http://www.gold-speculator.com/trade...ditto-hui.html
Snippet:
The cross currents remain ample - on the European front many traders fear that the ECB and the European leaders are not going to act quickly enough or with enough vigor to prevent their version of the Lehman Brothers meltdown from occuring. Whenever the news seems to favor more decisive action on their part, traders/investors are cheered and plunge into equities and commodities on the long side. Whenver the opposite is true, out go stocks and commodities and everything else that does not look like a US Treasury.
Long term such action on the part of the ECB is inflationary and will end up debauching the Euro in the same fashion that QE has done and will do to the US Dollar if and when it will be employed again over here. Short term none of these hedge funds gives a hoot about any of the long term ramifications. They will try to squeeze every nickel out of such an event if they can and leave the political and monetary leaders to fix what they are eventually going to destroy by this imbecility. Call me a simpleton but I believe human actions should carry implications whether those actions affect only individuals or even countries. Rewarding stupidity, greed and folly is a prescription for more, not less, of the decisions that led to such crises in the first place.
In the fading West, we have reached a point in our history where political leaders want all the benefits of capitalism but none of its drawbacks. Those drawbacks include allowing poor decisions to be met with failure. When the lessons that result from poor choices are painfully learned, those same choices and actions are generally avoided in the future. Not any more - no we can have all the gain without any pain thanks to this magical fairy-tale land created by monetary officials who seem to believe it is their God-ordained destiny to save men from themselves.
I hope this posts are informative while we wait for the markets to open on Sunday also waiting for news from Germany and France. These are fascinating times to trade in.
Snippet:
The cross currents remain ample - on the European front many traders fear that the ECB and the European leaders are not going to act quickly enough or with enough vigor to prevent their version of the Lehman Brothers meltdown from occuring. Whenever the news seems to favor more decisive action on their part, traders/investors are cheered and plunge into equities and commodities on the long side. Whenver the opposite is true, out go stocks and commodities and everything else that does not look like a US Treasury.
Long term such action on the part of the ECB is inflationary and will end up debauching the Euro in the same fashion that QE has done and will do to the US Dollar if and when it will be employed again over here. Short term none of these hedge funds gives a hoot about any of the long term ramifications. They will try to squeeze every nickel out of such an event if they can and leave the political and monetary leaders to fix what they are eventually going to destroy by this imbecility. Call me a simpleton but I believe human actions should carry implications whether those actions affect only individuals or even countries. Rewarding stupidity, greed and folly is a prescription for more, not less, of the decisions that led to such crises in the first place.
In the fading West, we have reached a point in our history where political leaders want all the benefits of capitalism but none of its drawbacks. Those drawbacks include allowing poor decisions to be met with failure. When the lessons that result from poor choices are painfully learned, those same choices and actions are generally avoided in the future. Not any more - no we can have all the gain without any pain thanks to this magical fairy-tale land created by monetary officials who seem to believe it is their God-ordained destiny to save men from themselves.
I hope this posts are informative while we wait for the markets to open on Sunday also waiting for news from Germany and France. These are fascinating times to trade in.