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The Rabbit Hole

  • #4,181
  • May 31, 2017 3:51pm May 31, 2017 3:51pm
Quoting jarhead
{quote} Some good news mate. Yesterday we test fired a anti missile missile. Complete success. Like a bullet shooting another bullet in mid flight. Also Trump home -- tweaking the hell out of the press with a tweet using a jumbled word. It's hilarious watching him play with them. FYO Our mm is ecstatic as they think May is in trouble. I think it's just another polluted pollster opinion.
Hi Jim. Haven't really got my eye on the US ball at the minute but hope DT turns out to be the real deal.

Here I would not be surprised if Tories let it slide. May never wanted Brexit, losing election would give her an out and still achieve the result she wanted in first place. Hand it over to Corbyn to do the dirty work of somehow keeping us in EU. When the dust has settled back to normal politics, taking turns at Fcking the country up.
Once You See, You Can't Unsee But You Will Get The Odd Poke In The Eye
  • #4,182
  • May 31, 2017 3:59pm May 31, 2017 3:59pm
Quoting Stu Effex
{quote} Hi Jim. Haven't really got my eye on the US ball at the minute but hope DT turns out to be the real deal.
Big test for Trump is the Paris climate accord BS. He is getting lots of pressure from the democrats he has allowed in his administration. Very bad for US and a strong campaign promise to withdraw from it. Happy with Trump so far but I'm still in the "trust but verify" stage with him. Have a inherent distrust of all politicians and government.

See where the Doc got red-lined over in the news section.
Defending Truth, Capitalism and the US Constitution
  • #4,183
  • May 31, 2017 4:00pm May 31, 2017 4:00pm
Quoting Stu Effex
{quote} Hi Jim. Haven't really got my eye on the US ball at the minute but hope DT turns out to be the real deal. Here I would not be surprised if Tories let it slide. May never wanted Brexit, losing election would give her an out and still achieve the result she wanted in first place. Hand it over to Corbyn to do the dirty work of somehow keeping us in EU. When the dust has settled back to normal politics, taking turns at Fcking the country up.
Do you think the dementia tax was deliberate? Seems crazy that she would be unaware of the uproar it would cause. I always had a little niggle not to trust her, but then we had little other choice.
  • #4,184
  • May 31, 2017 4:02pm May 31, 2017 4:02pm
Just curious. I get almost all my trading profit from scalping. I know Stu gets most of his scalping also. Got any more primary scalpers among the regulars here?
Defending Truth, Capitalism and the US Constitution
  • #4,185
  • Edited 4:19pm May 31, 2017 4:04pm | Edited 4:19pm
Quoting jarhead
{quote} Big test for Trump is the Paris climate accord BS. He is getting lots of pressure from the democrats he has allowed in his administration. Very bad for US and a strong campaign promise to withdraw from it. Happy with Trump so far but I'm still in the "trust but verify" stage with him. Have a inherent distrust of all politicians and government. See where the Doc got red-lined over in the news section.
Just saw, he was talking to me! I actually said worse! WTF is going on?

Come on, I think we all need to talk trading for a bit - what do you think of my analysis of a Tory win next week? https://www.forexfactory.com/showthread.php?p=9928303#post9928303

