Posts by "montmorency"

@Asad: Thanks for China dumping report link. V. interesting. China won't be pushed around. Higher wages in China should increase costs for those who import from her, without the "benefit" (for the USA, for example), of a weaker USD; all pain, no gain. Not sure if that totally stands up economically, but anyway, as you say, it reminds us who holds the stick.

@Chloe: You aren't the only one with questions. It's a complicated financial world out there, and it can change so quickly. Like with this temporary EUR rally, apparently because of the recent political moves in Europe to rescue the weaker members. However, I see in that FT article that Ashraf pointed to:

"Weve had to face up to the fact that what is now a Greek problem could turn into a European one, the official said.

Were thinking about what we should do if the crisis spills from Greece into other euro countries. So its more about finding firewalls, containing the problem, than principally about helping the Greeks. He added there were no concrete plans as yet. " [A German government official, Germany being the dominant country in the Eurozone].

So it rather looks to me as though the market has overreacted a little, although as Ashraf says somewhere else, they will have to come up with something concrete at some point. Whether it will be enough to stop the Euro falling further again ....

[Oops, I meant are the anti-risk-appetite currencies...sorry.]

Short from 1079 could have been good. Now it's 1072-3, so good question as to whether short from here, or see if it pulls back to 1079 or so again ...

[Not sure what happened there: that should have been "less than 20 min" - must have taken the less than sign and the number as a special character or something]