Why this is just a panic, not a meltdown

Discussion in 'Economics' started by pr€dator, Aug 11, 2007.

  1. For day-traders it's probably great, but for positon traders the intra-day whipsaws don't help the stop loss position trades.
     
    #11     Aug 12, 2007
  2. nonam

    nonam

    Why do people keep talking like a meltdown is like a crash?Look at the chart.The US$ will probably continue to trend down at the present rate.What is the big deal?People get used to it.People adjust.There doesnt have to be a crash.
     
    #12     Aug 12, 2007
  3. Casey30

    Casey30

    If what everyone is saying is correct, your supposedly "safe" position of holding money in the bank is probably the most riskiest since either/or both your money is going to be seriously devalued or the bank isn't going to be around to grant your withdraw request. What countries was it were it took a whole wheel barrel worth of money to buy some bread?
     
    #13     Aug 12, 2007
  4. Germany Weimar Republic by printing tons of money....
     
    #14     Aug 12, 2007
  5. Indonesia,

    when i exchanged a $50 bill for some rupes, the gave me a 4 inch stack of paper currency
     
    #15     Aug 12, 2007
  6. When China comes calling that's what they will be receiving in return. $USD must devalue to be able to pay back the loans. C

    China doesn't need to devalue the US does.
     
    #16     Aug 12, 2007
  7. Cash

    <IMG SRC=http://www.elitetrader.com/vb/attachment.php?s=&postid=1565701>
     
    #17     Aug 12, 2007
  8. More cash

    <IMG SRC=http://www.elitetrader.com/vb/attachment.php?s=&postid=1565702>
     
    #18     Aug 12, 2007
  9. Sigh,

    Nothing more than a repeat of 1997, just different variables.
     
    #19     Aug 12, 2007