"Tips are for waiters." - Reminiscences of a stock operator
- #993,482
- May 27, 2015 7:03am May 27, 2015 7:03am
- Joined Jun 2013 | Status: Trader by hobby not by profession | 7,050 Posts
{quote} even super bull will be tested eventuallyweekly previous resistance maybe
- #993,486
- May 27, 2015 7:15am May 27, 2015 7:15am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
Weird dollar rise, to me Dollar is a deep shit currency, oh well that's why i don't rely on fundies 
COT: The precious data ignored
- #993,487
- May 27, 2015 7:21am May 27, 2015 7:21am
- Joined Mar 2015 | Status: Trader | 1,305 Posts
{quote} I have to disagree with you on this one, Verified. Countries like Italy, Greece and to a degree even Portugal and Ireland used to be extremely poor in the 60ies, 70ies and 80ies. Especially Italy was the poor house of Europe (I don't mean to insult). Have you forgotten the Lira and how it was worth nothing, how high their inflation was? Italy was the cheap vacation spot for the poorest Europeans for instance... The Euro was a huge improvement to those countries. But it was not built to increase the living standard for all and achieve long-lasting...
. At this time I have been 4 years old.My point is the massive increase of living cost there. The EU caused a lot of increased living costs which have never been compensated with higher income. For many people it was and it is still a big lie. People living there are left with 800 Euro / month for retirement and they pay for their flats 400+ Euro / month. Those and much more problems are increasing.
Best, Verified
- #993,488
- May 27, 2015 7:22am May 27, 2015 7:22am
- Joined Oct 2008 | Status: sideline is a position | 105,127 Posts
Weird dollar rise, to me Dollar is a deep shit currency, oh well that's why i don't rely on fundies
those who can, do. those who cant, talk about those who can
- #993,489
- May 27, 2015 7:25am May 27, 2015 7:25am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
COT: The precious data ignored
- #993,492
- May 27, 2015 7:36am May 27, 2015 7:36am
- Joined Jan 2015 | Status: Trader | 1,645 Posts
> 840 next stop
- #993,494
- May 27, 2015 7:41am May 27, 2015 7:41am
Guys Greece is not going to leave the European Union but it will get back to their old Dharma currency. In this way their people will all pay the price through inflation. The EU economy is so interconnected that it would be a huge loss for any country which would leave EU. Once they left there can be taxes for goods exchange between EU and the country which left the group. From that point that country would have big issues and a lot of unbalanced stuff for their economy. For example the Swiss economy is not totally unbalanced because of an unexpected exchange rate change. It doesn't matter if your currency is getting stronger or weaker, any huge change in exchange rate is bad and dangerous for economy because changes in economy cannot happen so fast...
The problem with EU is caused by so many nations with different language and different behavior/concepts. In USA the differences between states are lower that's why they will survive much longer than EU.
The problem with EU is caused by so many nations with different language and different behavior/concepts. In USA the differences between states are lower that's why they will survive much longer than EU
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- #993,495
- May 27, 2015 7:43am May 27, 2015 7:43am
- Joined Nov 2012 | Status: Trader | 5,895 Posts
:nerd:
