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

To: TobagoJack who wrote (76281)	7/12/2011 8:51:56 AM
From: elmatador	Respond to of 219816

June 19th: Belgium and Italy could be forced to seek a bailout even sooner than Spain. Message 27443333 was anybody reading it?

To: TobagoJack who wrote (76281)	7/12/2011 8:52:51 AM
From: elmatador	1 Recommendation Respond to of 219816

Double standards flying right in our face. If it was LATAM or S.E. Asia were the US or Europe they would be trashed long time. ago. They were pretending the problem was only the minnows of Eastern Europe, Iceland Ireland. They were quietly hiding that there were bigger countries with bigger problems. That was achieved by parading Greece and Portuguese for the popular press. Until te carpet started being lifted. And there is Italy. We need to look to Austria, Belgium, leave no stone unturned! and then the big fish the UK will come to the fore...

To: TobagoJack who wrote (76281)	7/12/2011 10:38:53 AM
From: carranza2	Read Replies (2) \| Respond to of 219816

Much there to consider. I suppose the most salient point is that every country wants to beggar its neighbor in order to obtain competitive advantage via cheaper currencies. The German banks might take a hit, but the German exporters are undoubtedly salivating at the prospect of the Greco-Mediterraneo-Gaelic wastrels keeping the Euro down. Of course, they don't want them outside the fold. But it is a game that cannot last for it creates inflation and false prosperity and serial bubbles which serially burst, as we have seen in the last 3 years and are currently seeing. Plus, it's a game that creates a dissolute society, one that makes its profits from paper, not from production and the wise use of capital. Capital itself is mal-allocated in this beggar thy neighbor scheme. Subprime was a prime example. The commodity currencies will (and have) done very well. And, of course, the commodities will do very well, too, as demand for them surges.