EUARTE

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    • Wed Nov 26th 10:36 AM
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      Rating: 0 0
      Commented on:
      The Euro Bubble Is Gone. It Will Not Reflate.
      It is actually worse for the €. I assume that things will get worse in €uope. This will bring a stronger dislike for the EU in general.

      Citizens of various countries in the EU are well aware that they have little or no say in the direction of the EU - political or monetary. Remember, only Ireland, God Bless Her, was allowed to vote on the new faux constitution. There is a lot of resentment below the elites.

      When the economies get even worse in the next four quarters there will be a rush to blame. Guess who will get the blame? The EU. Next, if not first, will be the €. The German people hate it. The Italians never liked it. There will be heavy preasure for member states to get out of the €. I am not saying they will succeed but the movement will be much stronger than the elites are foreseeing.

      I am sadly proud. I predicted the demise of the € even as it was being forced down the European throat. If they are smart, they are not, the elites will either join in with the general population our find some alternative to the €. The only alternative is a return to EU as a community based on trade. They will not do this becasue of the jobs and titles the elite hold.

      Good bye €!!
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    • Wed Nov 26th 10:15 AM
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      Rating: +1 0
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      Enjoy the Strong U.S. Dollar While You Can
      Obama, like all or presidents, does not have a financial or economics background. He is hiring the dregs from the past. He is getting high praise for his choices because everyone is relieved that they are not Marxist (though he is).
      The dregs are mostly from the Clinton administration. Remember, they oversaw the tech bubble-Crazy Al-Fannie Mae-Freddie-excessivel... low interest (read foundation for housing bust). Yeah! New team by rear. Same old dregs.
      We are in for it. Devaluation will be nasty nasty.
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    • Sat Nov 22nd 08:40 AM
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      Rating: 0 -2
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      Forex Interplay: Traders Continue to Punish the U.S.
      Gold and Silver are not good havens anymore. Most people in the West are unfamiliar with it's previous history as a monetary unit. To people in the West Gold is for wearing and silver for the table.
      If you had gold or silver in hand what could you do with it? How could you get anything for it? It is just not in the culture anymore. Therefore, it has little value to the average person.
      I have no advise as to where your safe haven should be. However, I would suggest that you avoid the gold and silver (and all metal) sellers. They are sharks and just want your money and at ridiculas charges. Be warned.
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    • Fri Nov 14th 10:33 AM
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      Rating: +2 0
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      Bailouts Must Be Odious
      I think by now some people are catching on that Paulson is paying off his friends in the financial industry. Beyond that he has not a clue what to do next. This means that he laying the ground work for the one thing that will destroy the industry, Obama socialism. We then get the worst of Paulson's nightmares a depression. Be scared!
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    • Thu Nov 13th 10:15 AM
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      G-20 Summit: A New World Order?
      The sorry truth is not one member of the G-20 is going to agree to anything of substance. Countries like Brasil want hand outs even though they have large dollar and € reserves.

      In truth all the currencies are heading to zero value. None of us will like it and many will suffer but depression is the answer.
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    • Thu Nov 13th 10:04 AM
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      The G-20 Sings a Song of Sixpence
      The IMF lost any meaning for decades and is still around. Useless and best know for pasture and reward for political hacks and people needing a line on their resume.

      If every country is near broke where will this IMF get the money to shore up Iceland, Russia, etc.?

      This crisis lacks anyone who really understands what is going on and who has the following to push a solution through.
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    • Thu Nov 13th 09:50 AM
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      As U.S. Moves to Minimize Foreclosures, Could GM Go Under?
      It can not go on forever. The market must know that. Yet, it begs for another bailout. AIG and the bank bailouts are not working. Excuses like the good results just have not taken effect yet are not to be believed. If this were the truth then he would not have changed the usage of the bailout money.

      The GM bailout is a payoff to the unions pure and simple. GM can go bankrupt just like any other company and reorganize. The unions have paid the Democrat Party with donations and campaign workers. They want payback. Just more moral corruption.
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    • Thu Nov 6th 11:26 AM
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      How Will an Obama Administration Affect the Dollar?
      The world financial community must be daft to buy our notes and bonds. They must be aware they are as valuable as Tsarist Bonds. We have betrayed our trust as sellers of these instruments. Perhaps the money in the rest of the world is even more worthless? Could be (it is!)!

