[Archive!] FOREX - Trends, Forecasts and Consequences (Episode 6: August 2011) - page 88
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Italy has racked up so much debt that there is a good chance the country will default.
yep
Evgeny Romanov 06.08.2011
Dollar, vivat. I'll take that risk. We shall see. It jumped up too much on Friday to fall even more. Nope. The market will go despite the S&P. And you know why? Not just why. And if the agency did shake out, the market will continue to shake the trees even harder. And they'll say - it's the extraS&P that scared us. Just an excuse. An excuse to sell risk. Sell hard. The time is right - August. All the big shit in the last ten years starts at that time. And even 9/11 around that time. I remember the dollar was around 31 roubles on New Year's Eve. Until August it was hovering around 28-27. Now it might shoot up above 31-32. And you want me, having endured all this optimistic drag, to quit the dollar at the most interesting point? Out of principle, I won't go. Drinking tea. Heh heh heh.
J.C.Trichet decided to rush his colleagues after Italian Prime Minister Silvio Berlusconi announced on 5 August 2011 that the Italian authorities would reduce the budget deficit to zero by 2013 instead of 2014 as previously planned.
I was born early :)
Is that what you're talking about?
What makes me poor? Why am I sick?
Why do I bow my head?
Because I'm fat, day in, day out.
¶¶ I can't get my money in the market ¶¶
I'll buy a dollar and put it in my account,
Maybe it'll go up a lot overnight.
Good Ben Bernanke, be like a father to us,
# Don't say the dollar's a dead cert... #
♪ I don't go in for derivatives and ♪
Futures and spot futures, God forgive me...
But I'd like to get forty percent,
To face old age and sickness with.
But all in these gloomy years
Profits and interest melt away without a trace.
Gladness and pestilence will come. The sun won't come up,
The sun won't come up and the dollar will be gone...
But I don't betray my old love,
My green dollar sings of you,
I'll lay out my cards, I'll lay out my fate,
I can smell the wars of currency!
"The Euro is the promise of evil whiners.
And they give loans in Euros to everyone,
And in the East, rising in the early hours,
You can see the yuan squinting badly...
The dollar is green and the ruble is twitching,
What does fortune have in store for us - profit or loss?
On the road to happiness - I see... Holy, holy, holy...
The minuses in the percentages with scythes!
The stock exchanges are stagnant, the IMF is silent,
Only in the tightness of the chest the heart beats.
The turnips are growing, the rye is sprouting...
The dollar, my green one, why don't you grow?
Unrequited love is scary...
But to those to whom all the world is but a stock exchange. Fighting
For now I will stick with this unclosed channel on the breakout levels and the pullback on the fractals for entry.
Unrequited love is scary...
But to those to whom all the world is but a stock exchange. Fighting
Forgiven.
I don't follow him...