Same strategies, same results... FAIL!
doing the same thing and expecting different results is insanity...
anyway found this one in the intertubes
[ame="http://www.youtube.com/watch?v=Hi-P-pLO0vY"]YouTube - The Kingdom of Moltz by Irwin Schiff[/ame]
Damn, son! Where'd you find this?
Well Japan has been doing the same for 20 years with similar results... What makes them think this time it will work...
Anyway, EUR/USD is just flying... Nasa 1.38 handle na!
The USD is just getting beaten senseless. Even the AUD has recovered and even made money even after this mornings slide due to the RBA holding rates. Ganun ka sama ang USD right now... The CHF is testing uncharted territories right now... Oil is $82 a barrel. Commodities are rising, even stocks are rising!
EUR/USD
Brussels says currency moves could undermine revival
http://www.ft.com/cms/s/0/5cd8dc4a-d...44feabdc0.html
Europe’s fledgling economic recovery could suffer if the euro is further undercut by other currencies, the European Union’s economics chief warned, as China rebuffed fresh pleas to allow the renminbi to strengthen.
Olli Rehn , Europe’s commissioner for economic and monetary affairs, issued the warning amid growing concerns that moves by other nations to restrain their currencies in order to boost exports was taking its toll on Europe’s competitiveness.
Hahaha now they must join the currency war. If they don't join they will lose from all the devaluations that are going on. Believe me, the US will win this currency war. They have the fastest printer in town. They also have Helicopter Ben!
Feels like 2008 ain't it uls? Me and emanzano arguing the value of paper money as the Fed prints and monetizes and here we go again! GET OUT OF THE US DOLLAR!! Part 2![]()
yep
1st half 2008 all over again
falling dollar, rising commodities prices
watch out for $100 oil
a few pages back (page 29) i posted this:
Gold spot price:re gold
my prediction:
demand for physical gold will intensify in the coming weeks
but there's more paper gold out there than physical gold
what's gonna happen?
the spread between cash gold and gold futures will vanish
then spot price will become higher than futures prices
if contract holders think they can't get physical gold in the future, they'll dump futures and rush to the spot market
Gold Dec 2010 futures
![]()
How can the devaluation of the US dollar have any advantage if the Chinese yuan stubbornly refuses to appreciate? Isn't devaluation supposed to help exports but the US lost most of its export based industries years ago. Countries "losing" the currency wars don't exactly have booming economies either...
Hi Uls
What is the outlook for Australian Dollar in this week?
Thanks mate
Not necessarily against China. Its against anyone really... Against Europe, against Japan, against 3rd world currencies... The US still does export a lot of intellectual property and admittedly enough they are still very high tech compared to other countries. They don't export the cheap stuff anymore... They also export a lot of movies and music!![]()
Mons:
the Fed is devaluing the dollar not coz it wants to boost US exports (though that can be a side effect)How can the devaluation of the US dollar have any advantage if the Chinese yuan stubbornly refuses to appreciate? Isn't devaluation supposed to help exports but the US lost most of its export based industries years ago. Countries "losing" the currency wars don't exactly have booming economies either...
the Fed is devaluing the USD mainly coz it wants to create inflation
the Fed openly said inflation is too low and it is determined to fight disinflation
Last edited by uls; October 6th, 2010 at 03:35 PM.
FORD!!!!
Grabe nice move today up 2.5% with volume! At the moment 30M shares na traded and its only 10:40AM in New York. Ave, daily volume is 65M a day and trading ends 4PM pa...
Stocks are flat. NASDAQ is even down, lot of tech stocks are down. The winner today are all currencies (especially the EUR) that is not USD and commodities...