Thanks plymgary.
Okay We have three scenarios...
1. Australian Bonds getting downgraded to AA+ (short on the Aussie). Any announcement is probably a long way off and a downgrade would depend upon continued high levels of deficit spending.
2. Trump getting impeached (short on the Greenback and long on the Euro). With a Republican Congress it's unlikely they would impeach unless the FBI turns up evidence of collusion and I think that is also unlikely. If they make a case on some other issue Congress probably won't take action and it would be well reported and realativly slow moving.
3. Hard Brexit (short on the Pound). I have not been paying attention honestly, you can expect me to have something to say in the next update.
If you can comment on the likelihood of any of those possibilities or justify any pip values for them please post a reply. The figure I have on the Aussie Bond scenario is 500 pips but all I have to back that up is some pundits opinion.
And don't let my handle confuse you, I hated Clinton with a passion, I supported Sanders. I think you guys need to start leading the world again by levying an annual flat tax on all assets other than real estate and private businesses and use the money exclusively for economic stimulus in the form of basic income. The vast majority of economists agree that wealth disparity is a growing drain on the economy and the only tax that would combat it is a wealth tax. Mandating that all financial entities must give a flat annual rate of domestic charity out of their liquid assets would be better (I'd recommend 2.5% ) but socialism is a distant second.
I'm off to explore the rest of the internet, I'll be back.
Okay We have three scenarios...
1. Australian Bonds getting downgraded to AA+ (short on the Aussie). Any announcement is probably a long way off and a downgrade would depend upon continued high levels of deficit spending.
2. Trump getting impeached (short on the Greenback and long on the Euro). With a Republican Congress it's unlikely they would impeach unless the FBI turns up evidence of collusion and I think that is also unlikely. If they make a case on some other issue Congress probably won't take action and it would be well reported and realativly slow moving.
3. Hard Brexit (short on the Pound). I have not been paying attention honestly, you can expect me to have something to say in the next update.
If you can comment on the likelihood of any of those possibilities or justify any pip values for them please post a reply. The figure I have on the Aussie Bond scenario is 500 pips but all I have to back that up is some pundits opinion.
And don't let my handle confuse you, I hated Clinton with a passion, I supported Sanders. I think you guys need to start leading the world again by levying an annual flat tax on all assets other than real estate and private businesses and use the money exclusively for economic stimulus in the form of basic income. The vast majority of economists agree that wealth disparity is a growing drain on the economy and the only tax that would combat it is a wealth tax. Mandating that all financial entities must give a flat annual rate of domestic charity out of their liquid assets would be better (I'd recommend 2.5% ) but socialism is a distant second.
I'm off to explore the rest of the internet, I'll be back.
Where did all these Repuglican Rightards come from?