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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: pogohere who wrote (72778)4/5/2011 2:42:52 PM
From: pogohere  Read Replies (1) | Respond to of 218919
 
Ghost Towns In Spain

2:52 min

en.vidivodo.com



To: pogohere who wrote (72778)4/7/2011 2:58:17 AM
From: John Pitera  Read Replies (3) | Respond to of 218919
 
Hi Pogohere,

I have a friend who has really been focused the past 14 months on trading the EUR/USD. I've been working at explaining to him that both are sinking ships going down together.. The Swiss Central Bank stop intervening after several years about 4-5 months ago as they understand that they just have to let their currency appreciate, against the USD and the EUR. The AUD/USD and the CAD/USD have been two other currency majors that have been trending higher versus the USD and the EuroCurrency.

We have several huge emerging currencies that are going to alter the playing field for the Best of Breed Platforms such a DBFX, The Yuan, the Indian currency and the Brazilian currency will be big time players and trading options as we move forward.

Japan, Britain, the US and The Eurozone all have extremely severe issues as to why there currencies should not depreciate wildly again some of the above currencies. I'm pleased to have been telling people to climb aboard the Gold and Silver and Commodity bandwagon since 1999 and 2000 and I may get around to sticking a number of my links that have advocated the consistency of my investment posture for over a decade.

(of course as Bud Fox was told in the first Wall Street movie, in 1987.... Bud, we are all just one trade away from humility.)

John



To: pogohere who wrote (72778)4/7/2011 11:36:59 PM
From: pogohere  Respond to of 218919
 
Portugal ‘Gets the Begging Bowl Out’, ECB Hikes Rates


April 7th, 2011

[excerpted]

In this context it is interesting to note that the ECB has put enormous pressure on Ireland to agree to continue to go forward with its 'no bank bondholder left behind' program of socializing the vast losses of Ireland's banking system. One wonders why the ECB is so insistent on this point and the only conclusions that make sense are that the ECB is itself holding such bonds as collateral; that it fears that the unsecured loans extended by the Central Bank of Ireland to Ireland's banks may not get paid back; and that it fears it will have to jump into the breach again and rescue all the other banks in the euro area that are holding such bonds. This would once again serve to grow the pile of toxic assets sitting on the ECB's own balance sheet. The ECB doesn't want to have to 'print away' the toxic debt – it would rather see the euro area's tax cows pay up with money that they must actually earn. We think one can fairly confidently predict that this plan will ultimately not fly. The reason: the debtberg is simply too big. Ireland, Greece and Portugal can not pay, and the rest of the EU doesn't want to pay. It's as simple as that.

acting-man.com