      The game will go on for awhile. Then the new Marxist president will start spending on a grand scale and the world will finally note that we are broke but have superior printing machines.
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    • Sun Nov 2nd 09:20 AM
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      Reverse Carry Trade Borrowing Proves Deadly
      I just do not know where to start. The United States as the lender of last resort? What a hellish idea. We are broke. The dollar is near worthless in the long term. One case comes to mind. Brasil. Brasil is overloaded with US$ and €. Why can't they use these up to shore up their banks? Some thing crazy is going on here. If some of these countries go under then let them go. The fantasy of a global economy is over. Let us clean up USA first. If we succeed then the others will follow.
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    • Fri Oct 31st 09:09 AM
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      Tug of War Between Deflation and Inflation
      My memory may be faulty but did not the Japanese suffer about ten years of no growth after to going to near 0 rates?

      As for Detroit screw it. Get the Germans in to make cars. Japanese are great but own to much of that industry. It is better to spread it around.

      In any deal there should be a big 0 for shareholders. Anyone so stupid to hold these stocks should get what irrational behaviour rewards.
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    • Wed Oct 29th 11:02 AM
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      China Wants the U.S. Dollar to Drop Dead
      Yes, the United States has been reckless in issuing debt and using USD for foreign policy ends. This can, somewhat painfully, be brought under control. Alas, this is not going to happen near term. The incoming administration of Obama is centered on Marxist economics. It may be well meaning but has an historic record of failure and no success. It also relies on dictatorship or unacceptably strong central government. If McCain gets the presidency there may be some hope in the long term. Phil Graham may be a Treasury Secretary and he does understand economics. His problem is he is a pompus ass and probably will get in the way of any progress. McCain clearly has little conceptual grasp of economics.
      So for the near term we will continue in deep economic problems. For the long term the markets will win out. However, wtih dangerous gvernment policies and ignorance on how the government could really help there is nothing to look forward to but a depression.
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    • Mon Oct 27th 09:27 AM
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      Dollar Strength: An Illusion
      You say the long term object is to trash the dollar. It is the Weimar trick to make pay back impossible because one's currency is near worthless. I tend to agree that a strong dollar is not what the present or past tresuries want.
      The problem is what happens then? I do not think I want to know. There will be no stable currency on the planet. What happens internally in the United States?
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    • Sun Oct 26th 11:06 AM
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      U.S. Dollar Reached a 2.5 Year High Friday: What Does It Mean for the Economy?
      Look guys! The American economy is 70% self consuming so to speak. We make and consume our own products. There was a time when this figure was much higher. Our salaries and general corporate income was stronger and the dollar was king.
      Then along came the preachers of a world economy. We were to believe we would be left behind unless we opened up and dealt with it.
      The result was a weak dollar, low and stagnant wages and a lowering of our economic and military defenses.
      The Socialist wanted the one world and the capitalist wanted more money. They joined hands and here we are!
      A retooled American and even some tariffs would bring us back to where we were.
      The American economy is for America first. We seem to have forgotten that. Alas, so have Obama and McCain.
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    • Fri Oct 24th 08:37 AM
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      The Rise and Rise of the U.S. Dollar
      The dollar is doing damage to other pop investments. The carry trade loved the R$. Now the only way the R$ can keep afloat is for Lula to use up dollar reserves. That is to say flood the market with his US$ dollar reserves. This is very short sighted. He does not have an endless supply and the dollar will, worldwide, keep rising for sometime. Lula will find himself with few dollars in his reserves and the much less valued R$ he was trying to avoid.
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    • Thu Oct 23rd 09:35 AM
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      Rating: +1 0
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      Three Possible Explanations for the Dollar's Strength
      The real story here is not the rise of the US$ but the slow death of the phoney €. It has no backing. It has no gold or central bank backing it. Italy hates it. The German people dispise it. The French wonder what they were thinking. It's birth was not financial but a political snub to the U.S. It has proven a tragic move for Eastern Europe. Viva il Deutchmark!
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