Quoting jarhead
Just curious. I get almost all my trading profit from scalping. I know Stu gets most of his scalping also. Got any more primary scalpers among the regulars here?
Nowhere near scalping but not as long term as I used to be. Analysis is still long term, but I get out way earlier nowadays. In a move, there are dead cert bits and there are shaky bits, but the theory is it gets there in the end. Now I just grab the dead cert bit and leg it.
  • #4,186
  • May 31, 2017 4:20pm May 31, 2017 4:20pm
Quoting jen101
{quote} Just saw, he was talking to me! I actually said worse! WTF is going on?
It's very selective. They will red line a minor cliffie post to attempt to not be so obvious. Looking at another thread this morning -- it was viciously anti-Trump. Not the first red line. Every time I have gotten it, I was discussing facts on the subject matter and just threw in what weasels the name callers were at the end of the post. Gonna stay here and Scott's place from here on out. I still gotta pretty good temper and I could get expelled easily.
Defending Truth, Capitalism and the US Constitution
  • #4,187
  • May 31, 2017 4:27pm May 31, 2017 4:27pm
Quoting jen101
{quote} Nowhere near scalping but not as long term as I used to be. Analysis is still long term, but I get out way earlier nowadays. In a move, there are dead cert bits and there are shaky bits, but the theory is it gets there in the end. Now I just grab the dead cert bit and leg it.
Fits my impatient personality. Immediately drawn to it when I started. Unfortunately also got involved with FF when I started. 95% bad info here. Met Stu and listened and watched and it all started falling into place. Now very high risk, only looking for 2 - 4 pips. Don't like to be in trade more than 5 - 6 minutes. Learning to find those little bursts. Stay away from low volatility. Has become quite profitable.
Defending Truth, Capitalism and the US Constitution
  • #4,188
  • May 31, 2017 4:45pm May 31, 2017 4:45pm
Quoting jen101
{quote} Do you think the dementia tax was deliberate? Seems crazy that she would be unaware of the uproar it would cause. I always had a little niggle not to trust her, but then we had little other choice.
I honestly don't know Jen but always been suspicious of how a remainer PM could do the deed. We have to remember Cameron quit on the basis that his political stance wasn't aligned with the Brexit vote and then the new leader May is a remainer too. So we are still being governed by a remain crew at the core. This has bothered me. The change of tack with calling an early election, May says it's because of the division in Westminster. Essentially there is always a division in Westminster. There is a whiff of something in the air but can't put my finger on it.
Once You See, You Can't Unsee But You Will Get The Odd Poke In The Eye
  • #4,189
  • May 31, 2017 6:29pm May 31, 2017 6:29pm
Conservatives need to be hammering home, that they are the only party that can deliver a Brexit.

It should be their only message right now.

This is not an ordinary general election, Brexit is by a considerable margin, the most important thing this cycle.
  • #4,190
  • Jun 1, 2017 1:11am Jun 1, 2017 1:11am
Quoting jarhead
Just curious. I get almost all my trading profit from scalping. I know Stu gets most of his scalping also. Got any more primary scalpers among the regulars here?
Not me Jim I swing and hedge when I'm wrong.
Nothing strengthens authority so much as silence
  • #4,191
  • Edited 1:44am Jun 1, 2017 1:17am | Edited 1:44am
Quoting jen101
{quote} Do you think the dementia tax was deliberate? Seems crazy that she would be unaware of the uproar it would cause. I always had a little niggle not to trust her, but then we had little other choice.
Tories are certainly trying to snatch defeat from the jaws of victory lol - I just hope their core which is predominantly anti EU holds up
Nothing strengthens authority so much as silence
  • #4,192
  • Jun 1, 2017 1:43am Jun 1, 2017 1:43am
Quoting jarhead
{quote} Fits my impatient personality. Immediately drawn to it when I started. Unfortunately also got involved with FF when I started. 95% bad info here. Met Stu and listened and watched and it all started falling into place. Now very high risk, only looking for 2 - 4 pips. Don't like to be in trade more than 5 - 6 minutes. Learning to find those little bursts. Stay away from low volatility. Has become quite profitable.
What sort of SL do you have to get 2-4 pips?! Which pairs do you trade? What spread do you get? How do you feel about giving away almost half to your broker and he gets it risk free?
  • #4,193
  • Jun 1, 2017 1:44am Jun 1, 2017 1:44am
I see I got a CoC too for calling someone a little cretin.
  • #4,194
  • Jun 1, 2017 1:47am Jun 1, 2017 1:47am
Quoting verv
Conservatives need to be hammering home, that they are the only party that can deliver a Brexit. It should be their only message right now. This is not an ordinary general election, Brexit is by a considerable margin, the most important thing this cycle.
I would have thought that was obvious. Why are they getting sidetracked on this dementia tax stuff? They're not stupid.
  • #4,195
  • Edited 2:28am Jun 1, 2017 1:57am | Edited 2:28am
https://youtu.be/ffRiUQPgDYo

