff on their own schedule. Good chess this, as a third player. Let the current BIG boys fight it out, get wounded and beaten, then TAKEOVER!
This is awesome
- #452,791
- May 31, 2011 8:09pm May 31, 2011 8:09pm
- Joined Oct 2008 | Status: sideline is a position | 105,124 Posts
those who can, do. those who cant, talk about those who can
- #452,792
- May 31, 2011 8:10pm May 31, 2011 8:10pm
This D-day or V-day (depending on the side), may not be too far away.
Europe may only need to hold for another TWO months, and wait for US to hit political wall with 'debt limit' on 2 August.
So bailouts and all, go nuts to hold the system up for as long as needed. If the other group fails, its a win!
Or US approves 'new' limit and waits for Europe crisis to implode, and they win?
Confused? Well that also works in China' favour. Note to conquer, first confuse.
Europe may only need to hold for another TWO months, and wait for US to hit political wall with 'debt limit' on 2 August.
So bailouts and all, go nuts to hold the system up for as long as needed. If the other group fails, its a win!
Or US approves 'new' limit and waits for Europe crisis to implode, and they win?
Confused? Well that also works in China' favour. Note to conquer, first confuse.
Who can hold off on a default the longest?
Europe or USA?
Even with all the PIIGS combined their GDP is less than 2 trillion. Europe has approx. 16.5 T together (with non EU countries).
While US has California with $1.7 T GDP alone, and total GDP of approx. $15.8 T.
So whoever defaults first is worse off.
It is as though US & Europe at a kind of fiscal/ monetary WAR!
No wonder China just sits around (not listening to anyone), buying up stuff on their own schedule. Good chess this, as a third player. Let the current BIG boys fight...
- #452,794
- May 31, 2011 8:28pm May 31, 2011 8:28pm
- Joined Oct 2008 | Status: sideline is a position | 105,124 Posts
those who can, do. those who cant, talk about those who can
- #452,795
- May 31, 2011 8:36pm May 31, 2011 8:36pm
- | Commercial User | Joined Feb 2010 | 8,031 Posts
hi guys,
I closed the above trade at 1.4432 as it lost the momentum
awaiting for a retrace to 1.4392
pending order long at 1.4392 sl 1.4367 tp 1.4530
good luck
Founder of Sutherland Wave Principle
- #452,796
- May 31, 2011 8:39pm May 31, 2011 8:39pm
- Joined Oct 2008 | Status: sideline is a position | 105,124 Posts
those who can, do. those who cant, talk about those who can
- #452,797
- May 31, 2011 8:40pm May 31, 2011 8:40pm
- | Joined Apr 2011 | Status: Trader | 4,789 Posts
LMAO
meanwhile.. the hungry peasants storm the gate and overthrow the government.. put up a new flag.. pierce their nipples, wear baggy pants and listen to rap crap.
- #452,799
- May 31, 2011 8:50pm May 31, 2011 8:50pm
I really not know.
US perhaps is the stronger of the two. Certainly has the military infrastructure bar none. FED prints, USD remains relatively well (e.g. hasn't moved near or under 71 (index value) reached during 08' crisis, even with TRAP, QEI/ II, etc. US a net debtor. External debt still under 100% GDP (for now).
Europe' monetary system only allows limited 'excess printing' or bound by a modern 'gold standard'. Germany/ France, Finland, etc net creditors. EU debt under 85% of GPD, while EZ debt over 120% of GDP (2010 figures).
Which last longer?
US perhaps is the stronger of the two. Certainly has the military infrastructure bar none. FED prints, USD remains relatively well (e.g. hasn't moved near or under 71 (index value) reached during 08' crisis, even with TRAP, QEI/ II, etc. US a net debtor. External debt still under 100% GDP (for now).
Europe' monetary system only allows limited 'excess printing' or bound by a modern 'gold standard'. Germany/ France, Finland, etc net creditors. EU debt under 85% of GPD, while EZ debt over 120% of GDP (2010 figures).
Which last longer?
the u.s. found something (cyber attack).. and is gently but firmly telling china.. "if it happens again its their ass" since the u.s. considers it an "act of war".. all the nato family considers it an act of war.. and its all for one, one for all. that means debt canceled and trade 0
