Damn!!!
1.47
1.47
Look at the Euro
- Thread starter bond tr4der
- Start date
USD/CHF is even more unreal. 5 months of gains wiped out in 5 days! Nearly 2000 pips given up, bloody amazing..
perfect example of showing how fear is more powerful than greed
.i am swiss (home of the CHF),
there was right today a survey in the newspaper...
they asked people wether they find it good that the government plans to spend pretty much money to stimulate the economy and therefore gives up a balanced budget for the year...
most say, NO, it would be better to keep a balanced federal budget.
2nd question, what should they do in years with a positive budget.
Options: 1) cut taxes 2) pay back debt.
and a vast majority went with 2)....
just gives you an idea how an economy could be run too...
and since we have a direct democracy those ideas go directly into day-to-day politics.
would probably be a good thing for the us too... where the politicians and federal reserve are going nuts...
let the people vote wether to bail out the big 3 or not...
let them decide wether to spent massive amounts to stabilize the economy and thus devaluating the $ and get massive inflation in the not so far future...
i think, they would do better than those in power... (well, they probably couldn't have done it worse so far)
imho it would be better to have really big pain for a short period of time, than pain for decades.
btw: i think the european union isn't really any better... good not to be part of it
there was right today a survey in the newspaper...
they asked people wether they find it good that the government plans to spend pretty much money to stimulate the economy and therefore gives up a balanced budget for the year...
most say, NO, it would be better to keep a balanced federal budget.
2nd question, what should they do in years with a positive budget.
Options: 1) cut taxes 2) pay back debt.
and a vast majority went with 2)....
just gives you an idea how an economy could be run too...
and since we have a direct democracy those ideas go directly into day-to-day politics.
would probably be a good thing for the us too... where the politicians and federal reserve are going nuts...
let the people vote wether to bail out the big 3 or not...
let them decide wether to spent massive amounts to stabilize the economy and thus devaluating the $ and get massive inflation in the not so far future...
i think, they would do better than those in power... (well, they probably couldn't have done it worse so far)
imho it would be better to have really big pain for a short period of time, than pain for decades.
btw: i think the european union isn't really any better... good not to be part of it
Quote from nazzdack:
Remain calm. It's just one, big, huge sucker rally.
Maybe not. It is a move based on fundamentals. Zero interest rates in the US with increasing money supply, 2% in EU with decreasing money supply.
What disturbs me is the % increase in the EURO and CHF but not Pound Sterling or Yen.
Euro is reserve. CHF is gold-backed.
Spot Gold is 875, amidst deflationary conditions.
Smells like a ramping up.
Euro is reserve. CHF is gold-backed.
Spot Gold is 875, amidst deflationary conditions.
Smells like a ramping up.