From my last post, my count would have the DAX begin to crash in earnest tomorrow. Hence, this is one of those times to concentrate on a possible alternative so one is not left like a deer in the headlights if the market surprises. Given the depth of conviction that the ECB will do whatever is necessary, if necessary, I think we do have to consider the alternative here.
My alt is shown in green. It would mean that (2) is unfolding as a triple three, with us now in a triangular X wave, about to enter a thrusting Z wave up to finish (2).
My alt is shown in green. It would mean that (2) is unfolding as a triple three, with us now in a triangular X wave, about to enter a thrusting Z wave up to finish (2).
DAX 60
Gavyn Davies has a great article on this issue of ECB monetization up at the FT. I highly recommend you read it. I put my own two cents worth forward in the comments section, rather sarcastically. My comment is reprinted for you below.
Apparently, the world is on the verge of entering a blissful state of Utopia (from the Greek for "no place") driven by the monetization of debt. Debtors rejoice - all is forgiven! Creditors relax - you will be paid with newly printed fiat "money ." Those of you who have worked hard, innovated, produced and saved for your futures and childrens' futures, we thank you. It is through your generosity that your rather less motivated and productive, yet newly christened brethren are delivered.
Centuries of inequality, nationalistic strife, and hardship are simply disappeared by the decision of an omnipotent, unelected Italian bureaucrat! It's a miracle.
Just one question about the economic model for this new age:
Shall we call it 'COMMUNIST CAPITALISM," or "CAPITALIST COMMUNISM?"
Centuries of inequality, nationalistic strife, and hardship are simply disappeared by the decision of an omnipotent, unelected Italian bureaucrat! It's a miracle.
Just one question about the economic model for this new age:
Shall we call it 'COMMUNIST CAPITALISM," or "CAPITALIST COMMUNISM?"
