For day-traders it's probably great, but for positon traders the intra-day whipsaws don't help the stop loss position trades.
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Why this is just a panic, not a meltdown
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Quote from Trendytrader:
I'm taking the Swiss approach to the current market war.....I'm neutral and watching from the sidelines happy to hold money in the bank.
If what everyone is saying is correct, your supposedly "safe" position of holding money in the bank is probably the most riskiest since either/or both your money is going to be seriously devalued or the bank isn't going to be around to grant your withdraw request. What countries was it were it took a whole wheel barrel worth of money to buy some bread?
Germany Weimar Republic by printing tons of money....
When China comes calling that's what they will be receiving in return. $USD must devalue to be able to pay back the loans. C
China doesn't need to devalue the US does.
China doesn't need to devalue the US does.
Sigh,
Nothing more than a repeat of 1997, just different variables.
Nothing more than a repeat of 1997, just different variables.