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

EUR

Discuss EUR in this thread
 
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DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jan 28, 2011 11:57
I agree with Boli re the US. They need to start producing "value" to take up massive spare capacity. They need to address their massive debt built up over many years. They need to stop going to church and learn about the meaning of truth, then they can go back to church. Trying to fiddle their way out of massive overexpenditure probems by fiddling with currency aint no long term solution. The american dream needs to be put on the shelf. They need to go on a diet, etc etc etc.
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Jan 28, 2011 11:52
Quingu is correct imo. I cannot get it that a nation of 1.3 bln people with nat ressources agrable land and so on still depends to such a high degree on exports. In fact govt and PBOC blew up a huge credit fueled bubble .
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jan 28, 2011 11:50
I am still long euraud with stop trailed to 3640. Looking for 1.3974 ish
said
mulhouse, France
Posts: 2822
13 years ago
Jan 28, 2011 11:46
boli
u might be right
but u put the beef before the charette.
excellent explanation
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Jan 28, 2011 11:41
tp euraud short @1379
Boli Mekura
Guam
Posted Anonymously
13 years ago
Jan 28, 2011 11:32
@Qingyu

Exactly, another reason why a "crisis" is not so bad. Recent examples are Tunisia and possiblye Egypt down the road. Possibly China will experience similar change down the road (after the failed Tiananmen Sq attempt). Iranian also tried but without success.
So in summary a crisis is not so bad thing.
GL.
Qingyu
manchester, UK
Posts: 1763
13 years ago
Jan 28, 2011 11:19
boli, i thought chinese government will change by this crisis. i love china, but not the government, i hate them all.
Boli Mekura
Guam
Posted Anonymously
13 years ago
Jan 28, 2011 10:57
In the case of China a "crisis" here will be not so bad. And after it they will be able to grow again at a fast pace.
Boli Mekura
Guam
Posted Anonymously
13 years ago
Jan 28, 2011 10:54
@Qingyu

It is quite normal an economy to experience pullbacks (some call it crisis). It is not normal the central bank or the government to try to eliminate the cycle (flatten the cycle) and achieve permanent growth because this eliminates the stimulus among the economic agents to utilize the scarce economic resources in the best possible way.

In other words, it is healthy for an economy to experience some sort of pullbacks (crisis) from time to time to release the "strains" in the economy becuse otherwise the strain is accumulating and releases in full fledged crisis (or recession) at a later stage.
Qingyu
manchester, UK
Posts: 1763
13 years ago
Jan 28, 2011 10:16
if everything goes well, china may survive from this crisis.
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