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Realistbear

Manufacturing Collapsing In E Z As Confidence Rises

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http://uk.finance.yahoo.com/news/euro-zone-pmis-show-slowing-growth-rising-optimism-poll-reuters_molt-f9ed84a569a5.html?x=0

Euro zone PMIs show slowing growth, rising optimism - poll
Buzz up! 0 Print..Topics:EuropeCurrenciesEconomic news.Jonathan Cable, 9:36, Thursday 23 September 2010
LONDON (Reuters) - The pace of growth in the euro zone's services and manufacturing sectors
slowed much more than expected
this month, but surveys published on Thursday showed businesses were
more optimistic about the future
.

I am reaching the conclusion that all these "optimism" surveys are based on denial syndromes. While all around you is collapsing you hold onto the hope that it isn't true or somehow will not happen as the future is too terrible to face.

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Ouch news just in interest on new Portuguese 10 year bonds now 6.2% up from 5.3% last month. The bad news just keeps coming for the Eurozone and yet the Euro is surging against both the dollar and the pound - makes no sense to me. :blink:

Ouch more band news which came as a shock to analysts (who the ****** are these people) Ireland's GDP figures are atrocious. No wonder their PM was drunk on air (allegedly) the other night. He must now what's coming.

Edited by EvilEdna

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Ouch news just in interest on new Portuguese 10 year bonds now 6.2% up from 5.3% last month. The bad news just keeps coming for the Eurozone and yet the Euro is surging against both the dollar and the pound - makes no sense to me. :blink:

It is nonsensical. But there's money to be made in trading this irrational volatility, if you're so inclined, but it's so chaotic you're more likely to lose your shirt than get rich. However, I'm sure the big banks are up to their nuts playing the currency and bond markets game (and will no doubt f4ck up spectacularly as a result in the end).

If your don't want to lose your shirt, then buy the one true currency and sit tight until the roulette wheel predictably ticks onto the big golden 0 and sticks.

Got gold?

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It is nonsensical. But there's money to be made in trading this irrational volatility, if you're so inclined, but it's so chaotic you're more likely to lose your shirt than get rich. However, I'm sure the big banks are up to their nuts playing the currency and bond markets game (and will no doubt f4ck up spectacularly as a result in the end).

If your don't want to lose your shirt, then buy the one true currency and sit tight until the roulette wheel predictably ticks onto the big golden 0 and sticks.

Got gold?

*Fraid not and to my mind it's a bit late now. I did move our of Euros into Sterling at the right time though which is some consolation. I read somewhere that Forex volumes have increased recently by several orders of magnitude so everybody and his dog is getting in on the speculative game and as you say it can only end in tears. For some reason the Chinese seem to think the Euro is a good place to be. I assume that they're buying and that this explains its relative strength at the mo.

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  • 140 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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