[Archive] FOREX - Trends, Forecasts and Consequences (Episode 15: May 2012) - page 188
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
Well, not everyone's grail is suitable for everyone, it's different perception of the world! There is no common grail, but everyone has his own ;)
How can I put it more accurately...
The problem is that people are looking for a grail - a method. And the grail is a concept. Everything else - strategies, methods - is a consequence, if we may put it this way. The problem is that the concept is the Grail - the Grail is the concept, and all the rest - the strategies, the methods - are the consequence, if I may put it that way.
PS and well done doll, he scares... ;)
How can I put it more accurately...
The problem is that people are looking for a grail - a methodology. And the grail is a concept. Everything else - strategies, methods - is a consequence, if you can put it that way. The problem is that the concept is the Grail - the Grail is the concept, and all the rest - the strategies, the methods - are the consequence, if I may put it that way.
PS and well done doll, he scared... ;)
How can I put it more accurately...
The problem is that people are looking for a grail - a methodology. And the grail is a concept. Everything else - strategies, methods - is a consequence, if you can put it that way. The problem is that the concept is the Grail - the Grail is the concept, and all the rest - the strategies, the methods - are the consequence, if I may put it that way.
PS and well done doll, he scares... ;)
The doll is scary at all times)))
Heck, as chepikds says, no sooner has he stepped back than a novel in three parts is already written, Zmo appeared and brother Ishim, only he is silent for some reason)))
Confusing... How is the concept different from the methodology in relation to the grail?
Politicians are divided into two camps: some think that the lessons of the past two years serve as a reliable guide, while others are convinced that different methods are needed this time. Some have run out of fresh ideas since the global economic crisis, others have a plan to fix the suddenly jammed mechanism of the global economy.
The crisis moves from one stage to the next, and David Cameron spends his energy on political positioning. He has one answer to all questions: the Eurozone needs to solve its problems, and he is not to blame for any of it. In reality, it is the Prime Minister's economic failure that is to blame for the UK's recession. Inaction due to his incompetence is not only holding back the development of Europe, it is also holding back the recovery of the world economy. Britain, along with the rest of the world, is paying the price with jobs, faith in democracy and its ability to cope.
Last August I published an article calling for concrete action that could push the stalled global economy. "We are faced with a threat to the global economy that can only be addressed with skillful economic management at the global level. There is not a minute to lose," I wrote at the time. Nine months have passed and there is no governance at all. Meanwhile, people are suffering.
European leaders have erred in credibility by forgetting the first lesson of globalisation: legitimacy depends on our joint successes and failures. This tenet should motivate the G-8 leaders, meeting this weekend for a summit, to act decisively and in a coordinated manner, reverse the Cameron-Merkel-Sarkozy approach, and develop a credible, long-term solution to Europe's problems.
Cameron cannot find a solution to the crisis because the problem is, among other things, his own. He claims that "Britain is heading in the right direction". Really? The recovery has turned into a new recession, the economy has shown no sign of growth for almost two years, a million young Britons can't find work and government borrowing is predicted to be £150bn higher than planned. Arrogance is his style, but sometimes one wonders whether the Prime Minister seems to have fallen from the moon.
Everything he does suggests he is a hopelessly out-of-touch politician, hell-bent on avoiding responsibility. In the G8 only Cameron has brought his country into re-recession (Italy doesn't count).
Yes, we are in the middle of a global crisis, and it is for this reason that we should not have been so reckless as to abandon a balanced approach to solving it two years ago. This means that Britain suffered earlier and more severely than others. And the arrogance and complacency of Camercozy's economy has caused this mistake to multiply across the continent.
Things could have been different. On the other side is US President Barack Obama with a deficit reduction plan that has helped the US economy resume growth. Now new French President François Hollande has joined him, sharing his emphasis on growth and jobs.
This contradiction of concepts needs to be resolved, preferably in favour of those who know things could be different, that something can still be done.
Firstly, we need to recognise the importance of demand. In the 1930s, the craze for "beggar thy neighbour" policies led to a global depression; today we suffer from a mass psychosis called "fiscal consolidation". All major economies are simultaneously reducing demand, no matter where they stand compared to the rest, cutting off growth through export channels for those who need to urgently reduce their deficits.
Last November, in the G20 communiqué following the Cannes meeting, world leaders in several countries, including Germany, pledged to boost domestic demand if "global economic conditions deteriorate significantly. At the time, many wondered how much worse it would have to get.
Be that as it may, things are now going from bad to worse, and that is obvious. It is high time for action. For countries with historically low interest rates, such as Germany, it is time to realise that their debt supports aggregate demand.
Secondly, a credible and workable solution for the Eurozone is needed. The countries at risk should eliminate their deficits. But instead of making more and more impossible demands on countries that are already on the brink of disaster, a common solution to the common problem should be found.
The bankruptcy of Lehman Brothers proved that a default by a global organisation cannot, by definition, be an orderly one. The same applies to European states. Thus, the European Central Bank must assume the role of lender of last resort for the eurozone, countries must ensure closer fiscal integration and a protective shield strong enough to safeguard the Italian and Spanish economies.
Third, the uncertainty surrounding the global banking system must be resolved. The perception is that banks, especially in the eurozone, are running balance sheet losses that threaten their capital position. Even if this is not true, it will not be easy to change the public's mind. To restore confidence, it will take real, far-reaching measures to allay any fears.
World leaders now need to concentrate on developing a unified plan of joint action to stimulate growth and finally abandon the old song that there is no other way - that is, the Cameroi-Merkel-Sarkozy approach. This is the only way to bring back the recovery process and dry up the politicians' riddled reputations.
Ed Miliband head of the UK Labour Party
World leaders need to concentrate now....
On the counts. Who has how much money (bears/bulls) and who is really willing to pour in down/up.
I note, however, that the dolt is not independent...
Puppet is scary all the time)))
No... He doesn't have that power, as I've seen time and time again (even on moose). Against the doll market = 0.
M_Dimens: