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  #1  
Old 09-27-2011, 02:49 PM
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Trader on the BBC says Eurozone Market will crash

Are you prepared?

Trader on the BBC says Eurozone Market will crash - YouTube
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  #2  
Old 09-27-2011, 03:39 PM
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I was, am and will be...as best I can: my 'cash' to 'equities' ratio has been ~75/25 since I smelled the burning toast back in late 2007. Not clairvoyant, just lucky, pay attention, and read my skinny azz off, econ/biz-wise.

My gold buying, both std 'coins' and numismatic variety, over the past 5 years hasn't hurt either. ;>)

Not sure I agree or disagree with that clip, (he is simply one of several thousand with an opin), but there really isn't much any of us can do to really 'prepare', imo...
The younger gang here, with jobs, should be glad to have a job, and save like freakin squirrels, and the few of us RetiredBums are simply hanging on, trying to stem the erosion in our portfolios and nest eggs.

I remember the halcyon days of the Euro/EZ in its infancy, as I was VP of Strawberries, (both fresh & frozen), for a smallish co. ($~200+Mil in sales), of which we derived 60% of sales from 'outside the US', then. The hallways were buzzing with euro fever back then, and the CEO & CFO were working weekends to fiddle with our pegged exchange rate(s), and cost of goods transfer rates...

That old euro fever has evolved into a serious, chronic, could be fatal condition, a decade and a half later. But, the EZ is, in it's simplest, just a smaller,and less centrally regulated version of the world wide 'spending' without the dough or goods, or commonly verifiable collateral to back up that 'spending'.

Back to ThatTrader. Many will feel that he is the epitome of what the 'mkt' has become: simply a complex game manipulated so the smarter,luckier, faster bettor can make some dough on paper, vs the other guys, and the poor retail investor. It seems to me that no one on any biz talk show says anything without a motive...at least that guy admits it.

Not sure I have any advice, but the US Buck isn't really 'going anywhere', it is still The coin of the realm, and cash/cash equivalents, while offering very little in terms of 'gain', is not a bad place to be, for the past few years, and selectively for the foreseeable future.

My 50Cts, from the back of the 3M sticky note.
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Last edited by motordavid; 09-27-2011 at 08:52 PM.
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  #3  
Old 09-27-2011, 11:25 PM
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Quote:
Originally Posted by Quicksilver View Post
Are you prepared?
Stopping in Europe on way back to CONUS from shithole third world country very soon, will be happy to not pay $20 for a royale with cheese.
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Old 09-27-2011, 11:46 PM
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I have to agree with this guy on the fact that anyone can make money in a down market.

Options trading, shorting, etc. All examples of ways to hedge risk (or gain risk for more reward). Honestly, don't think it'd be a bad idea to go out and buy some options right now to hedge risk.

10 year t-bonds are yielding 1.7%. This is craziness. Sure, a safe investment. A profitable one? Hell no, inflation will outweigh any gains from that. So can anyone say a negative real rate of interest? Yikes.

I'm slowly but surely learning more about this guys.. Pursuing my career in investment banking.
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Old 09-28-2011, 10:26 AM
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Even Angela secretly wants the Euro to tank. More money for the majority of goods that Germany exports.
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Old 10-04-2011, 07:34 AM
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I am SO sick of hearing about Greece! IT IS NOT A MAJOR ECONOMY. It should not 'bring down' the Euro or the European economy! It's like saying Rhode Island is in trouble so the entire USA is going to crash and burn. California maybe, Rhode Island no way.

Germany is the California of Europe, and they have been doing well for a while. They can't find enough automotive workers, so they import them from Turkey!
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Old 11-03-2011, 10:09 PM
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That's great news for those of us who want to take a holiday in the EU but have been getting hit by the exchange rate. Helps exporters too like Germany.

That is bad news for the €98,70 that I still have, though.
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Old 11-04-2011, 07:25 AM
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I have 600 pesos in my wallet...

And 30 euro. Which is worth more today?

The rise and fall of the 5th Roman empire. Which will lead to a one-world currency?
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Old 11-07-2011, 09:03 PM
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Quote:
Originally Posted by Viperfreak2 View Post
I am SO sick of hearing about Greece! IT IS NOT A MAJOR ECONOMY. It should not 'bring down' the Euro or the European economy! It's like saying Rhode Island is in trouble so the entire USA is going to crash and burn. California maybe, Rhode Island no way.

Germany is the California of Europe, and they have been doing well for a while. They can't find enough automotive workers, so they import them from Turkey!
Why does Europe — indeed, the world — care so much about Greece’s debts?

One of the perceived perks when Europe got together on a single currency (Greeks, for instance, gave up the drachma for the euro) was that a strong Europe could prop up an individual state in a time of need. But what’s happened is that Europe itself has become too weak, in the aftermath of the global financial meltdown, to bite the bullet on a country like Greece. A default would shatter otherwise monetarily strong countries like Germany. The Germans, like the Americans, would be left with a host of “too big to fail” banks ready to do just that.

Greek Debt Crisis for Dummies
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Old 11-07-2011, 10:00 PM
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Well, it's world news because everyone is on the sidelines to see whether the experiment called the Eurozone will pass its greatest fiscal challenge since its inception. With so many diverse countries, it's interesting to see how/if they can all co-operate or if someone gets booted out.

Remember, the US as we know it had its test back in 1860 called the Civil War.
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