Author Topic: Forex, futures and stocks trading  (Read 30958 times)

Offline ExGingi

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Re: Forex, futures and stocks trading
« Reply #260 on: July 09, 2020, 06:58:06 PM »
Lower for longer is inevitable anyway because it's the only way to prevent US from defaulting

The deeper they dig themselves into the hole, the more impossible it becomes to climb out of it. Though they did have Japan to look at. They could have opted for creative destruction back in 2008 but decided that America couldn't endure the sharp brief pain in order to emerge stronger, so they went down this longer path that can only end with more pain, though it might be a long time until the day of reckoning comes.
I've been waiting over 5 years with bated breath for someone to say that!
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Offline yos9694

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Re: Forex, futures and stocks trading
« Reply #261 on: July 10, 2020, 10:18:32 AM »
The deeper they dig themselves into the hole, the more impossible it becomes to climb out of it. Though they did have Japan to look at. They could have opted for creative destruction back in 2008 but decided that America couldn't endure the sharp brief pain in order to emerge stronger, so they went down this longer path that can only end with more pain, though it might be a long time until the day of reckoning comes.

Might not be long. One more multi-trillion dollar stimulus package would make the clock hit 12.

We long ago sailed past the point where we could have grown our way out of debt. Now the best we can hope for is to hold the status quo (i.e. keep debt servicing costs low by issuing new debt at near 0% rates for as long as buyers will show up). The other choices are hyper-inflation or default. If interest rates rise in the rest of the world the US will be pushed over the edge.

Offline ExGingi

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I've been waiting over 5 years with bated breath for someone to say that!
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Offline ExGingi

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Re: Forex, futures and stocks trading
« Reply #263 on: August 09, 2020, 12:43:50 AM »
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline ExGingi

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Re: Forex, futures and stocks trading
« Reply #264 on: August 10, 2020, 12:47:04 AM »
Another brilliant interview with one of the greatest minds in the business.

Transcript of a podcast: https://medium.com/@ttmygh/grant-williams-podcast-lacy-hunt-8409df5eb203
I've been waiting over 5 years with bated breath for someone to say that!
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Offline avromie7

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Re: Forex, futures and stocks trading
« Reply #265 on: August 11, 2020, 11:15:37 AM »
Might not be long. One more multi-trillion dollar stimulus package would make the clock hit 12.

We long ago sailed past the point where we could have grown our way out of debt. Now the best we can hope for is to hold the status quo (i.e. keep debt servicing costs low by issuing new debt at near 0% rates for as long as buyers will show up). The other choices are hyper-inflation or default. If interest rates rise in the rest of the world the US will be pushed over the edge.
If we stop borrowing, we can grow our way out of debt. It would take the better part of a century, but an increase in interest rates would still be manageable.
I wonder what people who type "u" instead of "you" do with all their free time.

Offline ExGingi

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Re: Forex, futures and stocks trading
« Reply #266 on: August 11, 2020, 11:22:27 AM »
If we stop borrowing, we can grow our way out of debt. It would take the better part of a century, but an increase in interest rates would still be manageable.

The growth will have to outpace the debt by far. Read the interview with Lacy Hunt that I posted above.
I've been waiting over 5 years with bated breath for someone to say that!
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Offline yos9694

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Re: Forex, futures and stocks trading
« Reply #267 on: August 11, 2020, 11:42:20 AM »
The growth will have to outpace the debt by far. Read the interview with Lacy Hunt that I posted above.

The only people who think it's possible to grow our way out are the ones who haven't done the math. A simple calculation to start with is how much would a 1% increase in interest rates increase the annual cost of debt servicing. To get back to "normal" rate levels you'd then have to multiply that by 4.

Offline ExGingi

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Re: Forex, futures and stocks trading
« Reply #268 on: August 11, 2020, 09:03:22 PM »
The only people who think it's possible to grow our way out are the ones who haven't done the math. A simple calculation to start with is how much would a 1% increase in interest rates increase the annual cost of debt servicing. To get back to "normal" rate levels you'd then have to multiply that by 4.

Which is why rates will stay low until there is a great reset. A rise in rates will bring about a serious and ferocious implosion.
I've been waiting over 5 years with bated breath for someone to say that!
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Offline ExGingi

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Re: Forex, futures and stocks trading
« Reply #269 on: August 17, 2020, 09:37:58 PM »
Fascinating piece of history in this Twitter thread:

I've been waiting over 5 years with bated breath for someone to say that!
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Offline ExGingi

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Re: Forex, futures and stocks trading
« Reply #270 on: November 13, 2020, 01:27:05 PM »
Here we go again. Just a cost of doing business accounting line item, with no jail terms and no personal accountability.

#RiggedMarkets #Corruption

https://www.justice.gov/opa/pr/jpmorgan-chase-co-agrees-pay-920-million-connection-schemes-defraud-precious-metals-and-us
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Offline ExGingi

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Offline ExGingi

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Re: Forex, futures and stocks trading
« Reply #272 on: January 03, 2021, 04:40:03 PM »
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline AsherO

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Re: Forex, futures and stocks trading
« Reply #273 on: February 23, 2021, 07:38:24 PM »
Forex question:

Is a 1.9T stimulus likely weaken the dollar vs. other currencies? I guess since the stimulus is pretty much a given and only a matter of time, maybe itís already cause the USD to decline...

Offline ExGingi

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Re: Forex, futures and stocks trading
« Reply #274 on: February 23, 2021, 09:22:56 PM »
Forex question:

Is a 1.9T stimulus likely weaken the dollar vs. other currencies? I guess since the stimulus is pretty much a given and only a matter of time, maybe itís already cause the USD to decline...

Not trying to predict one way or the other, but the famous saying that "the USD is the absolute worst currency in the world.... except for all others" comes to mind.

The bottom line is that all (indebted) countries would love to devalue their currency, but have to balance it against other interests and make it ever so slow.
I've been waiting over 5 years with bated breath for someone to say that!
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Offline ExGingi

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Re: Forex, futures and stocks trading
« Reply #275 on: February 27, 2021, 11:50:24 AM »
I've been waiting over 5 years with bated breath for someone to say that!
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Offline ExGingi

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Re: Forex, futures and stocks trading
« Reply #276 on: March 03, 2021, 05:57:00 AM »


Let's just say that I'm comfortable being on the side of some of the smartest guys in the financial markets.
« Last Edit: March 03, 2021, 06:12:33 AM by ExGingi »
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Offline ExGingi

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Offline Zevwolf

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Re: Forex, futures and stocks trading
« Reply #278 on: June 30, 2021, 11:51:17 AM »
Are any YouTube channels on day trading educational or just for entertainment?

Offline ExGingi

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Re: Forex, futures and stocks trading
« Reply #279 on: August 16, 2021, 10:01:49 AM »


Two diametrically opposed opinions. Which one is closer in your opinion?

@ludmila are you around?
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan