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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: ggersh who wrote (16487)	1/20/2009 11:47:49 PM
From: maceng2	Read Replies (1) \| Respond to of 71454

The English will revolt before giving up the Pound..... Not me -g- It's only f**ks like Murdoch putting rubbish in the gutter newspapers that starts stuff like that. If UK residents knew they were better off without the pound they would drop it in an instant. At the moment, the BOE will have to prove it has a purpose. i.e it will not just put us into deeper doo doo then having the euro. A point yet to be proven. Is this a sensible way ahead or just more crapola? ===================================================== In conducting asset-purchase operations under its new facility, the bank needs to choose the markets that it intervenes in extremely carefully, Mr. King said. "There is a fine dividing line between helping to oil the wheels in markets which are temporarily impaired, and artificially supporting markets in which there is no underlying demand," Mr. King said. ===================================================== BOE Chief Says Bank Is Set to Lift Money Supply online.wsj.com

To: ggersh who wrote (16487)	1/21/2009 5:58:07 AM
From: RockyBalboa	Read Replies (1) \| Respond to of 71454

Even if they complain - they still sell it for the euro... the vast GBP/EUR trade is roaring back and it has legs. The ECB added fuel by advertising that it does not intend to cut EUR rates to zero. GBP/EUR already traded 98c and we are in shouting distance again. EUR one of the few currencies being green today. I need to get used of the new lower 1.30 prices of the pound... still not finished. Looks like we rallye today but for me it still feels like walking on a minefield. IBM, Ericsson (+15% on lower profits, job cuts) - some are decently up.