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Bootleger replied Jun 17, 2010The better solution for the Eurozone would have been to let Greece default and reorganize their debts. Instead, the ECB just created a moral hazard by saying that no countries would go bankrupt, that the ECB will print money to rescue the crazy ...
EURUSD
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Bootleger replied Jun 16, 2010Haha that's right ! You can't print money like crazy and think that you will grow your way out of a recession. USA and Eurozone are just digging themselves into a deeper hole... you can't solve problems of debt by creating more debt and think that ...
EURUSD
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Bootleger replied Jun 16, 2010Right now the USD is the worse one but the Euro is becoming the same as the dollar... so both are going down the drain eventually... Gold is the best measure of these currencies !
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Bootleger replied Jun 16, 2010Well, the dollar has been too strong so it has to fall down... no fundamentals justify that big move up in USD over the last 6 months... it my opinion it's the worse currency. The trend for the USD has been clear for the last 10 years : Down... but ...
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Bootleger replied Jun 16, 20106-7 months ago... everybody was bearish on the USD like everybody is on the euro now(exception of the beginning of the week). The DXY (dollar index : url ) went from about 74 to 89 which is a big move. Remember that the USD is in a big bear market ...
EURUSD
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Bootleger replied Jun 16, 2010You're right about the fact that the prices are lower in the States. Like someone said, you get a discount because you buy everything in greater quantity. But you need to remember that our currency has never been able to really stay at parity. ...
EURUSD
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Bootleger replied Jun 16, 2010The US dollar is not better than the euro... Also, the Euro has been falling for more than 6 months without a little bounce up. We could see that rally continue for a little while before the euro goes down. USD is garbage too, I would not want to be ...
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Bootleger replied Jun 14, 2010People are realizing that the USD was clearly overbought and eventually it's gonna drop like a stone !
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Bootleger replied Jun 12, 2010Remember 6-7 months ago when the USD was at his low... everybody was bearish on the dollar ! And now it is the samething for the Euro... it doesnt mean the Euro is a good fundamental currency, but the USD is not in a better shape. You always have to ...
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Bootleger replied Jun 11, 2010Jim Rogers saying it's time to buy the euro... video Just remember that he was saying to buy the dollar at the bottom 6-7 months ago and we saw that big rally ! Who's Jim Rogers ? ĢIn 1970, Rogers joined Arnhold & S. Bleichroeder. That same year, ...
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Bootleger replied May 28, 2010USD is in a bear market, don't forget that guys ! What we saw the last 6 months was just a phony bounce... even if it continues a little while, I don't think it will last a long time !
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Bootleger replied May 28, 2010If we look a the the dollar index (DXY). We can see that the dollar is topping and will have difficulties going a lot higher ! Remember that USD is no better than Euro... You can't print money like crazy and have a strong currency
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Bootleger replied May 28, 2010That news about Spain is not really a surprise so it's normal that the euro is still strong ! USA should be downgraded but won't be...
EURUSD