I have let go of all my EUR just to be safe I no longer hold any of that currency kasi very unpredictable yung politics nyan eh. Fortunately di naman masyado bumagsak ng todo ang EUR so fair pa rin ang price...
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Wheelin and Dealin'
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August 26th, 2011 01:03 PM #5901
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August 26th, 2011 01:18 PM #5902the ECB will keep supporting the banks until the EFSF gets more money
Originally Posted by Ry_Tower
for now the EFSF has 440 billion euros which isnt enough to bail out the PIIGS. the EFSF needs around 1.5 trillion euros. eurozone politicians have to agree to that first. good luck with that
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August 26th, 2011 01:30 PM #5903the euro is strong parin coz of interest rates. Fed interest 0-0.25%. ECB interest above 1% Originally Posted by tidus1203
also diversification
trade surplus countries have been reducing dollar holdings -- increasing euro holdings
pansin mo whenever the euro falls near 1.40 there's always some big buyer coming in
sabi Asian central bank daw. very likely China
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Wheelin and Dealin'
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August 26th, 2011 11:03 PM #5904Bernanke does not mention of any form of QE in his Jackson Hole speech. Remember in last years Jackson Hole speech that is where he mentioned QE2 which rocketed the stock market. No cigar this year, as a result equity markets increase losses...
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August 26th, 2011 11:26 PM #5905short selling ban in other eurozone countries?
no problem. take it out on Germany
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August 27th, 2011 05:45 PM #5906how to discourage people from holding Swiss franc
charge a fee on deposits
UBS Weighs Fee on Franc Deposits - WSJ.com
ZURICH—In a sign of mounting tension caused by the strong Swiss franc, UBS AG said it may begin levying a temporary charge on Swiss franc deposits as a way of encouraging other banks to limit the cash they keep in the surging currency.
On Friday, UBS notified other lenders that bank with the Swiss group that, in light of strong inflows of cash deposits held in Swiss francs, it "might have to take corrective action, within the next few days, by means of a temporary excess balance fee." UBS declined to comment further on the notice.
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Moderator
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August 27th, 2011 06:23 PM #5907For me parang mali ito ah. Kasalanan ba nila na ito yung currency na nasa-save nila? What gives? Originally Posted by uls
how to discourage people from holding Swiss franc
charge a fee on deposits
UBS Weighs Fee on Franc Deposits - WSJ.com
Fasten your seatbelt! Or else...
Driven To Thrill!
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August 27th, 2011 06:59 PM #5908the strong franc is hurting Switzerland exporters Originally Posted by Ry_Tower
the SNB is trying to weaken the franc
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Social Dementia
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August 28th, 2011 10:30 AM #5909Cash Gold Extends Biggest Drop Since February 2010 as CME Raises Margins - Bloomberg
Spot gold declined, extending its biggest plunge since February 2010, after CME Group Inc. increased margins on trading at its Comex unit for the second time this month.
The minimum cash deposit for borrowing from brokers to trade futures will jump 27 percent to $9,450 per 100-ounce contract in the speculative Tier 1 category at the close of trading today, CME said. On Aug. 11, the increase was 22 percent to $7,425. The cost of one contract after yesterday’s close was $175,730. The maintenance margin increases to $7,000 from $5,500.
On Aug. 16, Wells Fargo & Co. said in a report that rising speculative demand from investors had pushed the market into a “bubble that is poised to burst.”
“This is liquidation from a crowded trade,” Adam Klopfenstein, a senior market strategist at MF Global Holdings Ltd. in Chicago, said in a telephone interview. “In the short run, there’s more optimism and that doesn’t bode well for gold. Investors have been using gold more as a fear barometer than a proxy for inflation.”
The decline may be a buying opportunity to some investors, said James Dailey, who manages $200 million at TEAM Financial Management in Harrisburg, Pennsylvania.
“A lot of traders and investors who are long-term bullish on gold sold out hoping for a correction because of how much it went up,” said Dailey. “The drivers remain intact. The toughest thing to do is stay invested during the various parabolas and sit through the corrections.”
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Wheelin and Dealin'
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August 29th, 2011 06:08 PM #5910Gold back up $1800/oz... Damn ang bilis ng correction I was hoping it would last longer so it would give us more time to accumulate...
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Wheelin and Dealin'
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August 29th, 2011 06:38 PM #5911Yoshihiko Noda becomes Japan's new PM... He was the Minister of Finance under Naoto Kan...
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Wheelin and Dealin'
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September 1st, 2011 07:54 AM #5914Pero ang PHL government walang balak harangan ang PLDT-DGTL merger hehehe Originally Posted by uls
USG to block AT&T T-Mobile deal
Smart USG, this deal could corner the market so dapat talaga pigilan. Its not like they have a lot of carriers...
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September 1st, 2011 12:20 PM #5915Monopoly Tycoon anyone? ganun talaga! short sighted ang PHL govt! kaya nga yun power industry na-corner ang mga consumers.... Originally Posted by tidus1203
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September 1st, 2011 04:02 PM #5916cool CNBC video
re GLD gold holdings
Gold Rush: The Mother Lode - CNBC
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Ignore
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September 2nd, 2011 12:37 AM #5918Monopolies only exist if: Originally Posted by badsekktor
1. Government backs it up(regulation, shares, politics, patents)
2. The service/product is competitive enough and the consumers like the quality and price
Under a free market,
1. Acquisition of other companies will put you at a disadvantage in terms of pricing since you have to make up for the money spent getting that company. Result, either you raise the price or lower the quality(example: Mang Inasal was bland. It became worse when it was acquired by Jolibee.)
2. Suppose a company was able to establish "monopoly" through cut throat prices and suddenly decides to raise his charge for the goods/services. That "monopoly" won't last long since a competitor will arise from the demand and should be able to price his goods lower.Damn, son! Where'd you find this?
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September 2nd, 2011 11:05 AM #5919eurozone economy clearly slowing down
^^
above 50 is expansion, below 50 is contraction
so what's next?
expect ECB rate cut
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Reply With Quote
Originally Posted by Ry_Tower
