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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:

EUR

Discuss EUR in this thread
 
subway90
Posted Anonymously
13 years ago
Mar 1, 2011 11:57
tony g...

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 :)

Putko Mafani
Cape Town, South Africa
Posted Anonymously
13 years ago
Mar 1, 2011 11:57
And why the USA can postpone its problems till later? Posrpone?
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
Tony G
Posted Anonymously
13 years ago
Mar 1, 2011 11:44
PM, sure I can. My views on the FED remains the same. They have a remit to enrich their members the banksters and the people with insider information such as Warren Buffet. Sooner or later there will be demonstrations in front of the FED building as there have been in Wisconsin.

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).
Putko Mafani
Cape Town, South Africa
Posted Anonymously
13 years ago
Mar 1, 2011 11:33
@TonyG

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?
Tony G
Posted Anonymously
13 years ago
Mar 1, 2011 11:18
catnip, this is a very interesting story. Where did you pick this up from please? If true, its bearing on the Euro will be profound. We could see E/$ 1.32 very shortly.
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Mar 1, 2011 11:01
The question is whether Eur debt crisis is manageable. If it is true that Weber granted credits
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.
Gunjack
UK
Posted Anonymously
13 years ago
Mar 1, 2011 10:55
@Ignore - I read with interest your post on legalising weed and u made some valid points. But what abt the following

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
Tony G
Posted Anonymously
13 years ago
Mar 1, 2011 10:37
Jnz, I believe catnip has a very good point. There is a lot happening behind the scenes that we don't yet know. The Euro debt crisis is far from over. The Euro is way over-valued v $ in my opinion at these levels.
jnz
Posted Anonymously
13 years ago
Mar 1, 2011 10:26

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
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Mar 1, 2011 9:11
I am still investigating whether German Bundesbank is short of Eur 386 bln and hence bankrupt.
So far Weber has not resigned but was ousted.