Lets see if the news in the next 30min will encourage some direction..I'm still anticipating a break south - short term TP...lets see..
Those that say do not know. Those that know do not say.
- #51,102
- Aug 30, 2012 7:11am Aug 30, 2012 7:11am
Lets see if the news in the next 30min will encourage some direction..I'm still anticipating a break south - short term TP...lets see..
Those that say do not know. Those that know do not say.
- #51,103
- Aug 30, 2012 7:13am Aug 30, 2012 7:13am
- Joined Jul 2009 | Status: Winter is coming. Ask Kondratieff. | 8,196 Posts
"I know one thing, that I know nothing." Sokrates
- #51,104
- Aug 30, 2012 7:14am Aug 30, 2012 7:14am
- Joined Jul 2008 | Status: "Not all information is beneficial. | 1,724 Posts
Why not distributing the ECB Bonds for all EU homeowner, ratepayer, EU citizens...and not for these pop and no kick, nonstarter of banking and governmental misplanning?
The bankers have what the politicians want(money and leverage), and the politicians have what the bankers want,(deregulation of banking rules and a mouse/mouth in their pocket).
If the governments allowed the banks to fail due to their bad decisions in the market, and placed the bailout money in the hands of the people, my guess would be that the GDP would skyrocket, unemployment plummet, and tax revenues increase due to expanded economic activity.
The biggest kink in the system is politicians that tell the people what they want to hear to get elected, and then selling out their integrity( REMEMBER: No one can take your integrity, you have to freely give it up!) by not representing the people and dealing with all factions in politics in an honest, compromising way in the interest of their people.
Conclusion: The people are further in debt due to policies of their government of allowing and protecting bankers in their efforts to lever up debt to create more profits to feed their greed, and the government bailing out same said bankers to maintain their stranglehold on government.
In US, Lehman Bros. being allowed to fail was only a scrap thrown to the people to prevent the Wall streeters' and polticians' heads on a pike!
Okay, I'm done with that rant. It is so liberating, especially after I take my meds!
YOOHOO!, TOP FREAKIN' AGAIN TODAY
- #51,105
- Aug 30, 2012 7:16am Aug 30, 2012 7:16am
- Joined Jul 2009 | Status: Winter is coming. Ask Kondratieff. | 8,196 Posts
"I know one thing, that I know nothing." Sokrates
Thank you for the warm welcome once again. I really appreciate that.
Replying to PT, before I write about my sentiment regarding Greece, i would like to tell you some things about me in order to see the full picture.
I am 32yo, I am currently working for a listed in Stock Exchange firm, as Group int aud. Simultaneously i am doing my phd in a greek uni. So, my sentiment comes from 3 different areas: professional environment, academic environment and, generally speaking, social environment.
Professional environment
Unemployment is honestly the biggest issue. Situation is dramatic. People accept salaries reductions (above 30%, and dont think that we all Greeks are corrupted with high wages and lot of free time), in order not to lose their jobs, people get fired every day (honestly every day I hear a new incident) and social contributions are near to 0 with high amounts paied by employees from their salaries. Note that a company that i used to work experienced a 80% reduction in sales (listed as well).
Tax evasion is a big issue (not the biggest in my opinion). Greece was structured in a manner which SME were the majority. These small family companies made everything not to pay taxes, without realising that this strategy will damage even them in a longer term.
A hint from today: One of the top 8 banks in greece today announced that their BoD are not in a position to release banks economic results of 2011 (8 months later!!). Stock exchange decided to delist this bank for the next few days (after a 30% down).
Academic environment
Even I believe that the knowledge the Greek uni are offering is of high std, I think that the connection between state and academic personnel destroyed them. Uni boards are persons with connection with politicians, and until this crisis era nobody was giving a s&*t about the way they were managing their budget. Note that from yesterday, the board of one of the biggest universities is being accused of steals (the audit team discovered that they had given 30000euros for the restoration of the toilet for the BoD!). IMO, a lot of unis will be closed until next year (I hope not the one that i am doing my phD
).
Social environment
Situation is dramatic. Even Middle class people are now feeling the crisis. Greece is facing a huge problem with immigrants (a large number of them is illegal in country-mostly from Middle East countries). Imagine that wherever you see a recycle bin, you will see a person collecting from it anything recyclable in order to sell it). This situation has created a hate for them by some Greeks and you see every day in the news that an incident involving fight between these two is taking place.
Social contributions from the state are 0. The only thing state is doing is to impose new taxes without giving a s*&t about tax evasion and corruption and high prices. Every day robberies are taking place and you hear incredible incidents.
To sum up, IMO we are approaching 0 time. I dont think that people are going to last more. Taxes and austerity mesures have no result anymore since people dont have to pay them. 35% of mortgages are in red zone.
Anyway, thank you for reading this. It is not analytical at all compared with reality. If you have any questions I am here for you.
Replying to PT, before I write about my sentiment regarding Greece, i would like to tell you some things about me in order to see the full picture.
I am 32yo, I am currently working for a listed in Stock Exchange firm, as Group int aud. Simultaneously i am doing my phd in a greek uni. So, my sentiment comes from 3 different areas: professional environment, academic environment and, generally speaking, social environment.
Professional environment
Unemployment is honestly the biggest issue. Situation is dramatic. People accept salaries reductions (above 30%, and dont think that we all Greeks are corrupted with high wages and lot of free time), in order not to lose their jobs, people get fired every day (honestly every day I hear a new incident) and social contributions are near to 0 with high amounts paied by employees from their salaries. Note that a company that i used to work experienced a 80% reduction in sales (listed as well).
