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michaelpelly commented Jan 1, 2014Let me tell you something, dear opponent. If those colossal sums you talk about were collected - your taxes would not get lower even a notch. Only the huge sweet government contracts and bail-outs landed to close-to-political corporations will get ...
French Constitutional Court Approves 75% Tax On High Earners
- michaelpelly commented Jan 1, 2014
It is that simple yes. As it is that simple that once one start to make money (excluding "wanna be" shouting and preaching) -he/she discovers that tax rate above 10-15% is absurd and of course get on the dark way to try to avoid it - using legal ...
French Constitutional Court Approves 75% Tax On High Earners
- michaelpelly commented Dec 31, 2013
Beware - we might want to start asking for 1 EUR per smile - in accordance to the tone in this article :-).
French Constitutional Court Approves 75% Tax On High Earners
- michaelpelly commented Dec 31, 2013
Bad political move anyway. The whole sounding of the 75% tax will have a bad influence over the investment climate in France. Eventually poor and middle class will take the hit of that decision. The problem is that exactly the poor and middle class ...
French Constitutional Court Approves 75% Tax On High Earners
- michaelpelly commented Dec 28, 2013
Only 2 major manufacturing areas are still strong in France - automobiles and aeronautics. If these start to wobble - au revoir francais :-).
France's 'Culture Tax' Could Hit YouTube and Facebook
- michaelpelly commented Dec 28, 2013
More likely France will be a failed economy soon and German manufacturers and exporters will take the markets from their former French rivals...
France's 'Culture Tax' Could Hit YouTube and Facebook
- michaelpelly commented Dec 26, 2013
Just relax :-). Top will eventually come. And then will come the selling, and then will come bottom :-). And then again there will be millions of small investors buying and "holding for long periods" the falling stocks. Like every time before. And ...
Is there no top to this market?
- michaelpelly commented Dec 26, 2013
Funny how 2-3 indicators like house prices bubble, manufacturing orders and sporadic CPI "greens" can lead to such media crap :-). Still printing pounds like crazy - 375Bn per year, still wages doesn't even notch upwards, still middle class is ...
Britain’s Ascendancy & Europe’s Decline
- michaelpelly commented Dec 26, 2013
What is somewhat confusing that GBP is pushing higher, EUR/USD is sitting like whale on sands and USD/JPY is getting higher. So - obviously not an obvious USD weakness. Hard to believe cable will move significantly higher than 1.65 if E/U doesn't go ...
GBPUSD: Bullish With Eyes On The 1.6483 Level
- michaelpelly commented Dec 22, 2013
I still believe there is pretty good chance for dollar bullish run in Q1 abd Q2 2014. But rarely trade on opinion - even mine :-). Heavy hedging and long term positioning of cable shorts above 1.62 and cable longs bellow 1.55. Jogging with several ...
A Must-See Chart On Why Big USD Gains Are Still Ahead - Deutsche Bank
- michaelpelly commented Dec 21, 2013
Wow I'll-b-back :-). You were short frenzy couple weeks ago when cable has been violently bought-back after each drop. Now suddenly when breaking higher can't sustain (only spikes) you suddenly go sure-long for cable?! :-). Confusing at least :-).
A Must-See Chart On Why Big USD Gains Are Still Ahead - Deutsche Bank
- michaelpelly commented Dec 19, 2013
Well - somehow can't imagine 20% weekly grow or loss (most published trades in FF are even way worse...) with $250 000+ capital. Yeah - if one plays pocket accounts up to $5000 - I guess +/- $200-300 are nothing, but same ammounts you can win/loose ...
EUR: 'long, Slow Goodbye' - Credit Agricole
- michaelpelly commented Dec 19, 2013
The funky and funny thing with the people that are sure to "know what will happen next" is they always look where the chart was and give wise-sounding guidelines. And when I ask them - give me 51% chance that the price will be higher/lower after 2 ...
EUR: 'long, Slow Goodbye' - Credit Agricole
- michaelpelly commented Dec 19, 2013
Right! :-) I got it - seems that I've missed a lot of his posts and did not got my "guess-quick" training to figure-them-out faster ;-)
EUR: 'long, Slow Goodbye' - Credit Agricole
- michaelpelly commented Dec 19, 2013
Are you high?! :-))))
EUR: 'long, Slow Goodbye' - Credit Agricole
- michaelpelly commented Dec 19, 2013
The problem, Spreadbetter - is that EU as a whole will not be healthier - just Germany and UK.
Euro area balance of payments in October 2013
- michaelpelly commented Dec 19, 2013
Yet the sense of desperation, crisis, lack of money in households is way more expressed in EZ economies than in US! What about that? ;-)
Euro area balance of payments in October 2013
- michaelpelly commented Dec 19, 2013
Well - that is why prediction is a useless tool. Price will either go or not (50/50%). I even not try to guess. Just placing a general short or long and hedge with other major pairs. Did not closed a single loss last 30 months on cable swing ...
EUR: 'long, Slow Goodbye' - Credit Agricole
- michaelpelly replied Dec 19, 2013
Well, trading is like any other job - it takes 8-10yrs to master some intermediate-to-excellent grade.
95% traders go broke, only 5% survive
- michaelpelly commented Dec 19, 2013
Last October cable did exactly the same moves - was almost 1.63, then in mid-October slipped to 1.58 - everyone was waiting for more dropping, then it went back to 1.64 and right when everyone was dreaming for 1.8 - it felt from 3 January 2013 to ...
Fed Cuts QE Pace to $75 Billion on Improved Job Market Outlook