https://youtu.be/Wh0voxhXdKk
Once You See, You Can't Unsee But You Will Get The Odd Poke In The Eye
  • #4,196
  • Jun 1, 2017 2:45am Jun 1, 2017 2:45am
Quoting verv
Conservatives need to be hammering home, that they are the only party that can deliver a Brexit. It should be their only message right now. This is not an ordinary general election, Brexit is by a considerable margin, the most important thing this cycle.
Corbyn is telling the libtards that everything will be free once he plants his magic money tree at No 10. Critical to the growth of the Magic Money Tree, will be provision of fertiliser from Len McKlusky, Diane Abbott will need to lay on her back to constantly monitor the number of growing buds on the Magic Money Tree, Corbyn's role in all of the will be tickle Red Len's bollox which apparently encourages the production of fertiliser. Nicola Sturgeon will be providing all the leather gear to bring the party together.

Only the Capitalist bastards (sorry, the wealth creators, entrepreneurs, and the really talented business people) will be affected by Corbyn Socialism, Which I might add bears no resemblance to the socialism of the Labour party in the 1970's which totally flucked the country. Corbyn's answer to terrorism will be the Corbyn anti-terror tickling stick (which happens to be the same one he use on Red Len's bollox) and the threat of forcing suspect bad boys(we won't be using the word terrorist any more) to spend an hour in Diane Abbotts company where she will provide detailed financial info on the budget for policing
  • #4,197
  • Jun 1, 2017 4:32am Jun 1, 2017 4:32am
Quoting Devauxt
{quote} Corbyn is telling the libtards that everything will be free once he plants his magic money tree at No 10. Critical to the growth of the Magic Money Tree, will be provision of fertiliser from Len McKlusky, Diane Abbott will need to lay on her back to constantly monitor the number of growing buds on the Magic Money Tree, Corbyn's role in all of the will be tickle Red Len's bollox which apparently encourages the production of fertiliser. Nicola Sturgeon will be providing all the leather gear to bring the party together. Only the Capitalist...
Haha! I think you deserve a CoC for telling the truth.
  • #4,198
  • Jun 1, 2017 4:44am Jun 1, 2017 4:44am
It's not UK we need to worry abt - got this email this morning.

