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Rzar, With or without the crisis, the Soeharto Era would still end. It was just a matter of time. As for Japan, The assumption or perhaps, belief, that monetary easing could stimulate economic growth failed in Japan. Instead of breaking out of recession, Japan remained in it. The...

Rzar wrote: "I doubt having one currency and having no interest rate would result in less greed or corruption since these are instinctive characteristics of human beings as Adam Smith can attest, which he learnt the hard way after experiencing a perversion of human attitudes, which by the way...

Terry, The world without interest rates system is not a good idea. How we're going to deal with inflation? How are we going to compensate the inflation rate if there's no interest rates? Sure, for those countries and people with great devotion to Islamic law (in fact there's been a lot of...

TerryL, Establishing a single world currency will not be easy. Do you think US will give up dollar hegemony just like that? If US government rejects the option of oil valuation in euro, then such dream as giving up dollar hegemony is just too far from reality. Combining different...

1. Define gambling first. 2. It would be nice, eliminating volatility risk and it surely more practical. However, I don't think that's possible for now. Even the birth of euro as a regional currency took quite some time. 3. Of course it hurts. If you're a European businessman, and selling...

You wrote that Japan and China changed their yen intervention policy. CHINA? Since when did China intervene in Japanese yen? :confused:

Come on, Saham, just don't start a fire here. Let Rezo does what he used to do. As always, winning and losing are part of the business here. Glad to have you posted again, Rezo. Haven't seen you post for quite a while. Good luck! P.S. too bad elitetrader can't display images directly...

1.5000!!! Blackguard, how long is your 'long-term expectation'? 1 month? 6 months? a year? A division within ECB, an echoing euphoria of payrolls, all point to a weaker euro and a generally stronger buck this week, and possibly next.

I believe the ECB's decision was appropriate. The cure to Euro zone economy might lie at the reforms, not on a rate cut. ECB might cut the rates, but as long as reforms are slow in progress, the effect of lower interest rates might have been nullified, thus a waste in monetary ammunition...

Market is not rational. They want to see good numbers. They've got the good numbers on Friday. Things behind the numbers might be ugly, but the market won't care. Now they're surely starting to fast-forward their 'rate-hike' expectations which they moved backwards a month ago...

ceci, are you trying to point out a potential bullish divergence on euro/usd?:confused:

Whew... Luckily I put a "probably" word there. How embarassing...:eek:

Doing shadow-talking again, Sam? Three Sams in one: GamalRuach, Sampharo, and (probably) BSAM. No offense, Sam. :p

Keep calm, gentlemen... Usually, just when you think you're absolutely right and convinced, things turn against you. Keep cautious. It's not end of March yet...

Here's a tremendous news for yen bulls, including Sam a.k.a. GamalRuach. On Monday, Nihon Keizai Shimbun reported that some central bank (BoJ) sources said that the BoJ is considering of scaling back the usd/jpy intervention after the end of March. They seem to aim other area for focus, such...

Here's your Robert RENNIE From Bloomberg: Yen May Rise "The only economy pumping out regular surprisingly good news is Japan,'' said Robert Rennie, currency strategist in Sydney at Westpac Banking Corp. "The market is being manipulated by Japan. It's driving the whole currency market.''...

GamalRuach, A letter 'from a friend', eh? :D Here's my opinion about usd/jpy... Despite recent heavy intervention in usd/jpy, the result is far from what I expected. Hey, we're still below 115.00 here! Anybody around here who remember the way back then when the BoJ heavily...

Manz66 Do you think Rezo shorted euro because of your provocation? HA! That's a laugh! I recalled that even before he shorted euro I had a chat with Rezo, and both of us saw a potential downmove of this pair. You're right, Rezo. Some things worth ignoring, but some others don't...

Manz Expertise is gained from learning from mistakes. Experts are not error-free. They reverse errors to lessons for not repeating the same mistakes again in the future. A good trader might lose at some points, but will come back later with a profit. Losing once doesn't mean a trader is...

AAAintheBeltway, I don't think it's a good idea to drain away all the Iraqi oil (it suppose to be liberating the Iraqi people, not the Iraqi oil, right?). As for cruching out the OPEC, it's not a good idea, too. Besides, HOW will the US do that? Nuke the whole Mid-East (reminds me of that WMD...