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  • #35,681
  • Nov 23, 2011 4:11pm Nov 23, 2011 4:11pm
Quoting needpips
a run to 1.34 would b nice.....
a run to 1.00 would be also.
those who can, do. those who cant, talk about those who can
  • #35,682
  • Nov 23, 2011 4:20pm Nov 23, 2011 4:20pm
Quoting gatorinla
a run to 1.00 would be also.
tru
  • #35,683
  • Nov 23, 2011 5:36pm Nov 23, 2011 5:36pm
hey junkies

been a nice day night so it will be camel time unless chino minoo little guys do some shitt about it , or i am going back to my lovely bed and dream about it
  • #35,684
  • Nov 23, 2011 5:42pm Nov 23, 2011 5:42pm
Quoting chazzle
scratch

I see a poss. tl spike to 330/350 but would still expect a day close >385
well took the 350 long earlier a few hours ago , but before that got a good short entry 411 just under some weekly level from last november - scalped it for 12 pips - shoulda held till that 350 at least - the long another scratch
  • #35,685
  • Nov 23, 2011 5:50pm Nov 23, 2011 5:50pm
Venice..

1162 end of the day right there
  • #35,686
  • Nov 23, 2011 6:07pm Nov 23, 2011 6:07pm
Quoting gatorinla
a run to 1.00 would be also.
impossible.... unless we break 1.0001
  • #35,687
  • Nov 23, 2011 6:20pm Nov 23, 2011 6:20pm
Quoting darimik
impossible.... unless we break 1.0001
well if the ecb is gonna buy everything and save the euro. they will have to print. if not Germany's biggest buyer of its exports. will buy less and will struggle economically. overall reality will set in. reality is a bitch. who knows they may chose to continue with the kaleidoscope eye syndrome. cause all the liquidity to dry up and just crash.. they can bs the public and buy all the bonds. but that money comes from somewhere, even if its closet printing. the bond market has spoken.. the king has no cloths.
those who can, do. those who cant, talk about those who can
  • #35,688
  • Nov 23, 2011 6:27pm Nov 23, 2011 6:27pm
Quoting AaronWard
I actually think the Fed is starting to get worried about all the money they have created. I imagine that the ECB will have to resort to printing... if they are not already doing so. They have a lot of bonds on their books that remains unsanitized.

However, even if these problems are fixed, it does nothing about the real problem that the West is facing. Its labour markets are increasingly uncompetitive with the East, its economies and government budgets are structured on a model that assumes continual growth, and its social welfare costs are...
I am a mid term (6-9 months) USD bull. Todays abysmal failure of the German 10yr Bunds just reaffirmed my position. Sovereign Yield curves all over Europe are beginning to invert. Inflationary pressures loom along with deflation, increases in prices of oil and food. Perfect setup for a repeat of the stagnation of the 70's...
The US STILL has the most productive labor force in the world. Technology is the real culprit for the so-called loss of business to China. In fact, even now the US manufacturing sector is larger than China's entire economy.

When push comes to shove, cash is king. The USD has been frowned upon so heavily for so long since 2008 when we started the unsterilized intervention that everyone has been programmed to just sell USD vs everything.
Ive been buying USD vs risk currencies and against the Swissy for some time now as risk aversion comes to the forefront as predicted by the worsening Bond markets. Ive been hesitant to go all in short on the Euro because I really had some fears that Germany would give the OK to the ECB to fire up some QE. The Germans have shown their stubborness to such actions and in effect will drag the entire EU down with them.

IMO we are still in great areas to keep buying USD on pullbacks. Im not afraid of the US losing its status as the worlds reserve currency any time soon and until I can go buy my Ipod2 for dinner in gold at an apple store Ill keep holding my fake Uncle Benny paper fiat currency.

Just my .02 fellas
  • #35,689
  • Nov 23, 2011 6:56pm Nov 23, 2011 6:56pm
Quoting Wulfgar
IMO we are still in great areas to keep buying USD on pullbacks.
we will have ein orderly devaluation of die euro, ja?