Right now, Italy is Europes weakest link.
Italy has one of the most indebted governments in the world. Its borrowed over $2.4 trillion. Its debt-to-GDP ratio is north of 130%. (For comparison, the US debt-to-GDP ratio is 104%.)
But the situation is actually much worse.
GDP measures a countrys economic output. However, its highly misleading. Mainstream economists count government spending as a positive when calculating GDP. A more honest approach would count it as a big negative.
In Italy, government spending accounts for a whopping 50%-plus of GDP. Remove that from the calculation, and I suspect wed see how hopelessly insolvent the Italian government truly is.
In other words, Italy is flat broke.
I dont see how the Italian government could possibly extract enough in taxes from the productive part of the economy to ever pay back what its borrowed.
Meanwhile, Italian government bonds are in a super bubble...
Theyre currently trading near record-low yields. (When bond prices go up, bond yields do down.)
Over $1 trillion worth of Italian bonds actually have negative yields.
Its a bizarre and perverse situation.
Lending money to the bankrupt Italian government carries huge risks. So the yields on Italian government bonds should be near record highs, not record lows.
Negative yields could not exist in a free market. Theyre only possible in the current Alice in Wonderland economy created by central bankers.
You see, the European Central Bank (ECB) has been printing money to buy Italian government bonds hand over fist. Since 2008, the ECB and Italian banks have bought over 88% of Italian government debt, according to a recent study.
This is stunning.
It means that Italys financial system depends completely on ECB money printing.
Italian government bonds are, without a doubt, in super-bubble territory. It wont be long before a pin pricks this bubble and pop.
That could happen soon.
Earlier this month, the credit rating agency Fitch downgraded Italys credit rating from BBB+ to BBB.
And Mario Draghi, the head of the ECB, recently announced that after five years of manic money printing, hes finally achieved his wrongheaded goal of 2% inflation.
Doug Casey: Inflation is one of the most misused words; few even think about its actual meaning. What is inflation? Well, thats prices going up. No, its not. To say that is to confuse cause and effect. Inflation is an increase in the money supply. You inflate when the money supply is increased by more than real wealth increases.
Prices go up as a result. People have forgotten about that. Today, inflation seems to come from out of nowhere, like a freak storm. No cause. Unless its blamed on the butcher, or the baker, or an evil oil company. Nobody ever thinks its a central bankthe Fed in the USthat actually creates more money, and causes inflation.
Youve heard that central banks are trying to create a little bit of inflation because, they say, A little bit of inflation is good. No, even a little bit of inflation is deadly poisonous. For two reasons: It creates the business cycle. And it destroys the value of savings. Saving is the basis of capital creation.
People who say that a little inflation is a good thing are dangerous fools.
Now that the ECB has reached its 2% inflation target, Germany and other EU countries are pushing the central bank to stop printing so much money.
This is the last thing the Italian government wants. Remember, the ECB buys a lot of Italian government bonds with those freshly printed euros.
If the ECB stops buying Italian government bonds, who will step up? The answer is nobody Italian banks are already completely saturated with government bonds.
Germany wants the money printing to stop. Italy wants it to continue.
But, since the ECB has reached its stated inflation target and Germany has crucial elections later this year, I think Germany will get its way.
This is very bad news for Italys government and banking system.
Once the ECBthe only large buyersteps away, Italian government bonds will crash and rates will soar.
Soon it will be impossible for the Italian government to finance itself.
Italian bankswhich are already insolventwill be decimated. They hold an estimated 235 billion worth of Italian government bonds. So the coming bond crash will pummel their balance sheets.
Its shaping up to be a lovely train wreck.
I think well see a full-blown crisis in Europe soon.
So, why should Americans or anyone outside of Europe care?
Its simple
The EU is the worlds largest economy.
The euro currency is the second most widely held currency in the world.
Financial chaos in Europe means financial chaos worldwide.
The Financial Times commented on what would happen if the EU were to collapse:
It would probably lead to the most violent economic shock in history, dwarfing the Lehman Brothers bankruptcy in 2008 and the 1929 Wall Street crash.
A crisis in Europe would send a lethal lightning rod through the worlds currency and stock markets. Unparalleled economic turmoilfar worse than 2008could follow.
Until next time,
http://cdn.internationalman.com/images/ng_sig_300.jpg
Nick Giambruno
Senior Editor, International Man
Nothing strengthens authority so much as silence
  • #4,199
  • Jun 1, 2017 5:11am Jun 1, 2017 5:11am
Quoting Magog
It's not UK we need to worry abt - got this email this morning. Right now, Italy is Europes weakest link. Italy has one of the most indebted governments in the world. Its borrowed over $2.4 trillion. Its debt-to-GDP ratio is north of 130%. (For comparison, the US debt-to-GDP ratio is 104%.) But the situation is actually much worse. GDP measures a countrys economic output. However, its highly misleading. Mainstream economists count government spending as a positive when calculating GDP. A more honest approach would count it as a big negative. In...

Good post!
  • #4,200
  • Jun 1, 2017 5:12am Jun 1, 2017 5:12am
What the hell is going on with this site? I respond to someone who makes a comment to me, and suddenly they go all snowflake on me by ignoring me and then citing me me with a COC.


Quoting Earleone (https://www.forexfactory.com/showthread.php?p=9928311#post9928311)
{quote} He was just making a point out of who he respect and who he disrespect, who is the friend who is not. I would say great way to show it to the world. Europe is not crawling for Trump. We like USA . Respect what it has been and what it possible will be again. But not for what it is showing to us and the world now by the person the American people has elected President.


I could care less, and I am sure Trump shares that sentiment as well. Macron is just another Globalist thug, who so happened got lucky to get elected. For me personally I wish the EU just dies, because there is nothing democratic about it. And What is Trump showing? That the days of taking advantage of US trade deals are over? That fairness when it comes to imports and exports should be a level playing field? I should think so! Some of us have actually been paying attention to the actual numbers, and is by far a lopsided affair on so many issues, that heads are exploding because politicians personal interests that don't represent the peoples are being threatened. Too bad! Change is a good thing! Most who are informed are tired of the Oligarchs running the world, and suppressing opportunity when it comes to wealth and commerce!

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