[cobran20]

wulfgar, on 15 December 2011 - 01:34 AM, said:

The fact is the crisis is actually pushing Europe harder together (minus Britain) more than anything else.

[boz]

cobran20, on 15 December 2011 - 04:37 AM, said:

At the end, I expect the markets will exact a price on all profligate countries and that covers the US, PIIGS, France & the Uk. China and Australia are unlikely to come out unscathed either.

So, what you just wrote is that you are right at 100% and market will follow your prediction.
But because you think market is right at 100% then you like to think market is preceding your conclusion, right?

[cobran20]

boz, on 15 December 2011 - 08:07 AM, said:

So, what you just wrote is that you are right at 100% and market will follow your prediction.
But because you think market is right at 100% then you like to think market is preceding your conclusion, right?

It's an assumption on my behalf based on history. I may be right ... or I may be wrong. Whatever the markets do will of course be right!

Now do getover yourself, you're getting boring.

[cobran20]

IMO, the worthless currency will shock a few people (and markets) this year. FIrst target is 84 and then 90.

Attached File(s)

•  1.jpg (229.71K)
  Number of downloads: 27

[Mr Medved]

cobran20, on 26 December 2011 - 11:45 PM, said:

IMO, the worthless currency will shock a few people (and markets) this year. FIrst target is 84 and then 90.

You mean next year?

[cobran20]

Mr Medved, on 29 December 2011 - 06:32 AM, said:

You mean next year?

Yes.

[cobran20]

cobran20, on 26 December 2011 - 11:45 PM, said:

IMO, the worthless currency will shock a few people (and markets) next year. FIrst target is 84 and then 90.

The bankrupt/worthless currency continues to gain against the insolvent one ... and so is ours. Good time to plan a 'cheap' holiday to club Med countries. Hungary is also looking like a cheap destination.

Attached File(s)

•  3.jpg (209.17K)
  Number of downloads: 2
•  1.jpg (169.45K)
  Number of downloads: 2
•  2.jpg (169.7K)
  Number of downloads: 2

[cobran20]

cobran20, on 06 January 2012 - 10:16 AM, said:

The bankrupt/worthless currency continues to gain against the insolvent one ... and so is ours. Good time to plan a 'cheap' holiday to club Med countries. Hungary is also looking like a cheap destination.

I wish I could join them!

Savvy travellers heading to Europe

[boz]

cobran20, on 15 January 2012 - 02:56 AM, said:

I wish I could join them!

Savvy travellers heading to Europe

Better be quick before it is too late.
Anyhow if you go to europe don't pay the flight using AU$ (except the first section), i usually go through singapore and using SGD$

[Mr Medved]

The demise of the dollar

In a graphic illustration of the new world order, Arab states have launched secret moves with China, Russia and France to stop using the US currency for oil trading

http://www.independe...ar-1798175.html

[cobran20]

 Mr Medved, on 26 January 2012 - 11:20 AM, said:

The demise of the dollar

In a graphic illustration of the new world order, Arab states have launched secret moves with China, Russia and France to stop using the US currency for oil trading

http://www.independe...ar-1798175.html

I read that India will buy its oil from Iran using gold.

[cobran20]

SMH: $A increasingly popular with central banks

Quote

The Australian dollar is becoming increasingly attractive to foreign central banks and sovereign wealth funds as they try to reduce their exposure to under-performing US and European currencies.

Russia's central bank has flagged it may begin adding Australian dollars to its foreign currency reserves as early as February.

The country is estimated to hold about half a trillion dollars worth in currency reserves, mostly in US dollars, euros and British pounds.

Advertisement: Story continues below It announced in 2011 it was looking to diversify its holdings as confidence waned in the "safe haven" European and US currencies.

The Russians are expected to shift about one per cent of their portfolio to Australian dollars.

Commonwealth Bank currency strategist Joseph Capurso said Russia's move was reflective of a growing interest among central banks in the Australian dollar.

"It signals that another central bank is interested in the Australian dollar and putting their money with us," he said.

"Russia certainly isn't the first and certainly isn't going to be the last central bank to be looking at Australia."

However Russia's change in its foreign currency holdings is not expected to provide a major boost to the Australian dollar, which is trading around 106 US cents.

The daily turnover of Australian dollars on world foreign exchange markets is about $150 billion.

With more than $US10 trillion worth of currencies held in reserves globally, central banks are becoming increasingly important players in currency markets.

AMP chief economist Shane Oliver said the Australian dollar was undergoing a long-term structural shift, with higher average prices and a greater ability to withstand falls in global confidence.

"Some of these structural factors like central bank buying provide a source of support for it," he said.

"An example of that is last year, the Aussie share market was down, most global share markets were down, commodity prices were down but the Aussie dollar was pretty much unchanged."

He said while the European and US economies continued to struggle Australia had the benefit of a AAA credit rating, strong commodity prices, liquid currency exchange markets, and proximity to Asia.

As a result the Australian dollar was likely to trade higher, on average, for the next five years.

"I think the reality in Australia is that we should get used to the fact that the trend in the Aussie dollar has changed," Mr Oliver said.

"The Aussie dollar is likely to stay here for the next five or 10 years."

[cobran20]

Looks like $1.10 is next!

Attached File(s)

•  1.jpg (177.34K)
  Number of downloads: 5

[Solomon]

cobran20, on 02 February 2012 - 08:38 AM, said:

Looks like $1.10 is next!

I hate it when we get into the parachute zone!