This may eventually affect your trading

L0ck_St0cK_B0LL0cks said:
An interesting read, thanks for posting
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There never has been, as far as I know and I have been trading for many years, risk free trading. Could that be one of the reasons why so many traders fail?

A trader failing is nothing new. It is not something that has become a common occurrence since this financial crisis started. It has always been a distinct possibility for anyone who puts all his eggs in one basket.
 
Given that the US debt limit has been raised I think, 93 times already in the past, the chances of it not being so this time are extremely small.

I don't understand how the debt has been risk free either. Government debt for too long has been very similar to those toxic sub-prime loans in the US. The borrower overstretches themselves with ludicrously cheap 'teaser' rates. Eventually the rates rise and the borrower is bust. This is what we have witnessed with Greece and Ireland, with more to come.
 
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This is nonsense – particularly when you consider that the governments of the "advanced" countries are tacitly reliant on debasing and depreciating their currencies in order to lower their liabilities, so imposing on their creditors a form of "soft default".
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Thus impoverishing us ALL while they are at it. This man appears to understand exactly what is what. We need a return to sound money and consign fiat currencies and modern monetary theory to the dustbin of history, where it belongs!:mad:
 
There is no "risk-free debt", so the whole argument is a straw man. Economists are notorious for their straw man arguments. Listening to an economist is the sure way to hell.
 
trader3cnd said:
There is no "risk-free debt", so the whole argument is a straw man. Economists are notorious for their straw man arguments. Listening to an economist is the sure way to hell.
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Listening to a mainstream(i.e.Keynesian) economist is the sure way to hell.
 
As long as the US dollar is the worlds reserve currency they can print their way out of debt and this cycle can keep going like this forever.

IMF controlled SDRs could be a possible replacement of the US dollar but guess who controls IMF? United States and so everything comes back to the states anyways.

Thing is it is not easy to beat down an economic system that is based on innovation and freedom. Communism though basically a welfare based system killed human rights in general so had to eventually die out.

Guys the new leg of the bull market is coming. This is not the time to be short. Get your stops in and study your stocks to get into the next phase of the bull market.
 
DashRiprock said:
i like liam halligan
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Agreed, he was always a good watch on C4, although a bit samey over the past year on the DT he's never wavered since 2007, when the first cracks appeared he bravely stuck his neck out.

He was also one of the few commentators who went on record in 2005-2006 as stating that UK and USA house prices were insane, due to loose lending not scarcity, and the portents were for a very bad economic future..
 
safvan said:
As long as the US dollar is the worlds reserve currency they can print their way out of debt and this cycle can keep going like this forever.

IMF controlled SDRs could be a possible replacement of the US dollar but guess who controls IMF? United States and so everything comes back to the states anyways.

Thing is it is not easy to beat down an economic system that is based on innovation and freedom. Communism though basically a welfare based system killed human rights in general so had to eventually die out.

Guys the new leg of the bull market is coming. This is not the time to be short. Get your stops in and study your stocks to get into the next phase of the bull market.
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erm..haven't got time to discuss this, work to do, like to pick up on it this evening, and put foreward a view as to why you are (imho) wrong..
 
safvan said:
Guys the new leg of the bull market is coming. This is not the time to be short. Get your stops in and study your stocks to get into the next phase of the bull market.
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Absolutely agree. The perma-bears and pundits have been muttering and shaking their heads through an extraordinary bull market, up over 100% from the low. They'll keep going until they are saved by the next stock market crash.

How on earth can people fail to see what kind of market we're in, and have been in for over 2 years?
 
Pazienza said:
Absolutely agree. The perma-bears and pundits have been muttering and shaking their heads through an extraordinary bull market, up over 100% from the low. They'll keep going until they are saved by the next stock market crash.

How on earth can people fail to see what kind of market we're in, and have been in for over 2 years?
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......bull markets always climb a wall of worry.
But hey, we're traders, we make money whether markets go up or down :)
 
Just in case anyone is unsure, the "risk-free" rate he refers to (and economists refer to) is typically the 3-month rate. It's a benchmark, and that's why he's put it in quotes - it doesn't refer to risk of default. Every country has a so-called "risk-free" sovereign rate against which lower-rated credits are priced against (credit spread).

Much of the problems in the credit crunch were at the shorter end. Northern Rock was actually a solvent business, but was overreliant on funding in the wholesale money markets.
 
Mr. Charts said:
......bull markets always climb a wall of worry.
But hey, we're traders, we make money whether markets go up or down :)
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Of course. Where is the money going to go? Cash? Bonds? Great if you want a cast-iron guarantee to lose money.

Plus the end of QE2? Puh-leeze. With these deficits? Get ready for QE3, 4, 5, whatever it takes.

It's a bull market, sure sell where you see the opportunity. But things is goin' up.
 
That said, today, mostly short.

EDIT: Am I good, or what? Here's a clue - the answer is not "what", beeyotchez.
 
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God Dayum, TF is taking its time over this. Just finish dropping so I can get mah drink on.
 
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