Alles en Ordnung.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #35,690
  • Nov 23, 2011 7:03pm Nov 23, 2011 7:03pm
Quoting Wulfgar
the US manufacturing sector is larger than China's entire economy.
I had a quick look on wikipedia :

China's GDP is about 40% the size of the US GDP

US GDP by Sector - Industry = 22%

am I missing something obvious?
  • #35,691
  • Nov 23, 2011 7:21pm Nov 23, 2011 7:21pm
Quoting chazzle
I had a quick look on wikipedia :

China's GDP is about 40% the size of the US GDP

US GDP by Sector - Industry = 22%

am I missing something obvious?
you are not
  • #35,692
  • Nov 23, 2011 7:44pm Nov 23, 2011 7:44pm
Quoting chazzle
I had a quick look on wikipedia :

China's GDP is about 40% the size of the US GDP

US GDP by Sector - Industry = 22%

am I missing something obvious?
Its not necessarily obvious... the truth is hidden in the trade and current account deficit reports.

First off the productivity(output) of US manufacturing employees has increased dramatically over the last 20 years due in large part to technological advances. But due to globalization, mainly crossborder transactions involving people in the same corporate walls, trade deficit and current account deficit numbers come out extremely skewed( up to 50%) . This is due to our archaic national accounting system. Companies move goods from place to place all the time, but when that trade takes placeover national borders , even within the same company, it is counted as a deficit and subtracted from manufacturing data( retarded I know, but intrafirm trades are half of the US trade deficit).
So basically, you can take our actual GDP numbers by Industry and manufacturing sectors and roughly double them( ie 22x2= 44%, more than Chinas GDP)

The US really is a manufacuring powerhouse. And this is AFTER the 08 crisis. Before it we were even bigger.
  • #35,693
  • Nov 23, 2011 7:49pm Nov 23, 2011 7:49pm
Quoting The Fool
we will have ein dis-orderly devaluation of die euro, ja?

Alles en Ordnung.
Fixed... u crazy Kraut
  • #35,694
  • Nov 23, 2011 8:10pm Nov 23, 2011 8:10pm
if we drop now to 3360 or below w/o making a new low. then get above 3370. then we should c 3420 min... 3403.8 is another target using a swing. but i still look for 3429. 3429 has little to do with the first 2.. 3429 would be valid until 3267.. im not longing to these. just looking for a place to add a s. 3447 may be a R
those who can, do. those who cant, talk about those who can
  • #35,695
  • Nov 23, 2011 8:15pm Nov 23, 2011 8:15pm
the socalled "asian session" in forex is a myth. Most of Asia does not even have money anyway, but trades with dried yak turds and such. Ever since Japan lowered the allowable fx margins, there is nothing going on in Japan, either. Plus Tokyo traders are obsessed with poop and have ridiculously small, practically useless p p portfolios.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #35,696
  • Nov 23, 2011 8:20pm Nov 23, 2011 8:20pm
Quoting chazzle
I had a quick look on wikipedia :

China's GDP is about 40% the size of the US GDP

US GDP by Sector - Industry = 22%

am I missing something obvious?
contrary to popular belief the u.s. still manufactures more
those who can, do. those who cant, talk about those who can
  • #35,697
  • Nov 23, 2011 8:20pm Nov 23, 2011 8:20pm
Quoting The Fool
the socalled "asian session" in forex is a myth. Most of Asia does not even have money anyway, but trades with dried yak turds and such. Ever since Japan lowered the allowable fx margins, there is nothing going on in Japan, either. Plus Tokyo traders are obsessed with poop and have ridiculously small, practically useless p p portfolios.

I have seen some fetish videos that prove this is true

oh and are the dried yak turds tradeable as a commodity?
  • #35,698
  • Nov 23, 2011 8:31pm Nov 23, 2011 8:31pm
lol ol
  • #35,699
  • Edited 8:42pm Nov 23, 2011 8:31pm | Edited 8:42pm
Quoting Wulfgar
I have seen some fetish videos that prove this is true

oh and are the dried yak turds tradeable as a commodity?
what about cat shit coffee. its out of style... panda shit tea is the fad.
http://www.foxnews.com/story/0,2933,273237,00.html
those who can, do. those who cant, talk about those who can
  • #35,700
  • Nov 23, 2011 8:34pm Nov 23, 2011 8:34pm
Quoting Wulfgar
I have seen some fetish videos that prove this is true

oh and are the dried yak turds tradeable as a commodity?
where is the chocolate rabbit videos. i like to watch car wrecks. freaky, i know.
those who can, do. those who cant, talk about those who can
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