I disagree. I think the downside risks are too great not to intervene in the banking sector. The financial markets have grown so large and so intertwined that they are unable to correct themselves. Look at the leg lower the global economy endured ...

Cable Update (GBPUSD)

I am not arguing that the current market optimism towards the banking sector is justified. Indeed, I take the opposing view, as I have done for a long time now, often on this forum. However, this positive sentiment is the reality we face today, and ...

Cable Update (GBPUSD)

I know that feeling!

Cable Update (GBPUSD)

So you think the pound is oversold, but at the same time believe fair price of cable should be 1.44, much lower than where it now stands? BoA and Citi have both come out in recent weeks saying their results will beat expectations, as have JP Morgan. ...

Cable Update (GBPUSD)

What method of calculation or model are you using to reach 1.44? Also supporting sterling (a bigger factor than Barc's sale of iShares) is the very positive news coming from Wells Fargo. As we all know, sterling has a very strong correlation with ...

Cable Update (GBPUSD)

He doesn't inspire much confidence. I wonder how many times he will use the word "global" in this speech. Anything to drum home to the voters that he is not to blame...

EURUSD

That's just not possible when Gordon Brown is involved!!

EURUSD

I wasn't implying that you are one of the same.

EURUSD

He sees CPI going well below the 2% target and turning negative, but he attributes this in a large part to lower commodity prices (disinflationary), which provides a welcome boost to consumers, as it gifts them with extra spending power.

EURUSD

Such cyncicism! I recognise your no-nonsense posting style from another forum, where you post under a different handle. Mr B, welcome. Paul

EURUSD

No hints on QE. He doesn't see deflation as an imminent threat. He closed by explaining the difference between disinflationary pressures (lower commodities - welcome for consumers) and deflation (poisonous for those with a debt burden).

EURUSD

or bottom picking either, which gives you smelly fingers

EURUSD

I'm too much of a coward to get involved right now! Have been burnt in the past on such days. I am playing with equities instead...

EURUSD

Spanish banks were more heavily regulated than their UK or US peers, thankfully. If the will was present, the ECB could enact QE quite easily, through creating new reserves and purchasing a weighted basket of eurozone government debt in the ...

EURUSD

It's inevitable that more people will be using the forum at this point of time, irrespective of whether they have a position or not. This is one of the biggest news weeks of 2009, and right now is one of the most crucial junctures of this week, if ...

EURUSD

Through cutting by "only" 25bps, it delays the moment when the ECB may decide to use the nuclear option of QE. For now, the ECB still has bullets in the gun, preferring a measured wait and see approach, and Trichet may indicate in the press ...

EURUSD

I don't think Daniel Hannan, who compares the UK to Zimbabwe on Fox News, can ever be accused of "telling it straight". He speaks from an aggressive partisan platform, with a clear agenda, and is far from fair or impartial. There are definitely some ...

Cable Update (GBPUSD)

Hi EMDA, I think you should listen to Arthur regarding China, as he has run a business over there. He is better informed on the country than you or I. China are many years away from being a self-sufficient economy and they cannot magic domestic ...

EURUSD

don't ever forget gold!

News Events / Shocks

Btw... I wonder whether these forums will now shift from talking about the Amero to the Chinero or Chinarus.... hahahaha It made me laugh that the Kazakh president, Nursultan Nazarbayev, came out and suggested the name of "Acmetal" for the proposed ...

News Events / Shocks