I bought for the 3d time here - sold 5 points higher
in the same time I dumped twice today 1385 for 10 and 12 points profits
It's interesting how soon it will be able to penetrate lower
yes, to start it's fine
although I think only those must be allowed to trade commodites who can accept delivery and buy not more than they have proven storage
and so there is simple and clear solution - you must not trade on margin at all - all comodities trading must be 100% cash based
it would be interesting to see oil 50% down in one day
European Central Bank injected an unprecedented $500 billion into the banking system
http://www.bloomberg.com/apps/news?pid=20601087&sid=abY98bxmZTOU&refer=home
I guess in couple of months they will start injecting trillions every day
No sense to work from now. All money will be...
Daal there is no credit crunch. If you asked to pay a little more interest it doesn't mean it's a credit crunch
And credit contraction is good when credit is 50 times more than M3 and when inflation is 7.2% yoy and 3.2 mom officially
who said you that?
you just don't know what real inflation is
I've been in Ukraine when the had 100% inflation
GDP decreased 25% each year for several years. In 10 years they had less than 10% of their GDP prior to hyperinflation phase
You can imagine what happened to the life quility...
that's not a crunch - they just pay 1% premium because of risk
ECB can't just flood money as Fed does because it doesn't help but just increases inflation
And see what now - credit crunch as you said persists and PPI inflation 7.2% yoy
3.2% mom
So is it really time for cuts?
inflation is 3% in Eurozone - highest in decades
and the main task that ECB has is price stability
so why in the hell they should lower rates?
to save US thief banks?
don't be a fool. US is just 300 mil and the world is almost 7 bil people.
US GDP share in the world GDP probably halved in the last 5 years in nominal dollars.
China will find where to sell their goods.
US consumerism is not sustainable at current levels and everybody knows it -
You say the same bullshit for a year.
How Fed is not responsible for energy costs?
They must restrict money supply and allow $ to appreciate through rate hikes to curb foreign demand
Greenspan did what you suggest five years ago and now we're here
It would be a disaster to have such...
Fed ffunds futures are up today
and according to CBOT they had 42% probability of 50 bp cut yeasterday
http://www.cbot.com/cbot/pub/cont_detail/0,3206,991+23425,00.html
so market currently prices 100% chance 25 bp cut within a week