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Updated January 3, 2016
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February 11th, 2015, 12:22 PM
Madrid - Spain
Experience: Advanced
Platform: Own (more or less)
Trading: S&P500, FDAX, €/$, CL, etc.
Posts: 141 since May 2014
Thanks Given: 1,647
Thanks Received: 121
puma
@
Wikmar
I am replying here to your post, because I dont know if they want this in the SP500 thread.
I can sum-up my point as: "Europe needs to get out of the Euro for Europe's sake."
There was a Europe before 2000 (before the Euro).
There was a common market, harmonized/low trade barriers.
There was peaceful collaboration.
Now, with & because of the EURO you have 50%+ youth unemployment in Spain/Italy/Greece
besides many other ills.
That is mental! They have every right to burn down the house - and they will.
A common currency forces common tax/fiscal system (meaning: shared debt under the same tax laws).
There is NO popular majority for this - anywhere in Europe (all (of the few allowed) ballots showed this).
One can summarize the EU policies of the last 3 years as salami tactics to sneak this shared debt in - via
backdoors & misnaming.
A common currency forces common economic policies. "One ring to rule them all
".
The ultimate central planing. The EUDSSR.
Of course this totally ignores any local unique characteristics:
e.g strong family business structure in Italy
or the deep rooted mistrust for government in Greece - probably going back to the conflict with Turkey or the 70ies
Dont think for a second, the economic malaise is your counties fault. Be proud of your nation (or local state).
This makes me -want to punch a Eurocrat - I dont see one right now.
If you look at a high resolution map of per capita productivity in Europe,you will see,
that Germany is incapable to lift its own underdeveloped east
- this situation persists for 25 years !
Europe needs to get out of the Euro for Europe's sake.
Mainly agree with you, @puma . In few words, UE has been very very bad calved, mainly because of many many interests among what it was not the citizens interest.
It is a destructive situation, and the worst is that the final fault becomes from the citizens, who have been accepting some candy poisoned, doesn't knowing what to do / choose.
Kind regards from the black hole.
February 13th, 2015, 08:48 AM
Posts: 929 since Oct 2012
Thanks Given: 684
Thanks Received: 897
Ha! What a headline that would be. lol
February 13th, 2015, 04:05 PM
Prospect, KY. USA
Experience: None
Platform: Sierra Chart
Broker: Infinity
Trading: /CL
Posts: 687 since Jan 2012
Thanks Given: 309
Thanks Received: 617
I voted never only because it would signal the failure of the grand plan by the Man, then possibly you would have "pile on the rabbit."
From today
-Bill
@Big Mike , dig (dog) the avatar
About three years ago my wife wanted a dog so we went to the shelter and got what we were told was a Beagle Pug mix. Well it turned out that we have a Foxhound which is in the American Beagle family and unless you hunt they are not that "common." She's a treat for sure.
February 14th, 2015, 08:49 PM
Dallas, TX
Experience: Intermediate
Platform: NinjaTrader8
Trading: ES, CL
Posts: 183 since Mar 2012
Thanks Given: 1
Thanks Received: 411
If Italy attacked Turkey from the rear would Greece help?
February 15th, 2015, 08:25 AM
zurich
Experience: Advanced
Platform: Sierra ahRrrr CQG ...
Trading: Bund, ES, ...
Posts: 964 since Aug 2010
Thanks Given: 7,273
Thanks Received: 1,507
words like "never" and timing in gerneral
are a tricky issue in europe.
Hitler's "Thousand-Year Reich"
-> lasted 15 years
Erich Honecker (last "supreme leader" GDR)
1989-01-19:
„The Berlin wall will continue to exist in 50 years, and even in 100 years ..."
---> gone after 9 months
Mario Draghi, Naples, 2 October 2014
"... the euro is irreversible."
---> ...
February 16th, 2015, 02:02 PM
Prospect, KY. USA
Experience: None
Platform: Sierra Chart
Broker: Infinity
Trading: /CL
Posts: 687 since Jan 2012
Thanks Given: 309
Thanks Received: 617
At roughly 1300ET today
Quoting
Live Squawk @livesquawk 55m55 minutes ago
EU's Dombrovskis Says Now Up To
Greeks To Decide If They Request An Extension Of Bailout; Will Meet With Greece When They Are Ready
-Bill
February 20th, 2015, 02:21 PM
Prospect, KY. USA
Experience: None
Platform: Sierra Chart
Broker: Infinity
Trading: /CL
Posts: 687 since Jan 2012
Thanks Given: 309
Thanks Received: 617
Greece gets a four month extension
-Bill_M
February 20th, 2015, 02:23 PM
Nicosia, Cyprus
Posts: 191 since Dec 2013
Thanks Given: 28
Thanks Received: 106
WilleeMac
Greece gets a four month extension
-Bill_M
I believe it won't help at all. Just extend and pretend once again... Are capital controls attached to the extension?
February 20th, 2015, 02:29 PM
zurich
Experience: Advanced
Platform: Sierra ahRrrr CQG ...
Trading: Bund, ES, ...
Posts: 964 since Aug 2010
Thanks Given: 7,273
Thanks Received: 1,507
Alphachase
I believe it won't help at all. Just extend and pretend once again...
agree @Alphachase
the perverse thing is, even a finalized deal will do very little for Greek's economy or citizen, IHO
only to postpone the unavoidable
February 20th, 2015, 02:34 PM
Prospect, KY. USA
Experience: None
Platform: Sierra Chart
Broker: Infinity
Trading: /CL
Posts: 687 since Jan 2012
Thanks Given: 309
Thanks Received: 617
puma
agree @
Alphachase
the perverse thing is, even a finalized deal will do very little for Greek's economy or citizen, IHO
only to postpone the unavoidable
They don't want to be outdone by the clowns on this side of the pond or are they trying to keep up with US
I'm so confused
-Bill
Last Updated on January 3, 2016