Looks like the BOJ blew its entire load on their kamakazi intervention.
I Just heard on CNBC TV that it cost them ~Y70 Billion.
Kill the ego, or it will kill the mission.
- #6,581
- Oct 31, 2011 9:42am Oct 31, 2011 9:42am
- Joined Jun 2011 | Status: Scratching my head. | 3,578 Posts | Online Now
- #6,582
- Oct 31, 2011 9:43am Oct 31, 2011 9:43am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
We have fake breakout last week so I tried connected the Break Candle to the Fake one as my Daily Pivot Point and Looks good so far - Combine with the USD complete wave and strenght so far - hold my short @ 1.4160 wouldnt be problem - expect unexpected already locked 100 pips of profit and let it run until 1.26
That is what I am hoping for also.
Those who say it cannot be done should not interrupt those who are doing it
- #6,583
- Oct 31, 2011 9:44am Oct 31, 2011 9:44am
- Joined Sep 2011 | Status: I make Rambo look like a boy scout. | 1,472 Posts
I don't care which way the market is going as long as it's going my way
- #6,584
- Oct 31, 2011 9:46am Oct 31, 2011 9:46am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
If they need to pay taxes from that, then it is similar to mine, if this is the amount after paying taxes - than they are still paid better than me (I am referring to full-time payment, even though I work part time now - therefore earn even less) Perhaps this is why many IT companies move to Poland - cheap coding workforce
These people I was talking about work for HSBC in the international call center.
Those who say it cannot be done should not interrupt those who are doing it
- #6,586
- Oct 31, 2011 9:52am Oct 31, 2011 9:52am
Yes what I quoted you is before tax. So Malta and Poland are on the same level of pay.
These people I was talking about work for HSBC in the international call center.
ADD: That's funny, when you spoke to anyone in Poland that EUR is falling (when it was taking a ride two months ago) then everyone was like 'How come, it strengtened almost 10%'... Yeah, against PLN.... Our currency is still treated like some extremely exotic and risky asset. But, maybe I have a Polish bias about it. At least exporters are happy.
- #6,588
- Oct 31, 2011 10:01am Oct 31, 2011 10:01am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #6,589
- Oct 31, 2011 10:11am Oct 31, 2011 10:11am
- Joined Sep 2011 | Status: I make Rambo look like a boy scout. | 1,472 Posts
So when the Zloty loses against the Euro, does that mean that the Kiełbasy gets bigger?
Here's something for you.
EFSF bonds a flop
I don't care which way the market is going as long as it's going my way
- #6,590
- Oct 31, 2011 10:12am Oct 31, 2011 10:12am
So when the Zloty loses against the Euro, does that mean that the Kiełbasy gets bigger?
Okay, it sounds extremely funny 
But I don't think there is a strong correlation 
But, Polish debt gets bigger then. Partially we are indebted in foreign currencies. That is why both central bank and finance ministers try to intervene when it gets hot, as the constitution limits the debt - If it exceeds 55% of GDP, they should make a budget with no deficit... or at least significately lesser deficit than in previous year. So they fear too weak zloty. No-deficit year is a realy nightmare for politicians.
- #6,591
- Oct 31, 2011 10:20am Oct 31, 2011 10:20am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
EFSF bonds a flop
Surprise Surprise. Hmmmmmmmmm
Those who say it cannot be done should not interrupt those who are doing it
- #6,592
- Oct 31, 2011 10:25am Oct 31, 2011 10:25am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
But, Polish debt gets bigger then. Partially we are indebted in foreign currencies. That is why both central bank and finance ministers try to intervene when it gets hot, as the constitution limits the debt - If it exceeds 55% of GDP, they should make a budget with no deficit... or at least significately lesser deficit than in previous year. So they fear too weak zloty. No-deficit year is a realy nightmare for politicians.
Yes I see how that will be a problem, but like you said, a weaker Zloty does improve exports and should therefore increase taxable income for the exporting companies as long as the energy costs don't wipe out the benefits.
Yep, difficult situation. So you make more money on one hand but have to pay out higher expenses on the other. That means the Kiełbasy stays the same size then
Those who say it cannot be done should not interrupt those who are doing it
- #6,593
- Oct 31, 2011 10:30am Oct 31, 2011 10:30am
Glad you found it funny because it was in fact just a joke
Well, perhaps we will make it somehow... as always.
- #6,594
- Oct 31, 2011 10:34am Oct 31, 2011 10:34am
- Joined Sep 2011 | Status: I make Rambo look like a boy scout. | 1,472 Posts
That means the Kiełbasy stays the same size then
Stop please...... I can't hardly see my charts
I don't care which way the market is going as long as it's going my way
- #6,595
- Oct 31, 2011 10:37am Oct 31, 2011 10:37am
- Joined Sep 2011 | Status: I make Rambo look like a boy scout. | 1,472 Posts
I just meant, that such Polish-English mixes are extremely funny as they get often laughed off in Poland, cause many Poles who want to be 'cool' overuse English and misuse it by putting simple words into sentences (and leaving more complex one untranslated). So it is a form of a regional joke, which you did by accident, unless you have enough many Polish friends to know about it.
Well, perhaps we will make it somehow... as always.
He's talking about the size of your sausage.
I don't care which way the market is going as long as it's going my way
- #6,596
- Oct 31, 2011 10:47am Oct 31, 2011 10:47am
- #6,597
- Oct 31, 2011 10:51am Oct 31, 2011 10:51am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Hmmm.. just joined in after I got our minor to bed and this forum has changed from meat grinders to sausage comparison forum. Not quite sure if it is a development though. At least you seem to have a good time
Don't take it out of context. You have to read the original post and follow it through. Those who say it cannot be done should not interrupt those who are doing it
- #6,598
- Oct 31, 2011 10:56am Oct 31, 2011 10:56am
- #6,599
- Oct 31, 2011 10:57am Oct 31, 2011 10:57am
Come on, I've been tapping keyboard for 8 hrs, I may not get everything immediately