It's by design V. We are banging our heads about all the wrong things.
- #512,721
- Aug 5, 2011 8:59pm Aug 5, 2011 8:59pm
- | Membership Revoked | Joined Mar 2009 | 16,693 Posts
- #512,722
- Aug 5, 2011 9:03pm Aug 5, 2011 9:03pm
- Joined Dec 2009 | Status: Trader | 3,156 Posts
You make a good point but then again this is coming from a country that basicaly got bailed out by....you fill in the blanks.
Hopefully this will cause the U.S. from stop trying to be the worlds policeman and countries like the Netherlands to be specific and Europe in general will start living up to their duty to keep their part of the world from fucking with our part of the world.
I would not hold my breath on that one.
I hope this will cause the U.S. to send every troop home and let Europe deal with it. I wonder what will happen to the...
Doesn't happen Russia China Japan bassically Assia already stepping day by day further away from the dollar. The euro has even more shit over it as it has before. but whe still around the 1.40s. Europe doesnt need the us whe dont have that much enemies the us does.
Support for Europe and the EUR comes from every country, while support for the US and the USD in particular is evaporating. China continues to show displeasure at the US fiscal position and actions, now fully expecting an announcement of further quantitative easing measures. Russia believes the US is floundering in its leadership, while the Brazilian government is troubled by the 'melting USD'. In Japan Noda acknowledges the strength of the JPY is not a result of Japanese strength but rather USD weakness.
Asian Central Banks continued to sell the USD. While in periods of calm they buy the USD against their own currency in order to smooth their own currency appreciation, only to sell those USD and buy EUR, GBP, AUD, CAD and JPY; in periods of volatility, they are happy to sell the USD directly against their own currency
Whe are not entering into a similar scenario now as we did on 2008, when global uncertainty led to USD strength. This time is different. USD strength in 2008 came as a result of China re-pegging the CNY to the USD. When they re-pegged they switched from global USD sellers, to USD buyers. In addition, the US balance sheet looked remarkably different in 2008 compared to today. The investor who is buying the USD as a flight to quality trade today is betting on the Federal Reserve not entertaining QE3.
The EUR seller today is betting that the EFSF will fail in its support function for Europe. The EFSF, though taking time to come into operation, will be very effective when it goes live. As the EU's Rehn stated earlier today, they are 'working night and day to put flesh on the bones of the EFSF pac.
Asian countries need stronger currencies to combat rising inflation. ahigher S.Korean currency would help curb inflation. Globally finance ministers are resigned to a weaker USD and stronger currencies.
Especially the Netherlands my friend (farmland) tallest people in the world not fatest people like the us.
Not so scared about the netherlands and will never be but as a US citizen i would be eventually
Dont say the euro is good all fiat currencies are shit basically 20 years they survive the system need eventually a reboot but thats a little bit farther away from now.
In mine opinion.
Will see what Tha bernanke is gonna tell this week.
Inserted Video
- #512,723
- Aug 5, 2011 9:11pm Aug 5, 2011 9:11pm
- Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts
New voice message: Why are you calling me? If I need you, I'll call you!
- #512,726
- Aug 5, 2011 9:19pm Aug 5, 2011 9:19pm
- Joined Dec 2009 | Status: Trader | 3,156 Posts
No, it is all about jobs. When the jobs picture turns around, which it will, there are some Pairs out there I want to be Long with.
China?
Has a lower standard of living than Jamaica and still practices slavery.
When the employment and R.E, turns around in the U.S., which it will, the world needs to look out.
In the meantime here are the short term solutions:
1.Call all U.S. military home excluding Korea.
2. Leave NATO, Europe is fully capable of defending itself without U.S. subsidies which we can no longer afford. The free ride...
go smoke 1 more i am out
- #512,728
- Aug 5, 2011 9:22pm Aug 5, 2011 9:22pm
- | Membership Revoked | Joined Aug 2010 | 1,300 Posts
- #512,729
- Aug 5, 2011 9:27pm Aug 5, 2011 9:27pm
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
Should also be noted that its been...Downgraded to AA+, Outlook Negative.
- #512,730
- Aug 5, 2011 9:36pm Aug 5, 2011 9:36pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
i guess this means bye bye s&p? think it's a great news.
seems odd that when usd gain markets crash..maybe a collapse is a good thing...lol
what the hell is going on!!
- #512,732
- Aug 5, 2011 9:44pm Aug 5, 2011 9:44pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
I think the Euro will cease to be within 5 years.
- #512,733
- Aug 5, 2011 9:50pm Aug 5, 2011 9:50pm
- Joined May 2008 | Status: Voodoo Lotions & Potions | 26,565 Posts
i guess this means bye bye s&p? think it's a great news.
- #512,734
- Aug 5, 2011 9:51pm Aug 5, 2011 9:51pm
- Joined Jul 2010 | Status: Weebley Wobbly Timey Wimey stuff | 10,604 Posts
- #512,735
- Aug 5, 2011 9:58pm Aug 5, 2011 9:58pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Just try and focus on trading the charts mate. All this crap that is going on can make any man confused about his positions.
Rarely do the markets move logically on media anyways.
there to much madness..
thx bud..good advice
- #512,736
- Aug 5, 2011 10:07pm Aug 5, 2011 10:07pm
- Joined May 2008 | Status: Voodoo Lotions & Potions | 26,565 Posts
that is true..will look at charts in detail tomorrow
there to much madness..
Glad I'm flat, though!
- #512,739
- Aug 5, 2011 10:17pm Aug 5, 2011 10:17pm
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
u reckon cable and euro will fly now or will USD gain short term u reckon?..im out of my depth on this..i have friggin idea at all
seems odd that when usd gain markets crash..maybe a collapse is a good thing...lol
what the hell is going on!!
- #512,740
- Aug 5, 2011 10:22pm Aug 5, 2011 10:22pm
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
I think it will be a non-event. S&P made a 2 trillion mistake, further less credibility by S&P. S&P acknowledges the mistake, just did on CNN, but decided to stick with their decision to downgrade.