The government can implement all the rules and regulations it deems necessary but the bottom line is the people must change their ways. We Americans are way over extended. We have used credit upon credit to buy our new flat screens, to secure mortgages that are way over our budget, to drive the newest luxury suv's. Americans have forgotten the most important lesson-Live within your means!
We can blame the lenders all we want but the bottom line is we the people have created this mess.
Tuesday, April 8, 2008
Saturday, April 5, 2008
So It Is!
So it is. Bernanke, in typical Fed speak, has mentioned "recession". What does this mean? Not much really. The US economy has been slow for quite sometime. Unemployment has topped 5% and growth has been stagnant for quite sometime. Is the world going to end? No. Most economists figure that the feds will continue to lower rates, some thinking they may keep lowering into 2009. Most all agree that the economy will start to pick up in the 2nd half-3rd quarter of 08'.
What does all this mean for the poor dollar? Lots of volatility, excellent trading opportunities, and an interesting time to watch the buzzards on Wall Street. As I have said numerous times, the buzzards feed of this and induce panic, making a self-fulfilling prophecy. The Bear Stearn mess was the perfect example of this.
Washington, in all their wisdom, thinks that thay can fix this mess. I am not so sure a few more regulations and restrictions will make much difference as I think the problem is much more involved. I think we must look at the american public and the habits we all have.
More to come.....
What does all this mean for the poor dollar? Lots of volatility, excellent trading opportunities, and an interesting time to watch the buzzards on Wall Street. As I have said numerous times, the buzzards feed of this and induce panic, making a self-fulfilling prophecy. The Bear Stearn mess was the perfect example of this.
Washington, in all their wisdom, thinks that thay can fix this mess. I am not so sure a few more regulations and restrictions will make much difference as I think the problem is much more involved. I think we must look at the american public and the habits we all have.
More to come.....
Friday, March 28, 2008
Mortgage Mess
It is very disturbing to me that the government wants to use my hard earned money to bail out irresponsible homeowners. Don't get me wrong I don't want to see anyone lose their home but come on. What happened to people being responsible for their own decisions?
Would I like to live in a bigger home? Sure would, everybody would. The problem I have is many purchased homes that even my dog could have figured out they couldn't afford. Sorry idiots you should have known that when you make $30,000 a year you couldn't realistically afford a $300,000 home. It's not rocket science folks, we shouldn't bear the brunt of stupidity.
The gov bailing out Bear Stearns was a different story. Yes they are idiots also but to prevent a collapse of the financial system in this country, it had to be done. I'm not happy about it but being involved in what we're involved in, we should understand the ramifications if the idiots at Bear Stearn were allowed to collapse.
Gov-Stop bailing out idiots, put some responsibility back on the banks and the individuals who created this mess. It's time the Feds stop holding the hands of the morons.
Fiscal responsibility, something apparently the Feds and a lot of this country have no clue about!
Would I like to live in a bigger home? Sure would, everybody would. The problem I have is many purchased homes that even my dog could have figured out they couldn't afford. Sorry idiots you should have known that when you make $30,000 a year you couldn't realistically afford a $300,000 home. It's not rocket science folks, we shouldn't bear the brunt of stupidity.
The gov bailing out Bear Stearns was a different story. Yes they are idiots also but to prevent a collapse of the financial system in this country, it had to be done. I'm not happy about it but being involved in what we're involved in, we should understand the ramifications if the idiots at Bear Stearn were allowed to collapse.
Gov-Stop bailing out idiots, put some responsibility back on the banks and the individuals who created this mess. It's time the Feds stop holding the hands of the morons.
Fiscal responsibility, something apparently the Feds and a lot of this country have no clue about!
Sunday, March 9, 2008
The Correction?
Recession or not? It really doesn't matter. Whatever you call it, it is in fact a nice correction to the economy. No economy can expect to have continuous growth quarter after quarter after quarter. It is a correction that in my mind is much needed.
People have been living way over their means for quite some time. Who doesn't know somebody that is or was in a house that you knew they shouldn't be able to afford?
It is inevitable that the market corrects. Whether it be housing, stocks, forex, the market must always correct itself. In essence, the market is resetting itself. Will there be pains? Most certainly . Is it the end of the world? Not hardly. Buckle down, it will be a bumpy ride.
We are close to the launch of a new cheaper version of The FXGrail. Will it be as powerful as the original? No, the original is the complete program that I trade. It will however be a very powerful method/module that will make a lot of people a lot of pips. It's a scaled down version of the very popular FXGrail. More on this later.
People have been living way over their means for quite some time. Who doesn't know somebody that is or was in a house that you knew they shouldn't be able to afford?
It is inevitable that the market corrects. Whether it be housing, stocks, forex, the market must always correct itself. In essence, the market is resetting itself. Will there be pains? Most certainly . Is it the end of the world? Not hardly. Buckle down, it will be a bumpy ride.
We are close to the launch of a new cheaper version of The FXGrail. Will it be as powerful as the original? No, the original is the complete program that I trade. It will however be a very powerful method/module that will make a lot of people a lot of pips. It's a scaled down version of the very popular FXGrail. More on this later.
Wednesday, February 27, 2008
Time To Roll
It has been an interesting start to the new year. The buck continues to get hammered as the US economy sputters around. March should be very interesting as many pairs sit at or near all time hi/lo's. Will the dollar make a comeback? Should be a fun ride.
Sunday, January 27, 2008
Nice Set-Ups
We are looking at some great potential trades tonight. Eur/Usd, Eur/Cad, Eur/Aud, Usd/Cad, all look like they may give up some pips. What is our mantra-Patience, the trades always come.
Grail members don't forget to check "The Round Table", charts are there now.
Grail members don't forget to check "The Round Table", charts are there now.
Friday, January 4, 2008
2008
The FXGrail really took off in 2007. It was a very good year for all grail traders. Some of the results were absolutely incredible. We would like to thank everyone for the success in 2007. Lets make 2008 even better (some of you are already off to an excellent start)!
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