EL-GRECO

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    • Thu Nov 8th 06:30 AM | Rating: 0 0
      Commented on:
      Sliding Dollar Turns U.S Into World's Discount Mall
      Enter your comment hereWhy is it surprising that the dollar is where it is? It has been bombarded by negative propaganda for the last 3 years... If only the same level of propaganda were accorded to the spectacular rise in US exports this year as has been accorded to the deficit, people, investors, might have a slightly more positive view of things. It is a sad possibility that the stock market which is the obvious alternative to wealth creation to the now defunct property market should be so vulnerable to speculators (see oil price and the dollar) and rogue corporate practices (see banking and mortgage execs). If we do get a recession, it's coming thanks to them.
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    • Thu Nov 8th 06:16 AM | Rating: 0 0
      Commented on:
      Sliding Dollar Turns U.S Into World's Discount Mall
      Why is it surprising that the dollar is where it is? It has been bombarded by negative propaganda for the last 3 years... If only the same level of propaganda were accorded to the spectacular rise in US exports this year as has been accorded to the deficit, people, investors, might have a slightly more positive view of things. It is a sad possibility that the stock market which is the obvious alternative to wealth creation to the now defunct property market should be so vulnerable to speculators (see oil price and the dollar) and rogue corporate practices (see banking and mortgage execs). If we do get a recession, it's coming thanks to them.
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    • Wed Oct 31st 06:36 AM | Rating: 0 0
      Commented on:
      Enough of the Charts-Based Crash Talk
      I'm glad you made the point; I don't read this type of article often enough. What is more astonishing is the amount of valuable air time that is given to predictions. Essentially the media is giving every Tom Dick and Harry talking head the chance to be right about some forthcoming event, by allowing them to rattle off prediction after prediction which eventually leads to the "right call". And after bombarding viewers with daily 1987 anniversary crash televised segments, the media expresses surprise that the market should tank on the anniversary date. I would suggest that financial TV, the way it is presented today, has a hand at sustaining volatility in the markets, and they just love the power it gives them.
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    • Sun Oct 21st 11:59 AM | Rating: 0 0
      Commented on:
      The Superfund's Merits: Sorry Hank, I'm Just Not Buying It
      I suggest that saving Citi - if indeed, as you indicate, that is the purpose of the fund - is in everyone's interests. It's not the right moment to play school teacher, as Mervyn King recently found out.

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    • Mon Sep 24th 05:59 AM | Rating: 0 0
      Commented on:
      Sell the U.S. Market Before October
      I fail to understand how a US market wide sell off can occur without affecting the commodity ETF's. We know from the last few sell-offs recently that everything goes down when hedge funds are selling. It is also still a matter of debate as to whether Asia can stand up alone without western demand for its goods; in the event of a recession or stagflation is the USA, are the goods being produced in Asia going to be fully abosrbed locally? It hasnt happened yet; it could of course, but anyone who is advocating hold Asia, sell US, hasn't seen what happens to HK stocks like ACH and YZC, to name but two commodity plays, when the Dow sells off. I agree that currencies is a good way to play the scenario you predict.
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    • Sat Aug 4th 17:49 PM | Rating: 0 0
      Commented on:
      Jeremy Grantham: Hedge Funds To Collapse
      The timing of Mr Grantham's comments make them slightly disingenuous. He could have made those comments any time this year. Why choose to go to Bloomberg when the markets seem on the verge of rolling over?
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    • Tue Mar 6th 11:26 AM | Rating: 0 0
      Commented on:
      Are Policymakers Living in Financial La-La Land?
      Are Policymakers Living in Financial La-La Land?

      Who should i believe? The people who have been put in charge of dealing with the world's largest economy, or the hysterical press, doomsday book writers and rigged commentators who yap all day and all night on the financial news networks? Obviously I come down on the side of the ones who arrived at the job with credientials; that's Mr Paulson and Dr Bernanke.

      On Dr Greenspan, there's about equal support for those who think he was the worst thing that ever happened to the US economy and those who think he's the Messiah. Judging from the from the three day backpeddaling, he's not sure if recession is possible, probable or a statistical possibility.

      The economy isnt perfect but the only meltdown ahead is gthe one we could create for ourselves if we continue to overanalyse the negatives, as our favourite TV media commentators are prone to doing.
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