Easy Money!

Simple trading, easy money. It really doesn't get much easier than the EUR/USD and USD/CHF so far this year. EUR/USD has been in a nice range as some may call it for most of the year enabling low risk high reward trades to be executed. Trade the range traders! The USD/CHF has also been giving up some good trades. Where has it gone since the first of the year? Up...UP...UP. With a few brief pullbacks this pair has gone up. The USD/CHF has been text book, enabling The FXGrail traders to make very nice profits. Congrats to all that have been Grail trading these pairs, low risk, high reward, just the way we like it. Discipline and patience pays off....big time!

After digesting the new stimulus bill I have to say I am not a huge fan of it. Common economics say that if you want to stimulate the economy the fastest way is to cut taxes, put the money into the hands of the consumer and they will spend it. Although there is some of this in the new plan, I don't feel it is a big enough chunk. A lot of $$$ is going to save homeowners from foreclosure. Don't get me wrong, I don't want anybody to lose their home but somewhere the individual or individuals have to take responsibility for making the mistake of signing a mortgage they could not afford. We bailed the banks out because they took too much risk, now we bail the homeowner out because he/she took too much risk, yet we (the government) wants all kinds of restrictions on any money given to the big three automakers. I guess I don't quite understand that approach.

Who does the government think is the middle class? I will tell you who made (notice I said made) up a large part of the middle class. The autoworkers and all those tied to the auto industry. Who do you think bought the cars that the big three manufactured? The guys that built the cars, made parts for the cars, etc. Without them this country is going to have a hard time getting nback on track. Seems this is the industry we need to bailout. Is there problems in the auto industry? Yup. Can they be fixed? Yup. Will it help the economy? Manufacturing has been the backbone of this country for over a century. What happens when you tear the spine out of something? It dies....period!

For another day: The wonderful SEC and the scam artists.....Don't get me started.