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michaelpelly commented Dec 11, 2012Greed spreads everywhere, another proof of the principle - "money do not stink"!
HSBC pays record fine to settle US money-laundering accusations
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michaelpelly commented Dec 7, 2012Buy more DAX shares and EUR, buy more ! ;-) Inflate the balloon a little bit more - hedge funds need to gain profit from somewhere ;-).
Germany's Oct Industry Output Far Below Expectations
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michaelpelly commented Dec 7, 2012Agree - sooner or later - the reality sets in! :-)
New Bundesbank projection: Temporary economic slowdown
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michaelpelly commented Dec 7, 2012This is the real Greece with no EU money flowing in! This case is not isolated. I was predicting that state establishment falling apart as more and more radical political wings take power. Remember - if Merkel looses next November (most likely) - ...
Tortured, detained and ordered out: a migrant's tale in Greece
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michaelpelly commented Dec 7, 2012It is evident - DAX was roaming for 3 weeks! Even Euronews invites us to buy german companies shares on their top prices - a lot of "investors" are going to "eat the wooden stick" - this game is played more than 100 years already.
Bundesbank Slashes 2013 German Growth Forecast to 0.4%
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michaelpelly commented Dec 6, 2012The truth is not pretty. I really sympathize to the regular people - they were slipped last decade in a life-style that their country can't sustain without huge debts. Now they have painfully to realize that money do not grow on trees and get to ...
Depression Deepens Greek Middle Class Despair With Crime
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michaelpelly commented Dec 3, 2012Killer article :-), sarcastic to the bone :-)!
Ten Big Fat Lies To Keep The Euro Dream Alive
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michaelpelly commented Nov 30, 2012My funny prediction that from "a state in help" Greece will turn into "a state on payroll" might come true...:-)
German parliament approves aid for Greece
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michaelpelly commented Nov 30, 2012Wow, wow - surprises never end ;-).
Greek deal frays as IMF threatens walk-out on debt buy-back impasse
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michaelpelly commented Nov 30, 2012Good morning, Europe - see the light in the end of the tunnel ;-).
ECB’s Draghi: Crisis isn’t over yet
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michaelpelly commented Nov 30, 2012Exactly my point - even Germany's economic loco is starting to breath heavily - the other "southern" crap is about to suffer 5-6 more years until some change induced by US or Asia fixes the situation bit-by-bit...
ECB's Draghi: Euro Zone Recovery to Come 2H 2013
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michaelpelly commented Nov 30, 2012When Greece is about to ask another 40bn EUR? and strikes the 200% GPD dept level? I wonder if Merkel, Draghi and the other heroes still believe even in their minds that this "recovery" will happen in 2013 or just "say what people need to say"...
ECB's Draghi: Euro Zone Recovery to Come 2H 2013
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michaelpelly commented Nov 29, 2012Just a market principle - something costs what you could get for it - not its manufacturing price...Like the EUR - crappy and diving economy - yet expensive currency :-).
What Starbucks’ $7 coffee is really worth
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michaelpelly commented Nov 29, 2012Matching trading style to your emotional world is important for long-term survival on the market - it is nothing to do with pure financial effectiveness. In other words - it defines weather you will turn into wealthy wreck in 3 years, or you will ...
New Trader, Know Thyself
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michaelpelly commented Nov 27, 2012I still wonder - so many words and rationalizations to just say "Yes, we just gave Grece another 34bn EUR to cover their asses for a while" :-). All the noise seems to mask the single fact that problem was not even close to solved and all this drama ...
Greece Wins Easier Debt Terms as EU Hails Rescue Formula
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michaelpelly commented Nov 27, 2012So - long expected and nothing new really - just delay the issue again.
Greek bailout deal is a classic fudge - but should work for now
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michaelpelly commented Nov 25, 2012Yet again - buy the hope, sell the truth.
FX Technical Outlook: Yen and Dollar Weakness Set to Continue
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michaelpelly commented Nov 24, 2012Bunch of bullshit induced by this weird market week. EU PMI's are marginally better (only production for Germany), Greek debt crisis is far from solved - what is currently expected is the highly urgent 33-44bn EUR for Grece just to avoid default ...
Why the Euro Is Primed to Rise