World economy talk

[tidus1203]

Kaya nga eh... How the hell could losing jobs mean lower unemployment rate? BS talaga how Uncle Sam counts unemployment... These people who gave up looking for work still won't make money and still won't help the economy... Aasa na lang sila sa unemployment benefits... More trouble for Uncle Sam's finances...

[uls]

there's more

http://www.bls.gov/news.release/empsit.t19.htm

average hourly earnings $22.53 in June, in May $22.55

average weekly earnings $768.27 in June, in May $771.21

wage deflation dude

[tidus1203]

Yeah even though supposedly productivity is up, wage is down! That's called deflation!

[uls]

EUR/USD

[tidus1203]

Maybe time to get out of the EUR if you want to get out... This is a rally, not a reversal. You know why? I said it before and I will say it again. KASI MABILIS!

[uls]

bilis nga

testing last week's high

[tidus1203]

EUR doing 1.2622 right now...

[uls]

i saw his post

baket nawala?

anyway, European bank regulators to conduct stress test on banks

ganito daw:

ForexLive hears from reliable sources that regulators will walk into each banks’ vault, shout “B00!”, and if the bank is still standing, will declare the test a success.

[pup2]

Kaya nga eh... How the hell could losing jobs mean lower unemployment rate? BS talaga how Uncle Sam counts unemployment... These people who gave up looking for work still won't make money and still won't help the economy... Aasa na lang sila sa unemployment benefits... More trouble for Uncle Sam's finances...

I agree. Apparently, this is more the cost of unemployment checks rather than unemployment talaga (Im presuming of course, that that's how they count but feel free to correct me) ...

Pero mas crazy tayo ... wala naman tayo unemployment payout pero ginaya natin ang definition ... doctorate degree?

[tidus1203]

I agree. Apparently, this is more the cost of unemployment checks rather than unemployment talaga (Im presuming of course, that that's how they count but feel free to correct me) ...

Pero mas crazy tayo ... wala naman tayo unemployment payout pero ginaya natin ang definition ... doctorate degree?

Ginawa yan ng government para mag muka silang mabango. Unemployment is a sensitive topic and has been known to topple Presidents and the party in power.

By the way nice one Gen. Miting for impersonating me!

[tidus1203]

Heard on CNBC that some European banks are selling their gold reserves to raise cash... Difficult times ahead. I am still bullish in GOLD, there is just no way it will go down with the things going on around us...



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MODERATOR'S NOTE:

Continuation of this thread can be found at:

http://tsikot.yehey.com/forums/showthread.php?t=72656

[uls]

European banks are in bad shape

they're all highly dependent on the ECB now

they'll collapse without the help of the ECB



-------------------------------------


MODERATOR'S NOTE:

Original thread can be found at:

http://tsikot.yehey.com/forums/showt...47471&page=240

[tidus1203]

The ECB has only one weapon just like the Fed. A PRINTING PRESS. I hope its just as fast as the Feds, maybe they should ask the Fed to let them borrow theirs. Kaso it only prints USD!

[uls]

the USD catches a bid

USD index


euro falls below 1.26

EUR/USD

[uls]

The ECB has only one weapon just like the Fed. A PRINTING PRESS. I hope its just as fast as the Feds, maybe they should ask the Fed to let them borrow theirs. Kaso it only prints USD!

yep

that's what the ECB is doing

printing money to buy sovereign debt from the banks

bailing out the banks

[leonleon]

Heard on CNBC that some European banks are selling their gold reserves to raise cash... Difficult times ahead. I am still bullish in GOLD, there is just no way it will go down with the things going on around us...

Is that the reason it's down approx USD 55/oz from it's all time high?

http://www.reuters.com/article/idUSTRE65E5NH20100707

[tidus1203]

^^Market movements are very fluidic. If you go up so much, you need to go down to so the people who made money can take their profits. New people who want to ride in and buy will push it again higher... In trading, that is what you call a "CORRECTION". Nothing new, ma pa currencies pa yan or stocks... Ang importante dyan yung trend, gold is on a very solid uptrend and the way it moved up this past year is very orderly and does not show bubble like movements...

[uls]

the fear is -- if EU countries default on their debt, the banks holding the debt will suffer massive losses and could collapse

so EU bank regulators will conduct stress tests on the banks to see if they can survive adverse scenarios

but the stress tests will NOT include a sovereign default scenario

coz the EU says it will not allow anyone to default

hahaha

amazing

EU Bank Stress Tests To Cover Debt Crisis,Not Sov Deflt:Press
http://imarketnews.com/?q=node/16076

FRANKFURT (MNI) - Planned stress tests for European banks will cover their resistance to a crisis in the market for European sovereign debt, but not the scenario of a default of a Eurozone state since the EU would not allow such an occurrence, a German newspaper reported Wednesday.

"In the planned stress tests, European banks will also be tested for their resilience toward a crisis on the market for European government bonds," German weekly Die Zeit wrote without identifying its sources.

"It is not envisioned, however, to test the consequences of an insolvency of a Eurozone state," the paper said. "The reason is that the EU does not want to allow a sovereign default and has therefore specifically set up a rescue fund," the paper added.

The consequences of a downturn of economic activity on banks and their lending will, however, be tested, the article said. Were a bank's percentage of own capital to fall below 6% in the tests, it would then need to show how it would obtain fresh capital, the article said.

joke lang ba yan?

[tidus1203]

Will not allow EU state to default??

Di ko na lang what those EURO paper might be worth??

[tidus1203]

My stock pick for the week... Apple, Inc.



Prices are congesting inside what appears to be an ASCENDING TRIANGLE. You could buy now basta cut out na if bumagsak below $238. Upisde target of $320 with time frame of 3 months... The red circle is the FLASH CRASH!