Forum > View Topic
by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
i guess you're short and trying to support your posi... right?
but upside favored short term as long as 3500 holds.... min test of 3950/4000 but i expect a bit higher for now...
anyway.. gl luck...
ps... you're in the wrong boat if you're sharing same view with CAT... fyi :)
The municipal, state and federal debt problems in the USA are already up. You cannot postpone something that is already happening. What is saving USA is that the market players are currently ignoring USA debt problems.
And USA is the most indebted nation in the World. http://www.economist.com/blogs/dailychart/2010/11/government_debt?fsrc=scn/fb/wl/dc/inthered
As for trading within this corrupt system, I see clear opportunities in shorting the Euro at these levels. The currency pairs are relative. Euro's problems are about to unravel big time. The US, as has been mentioned by Catnip and myself, can postpone problems till much later (next year).
At least I cannot see your logic. First you say the Fed should be abolished because it is flooding the system with dollars which is indeed fact:
http://www.zerohedge.com/article/m2-grows-40-billion-one-week-hits-fresh-all-time-high
And now you say EUR is overvalued vs dollar when ECB money supply is not growing as fast as Fed M2 money supply.
How can you support both of these opinions at the same time?
to Spanish Portuguese banks ( which is illegal) to help them pass the stress test then it is just a Ponzi scheme. Because the credit of Eur 386 bln is hot air. The Bundesbank doesn't have 386 bln.
1. greater cases of mental health issues caused by long term usage of marijuana and skunk. Causing a further strain on the health budget and system
2. greater respiratory illnesses tobacco/ganja related. Again greater health related costs
3. cost to society of undesirable areas where weed will be sold...If u have ever visited Amsterdam you would see how the undesirable types soon ghettoise (is that even a word?) an area around the coffee shops in Amsterdam
Catnip,
had to comment on your post.
you ve really lost it man. take a break... go visit some exotic locations.
you write "I am still investigating whether German Bundesbank is short of Eur 386 bln and hence bankrupt."
r u really living in frankfurt or libya?
quite crazy
jnz
So far Weber has not resigned but was ousted.