Tax evasion is a big issue (not the biggest in my opinion). Greece was structured in a manner which SME were the majority. These small family companies made everything not to pay taxes, without realising that this strategy will damage even them in a longer term.
A hint from today: One of the top 8 banks in greece today announced that their BoD are not in a position to release banks economic results of 2011 (8 months later!!). Stock exchange decided to delist this bank for the next few days (after a 30% down).
Academic environment
Even I believe that the knowledge the Greek uni are offering is of high std, I think that the connection between state and academic personnel destroyed them. Uni boards are persons with connection with politicians, and until this crisis era nobody was giving a s&*t about the way they were managing their budget. Note that from yesterday, the board of one of the biggest universities is being accused of steals (the audit team discovered that they had given 30000euros for the restoration of the toilet for the BoD!). IMO, a lot of unis will be closed until next year (I hope not the one that i am doing my phD
).Social environment
Situation is dramatic. Even Middle class people are now feeling the crisis. Greece is facing a huge problem with immigrants (a large number of them is illegal in country-mostly from Middle East countries). Imagine that wherever you see a recycle bin, you will see a person collecting from it anything recyclable in order to sell it). This situation has created a hate for them by some Greeks and you see every day in the news that an incident involving fight between these two is taking place.
Social contributions from the state are 0. The only thing state is doing is to impose new taxes without giving a s*&t about tax evasion and corruption and high prices. Every day robberies are taking place and you hear incredible incidents.
To sum up, IMO we are approaching 0 time. I dont think that people are going to last more. Taxes and austerity mesures have no result anymore since people dont have to pay them. 35% of mortgages are in red zone.
Anyway, thank you for reading this. It is not analytical at all compared with reality. If you have any questions I am here for you.
- #51,107
- Aug 30, 2012 7:22am Aug 30, 2012 7:22am
- Joined Jul 2008 | Status: "Not all information is beneficial. | 1,724 Posts
Mate, was this post really meant for me? Germans = Hitlers, PIIGS = Lazy gypsies, Russians = brutes, Americans = Fat rednecks. Want some more?.
I will delete this post if you wish.
But as Gofer says, I always give people chance and I can change my opinion. Those opinions are not walls. But mate, you need to have some ground, some base from which you can start thinking. If you didnt have any prejudice, it would be very hard to react fast. When I burn myself because of my prejudice, I will change the way I think. It works so far.
edit:...
- #51,108
- Aug 30, 2012 7:24am Aug 30, 2012 7:24am
- 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
- #51,109
- Aug 30, 2012 7:27am Aug 30, 2012 7:27am
- Joined Dec 2011 | Status: Don't put all ur eggs in one basket | 3,453 Posts
Ahhh! The crux of the problem, i.e. banksters and politicians!
The bankers have what the politicians want(money and leverage), and the politicians have what the bankers want,(deregulation of banking rules and a mouse/mouth in their pocket).
If the governments allowed the banks to fail due to their bad decisions in the market, and placed the bailout money in the hands of the people, my guess would be that the GDP would skyrocket, unemployment plummet, and tax revenues increase due to expanded economic activity.
The biggest kink in...
- #51,110
- Aug 30, 2012 7:28am Aug 30, 2012 7:28am
- Joined Dec 2011 | Status: Don't put all ur eggs in one basket | 3,453 Posts
How did you know!?!?
- #51,111
- Aug 30, 2012 7:29am Aug 30, 2012 7:29am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Screaming rally in GBP/USD taking the P*ss out of the USD and spilling over to E/U. Kind of explains the pop upward, albeit only 10 pips .
.
Those who say it cannot be done should not interrupt those who are doing it
- #51,112
- Aug 30, 2012 7:32am Aug 30, 2012 7:32am
- 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
- #51,113
- Aug 30, 2012 7:33am Aug 30, 2012 7:33am
Screaming rally in GBP/USD taking the P*ss out of the USD and spilling over to E/U. Kind of explains the pop upward, albeit only 10 pips
, then will go down from there to 1.5820 - #51,114
- Aug 30, 2012 7:33am Aug 30, 2012 7:33am
- Joined Dec 2011 | Status: Don't put all ur eggs in one basket | 3,453 Posts
Screaming rally in GBP/USD taking the P*ss out of the USD and spilling over to E/U. Kind of explains the pop upward, albeit only 10 pips
- #51,115
- Aug 30, 2012 7:36am Aug 30, 2012 7:36am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
How did you know!?!?
http://www.bigcabins.com/tennessee_cabin.jpg
Those who say it cannot be done should not interrupt those who are doing it
- #51,116
- Aug 30, 2012 7:38am Aug 30, 2012 7:38am
- Joined Jul 2008 | Status: "Not all information is beneficial. | 1,724 Posts
Screaming rally in GBP/USD taking the P*ss out of the USD and spilling over to E/U. Kind of explains the pop upward, albeit only 10 pips
- #51,117
- Aug 30, 2012 7:39am Aug 30, 2012 7:39am
- Joined Jul 2008 | Status: "Not all information is beneficial. | 1,724 Posts
If I move to Tennessee, I want this cabin in the Smokey Mountains. Set it up Gofer... I'm on my way
http://www.bigcabins.com/tennessee_cabin.jpg
- #51,118
- Aug 30, 2012 7:51am Aug 30, 2012 7:51am
- Joined Dec 2011 | Status: Don't put all ur eggs in one basket | 3,453 Posts
- #51,119
- Aug 30, 2012 7:52am Aug 30, 2012 7:52am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Spikey Mohawk Pattern on M15
Those who say it cannot be done should not interrupt those who are doing it