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The Really Useless Thread

  • #94,721
  • Jun 6, 2012 6:18am Jun 6, 2012 6:18am
Quoting PayTheLimit
I've been down to the Big Easy a few times, good eats...took a few pointers...
small world, i have also. i was easy there too.
those who can, do. those who cant, talk about those who can
  • #94,722
  • Jun 6, 2012 6:19am Jun 6, 2012 6:19am
Quoting gatorinla
40% unemployment... it will fix itself. seems like a good time to buy a Spanish
town while they are cheap. wait a few weeks/years they will be cheaper.
That's the scary bit. I was talking with a Spanish friend the other day and I have read some articles in the economist that point out that the prices hasn't gone down as it should. The consensus is in some major urban areas (Madrid, Barcelona, Valencia, etc) prices are still 35% above the real value ...in simple words the banks are holding empty properties with inflated prices to cover their balance sheets that nobody want to buy or can afford... is a disaster in the making...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #94,723
  • Jun 6, 2012 6:21am Jun 6, 2012 6:21am
Quoting PayTheLimit
indeed, and the rice is ready....

Serve immediately.

bbl..
i had that restaurant down in austin tx... cooked all that stuff to much... im done for life
  • #94,724
  • Jun 6, 2012 6:24am Jun 6, 2012 6:24am
Quoting sisse
True, but I don't know if that is sustainable in the current circumstances. A Deutsche Mark will be fly to 3 to or even 4 (for some analyst) to 1 to the dollar combined with a devaluation of 30% (or more) in the other main EZ importers killing in one shot all competitiveness in the short term on German exports and putting us back to inter World Wars period of protectionism, artificial devaluation and a race to the bottom....

So far only the UK can take the unfair (or fair depending on your side) advantage (well so far they are worst in growth,...
No it won't be easy but they will eventually realise that leaving will be cheaper in the long run than bailing out the rest of Europe forever.

ATM Germany have a huge competitive advantage, bcos of Euro, and they don't want to leave but they also have an ingrained phobia about inflation.

When inflation starts to pick up they will leave.
  • #94,725
  • Jun 6, 2012 6:24am Jun 6, 2012 6:24am
Quoting sisse
That's the scary bit. I was talking with a Spanish friend the other day and I have read some articles in the economist that point out that the prices hasn't gone down as it should. The consensus is in some major urban areas (Madrid, Barcelona, Valencia, etc) prices are still 35% above the real value ...in simple words the banks are holding empty properties with inflated prices to cover their balance sheets that nobody want to buy or can afford... is a disaster in the making...

sisse
in that case.. a audit would be bs. and Germany would be a fool to give money
those who can, do. those who cant, talk about those who can
  • #94,726
  • Jun 6, 2012 6:27am Jun 6, 2012 6:27am
Quoting stewrigh
No it won't be easy but they will eventually realise that leaving will be cheaper in the long run than bailing out the rest of Europe forever.

ATM Germany have a huge competitive advantage, bcos of Euro, and they don't want to leave but they also have an ingrained phobia about inflation.

When inflation starts to pick up they will leave.
Every penny they have put on the bailouts so far has been recovered either via cheaper euro (exports) or via privatization and more control in Brussels, etc. As long as they profit from it they will play the game...the problems is a major catastrophic collapse ...not even the Germans will be immune short term...

In any case, ECB coming lets see ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #94,727
  • Jun 6, 2012 6:28am Jun 6, 2012 6:28am
Quoting sisse
That's the scary bit. I was talking with a Spanish friend the other day and I have read some articles in the economist that point out that the prices hasn't gone down as it should. The consensus is in some major urban areas (Madrid, Barcelona, Valencia, etc) prices are still 35% above the real value ...in simple words the banks are holding empty properties with inflated prices to cover their balance sheets that nobody want to buy or can afford... is a disaster in the making...

sisse
Thats why the banks won't let Spain leave EZ. Can you imagine what a Peseta would be worth??
  • #94,728
  • Jun 6, 2012 6:39am Jun 6, 2012 6:39am
Quoting stewrigh
Thats why the banks won't let Spain leave EZ. Can you imagine what a Peseta would be worth??
at least it looks unidirectional ....more difficult is imaging what will be the exchange rate between a peseta and the Irish pound ...

well for us traders to have 17 x 17 new crosses and the 17 x n new pairs with 0 liquidity will prolly make us put forex in the bottom of the trading priorities for a while

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #94,729
  • Jun 6, 2012 6:42am Jun 6, 2012 6:42am
lube well bastards 69
  • #94,730
  • Jun 6, 2012 6:44am Jun 6, 2012 6:44am
news in 2m.............................................................................
those who can, do. those who cant, talk about those who can
  • #94,731
  • Jun 6, 2012 6:45am Jun 6, 2012 6:45am
no cut
  • #94,732
  • Jun 6, 2012 6:45am Jun 6, 2012 6:45am
Quoting gatorinla
news in 2m.............................................................................
unchanged
those who can, do. those who cant, talk about those who can
  • #94,733
  • Jun 6, 2012 6:49am Jun 6, 2012 6:49am
Quoting gatorinla
unchanged
now litro or not lets see
  • #94,734
  • Jun 6, 2012 6:52am Jun 6, 2012 6:52am

  1. 7:49 AM European shares and the euro shed a small part of their gains following the ECB non-action. While nothing was expected, the chance of a surprise rate cut had to be in the back of investors' minds. Stoxx 50 +1.9%, the euro +0.4% to $1.2500. Comment!

  2. 7:45 AM The ECB leaves its benchmark rate unchanged at 1%. President Mario Draghi's press conference is set to begin at 8:30 ET.

  • #94,735
  • Jun 6, 2012 6:54am Jun 6, 2012 6:54am
2640 insight for now unless drgishitt farts
  • #94,736
  • Jun 6, 2012 7:01am Jun 6, 2012 7:01am
Quoting sisse
at least it looks unidirectional ....more difficult is imaging what will be the exchange rate between a peseta and the Irish pound ...

well for us traders to have 17 x 17 new crosses and the 17 x n new pairs with 0 liquidity will prolly make us put forex in the bottom of the trading priorities for a while

sisse
Exactly so...Think about it. Either everyone leaves. except Germany Hollan, Austria, Belgium?? OR Germany leaves - Siimples.
  • #94,737
  • Jun 6, 2012 7:03am Jun 6, 2012 7:03am
EJ long again @ 98.91
Don't be a hero. Don't have an ego. Always question yourself
  • #94,738
  • Jun 6, 2012 7:04am Jun 6, 2012 7:04am
1.1860 in view.....
  • #94,739
  • Jun 6, 2012 7:04am Jun 6, 2012 7:04am
Quoting kill56
2640 insight for now unless drgishitt farts
A stronger Euro - just what the PIIGS need lol.
  • #94,740
  • Jun 6, 2012 7:09am Jun 6, 2012 7:09am
Quoting stewrigh
A stronger Euro - just what the PIIGS need lol.

its all about the German dream control the dam eu
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