Concise and to the point.nakatago wrote:JPMorgan CIO explains the EU boondoggle
Anyone mad enough to be pro fiscal union, would be mad not to read it!
aster wrote:The shylocks will do anything to destroy the Euro and start milking Europe again on every single transaction, and of course to do so they need to convince the sheep to be on their side. Same thing happened in the UK... guess who financed all the "Save the Pound" campaigns?
Sounds like the UK simply being scared of the thievery that previously pulverised the UK financial system and robbed the country of billions of Pounds.JR8 wrote:France and Germany [i.e. the self-appointed '''leaders''' of the EU] are this week pushing for a financial transaction tax. Could it just be that the politicians are as bad as you suggest the bankers are?
Osbourne has told them, 'you introduce it in the euro-zone if you wish to, but we're not participating', to much squealing about level playing fields and all moving ahead together - rather shot their fox, as the whole point is the Franco-German axis trying to nobble the City of London.
Please accept my condolences on being stuck in Germany. Whereas definitely better than commuting suicide, it must be a severe downgrade from the likes of magical Singapore. Once again, my sincere condolences for having to live in such a place...JR8 wrote:In front of my corner shop this pm, on a clothes recycling bin.
I 'commute' from the bedroom to the room next door. It's hell you know.aster wrote: Please accept my condolences on being stuck in Germany. Whereas definitely better than commuting suicide, it must be a severe downgrade from the likes of magical Singapore. Once again, my sincere condolences for having to live in such a place...
aster wrote:Sounds cold and boring, plus nice places on the inside can be found in every country on this planet - step outside though and you ain't walking down the Singapore River for a pint at Boat Quay... wearing shorts and a t-shirt. I don't see how I could be paying for your being stuck there, unless you are employed by the Singapore gov't.
Check out Brainbox-Aster, he got it in one lol.
Being here for a while gives me a good perspective on the things I miss about SG. But I can tell you Boat Quay is not one of them!
Greece will go bust, no doubt about it. They simply have no economy to pick up, it's like trying to kick-start a heart that is no longer capable of pumping blood.
I agree. Watching the headless chickens (EU politicians) who have no Plan #B is interesting though.
I think the big question JR8, that you and I should be asking ourselves, is how we can make money off this latest "Swiss-defence" stance. If you held funds in EUR right now, wouldn't it make perfect sense to convert the entire lot into CHF? I mean you can't go wrong really, right? I don't suppose the Euro will rise to 1.25 or 1.3, all the pressure is pointing in the other direction. If the Euro goes up after you sell it, you can expect the Swiss Franc to follow accordingly at 1.20. But if the Euro crashes, will the Franc go down with it? Such a scenario will already trigger a global panic, which will see money pouring into the Franc anyway, and with the currency going down to match the Euro it will be deemed as a good time to buy for holders of other currencies, thus increasing the stream (or rather flood) of money trying to find a safe heaven in Switzerland.
I don't speculate like that, as I have seen too many clever people ruined doing so. I'm more into protect-mode than accumulate-mode now. That means safe and boring but out-flanking inflation. Aviva, RSA and Vodafone all rock solid, global and yielding over 8% right now... though I still think the market is going to get a sledge-hammer in the not too distant future so I'm hesitating. That, and the rest (allocation TBD) into a low-fee SE Asian Index tracker fund. Wrap it in an offshore nil-tax account and I'm done...
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