Glad to get your mind working somewhat.
There isn't any such thing as a mild recession. Your in a recession or your not. The whole world is not going to a recession. The history books will state a recession... they won't state a mild recession.Originally Posted by ;
Forex may die one day if only three or four currencies will stay. That day, we probably won't find.
Give me three more years, that's all I'm asking for.... Three years.Originally Posted by ;
Have a Fantastic weekend
The foreign currency market will continue to exchange. Companies can go bankrupt, the foreign currency exchange can't go bankrupt. Market will constantly continue to exchange.
Originally Posted by ;
It can cease to exist... that market has 30 years, its not like it has a lengthy story. We can always go back to sound cash or other forms of dumb money that will work with fixed exchange rates and there it goes the market out of the window.
Never underestimate protectionist thoughts when we are heading into a recession.
Talk of world recessions, authorities using tax payer money to bail out underperforming/ bad decision making corporations, and all I could think is, Who is John Galt?
Well I guess I will be the one using all the opposite view. We are heading to a fiscal crisis the likes of which the planet has never seen. When it pertains to the Foreign Exchange market, we'll see more intervention by authorities trying to prop up their currency.
Here's some links to back my opinion up:
US Intervention process:
http://www.newyorkfed.org/aboutthefe...int/fed44.html
The Problem:
http://realestateandhousing2.blogspo...cane-gets.html
The Awful news as it occurs:
http://patrick.net/housing/crash.html
Well, even if this happens, we could still earn money. There will always be differing exchange rates till there is a global currency or fixed exchange rates (which is highly unlikely). This will probably never happen because people simply can get together. So we are fine. In case the world goes to a major fiscal crisis, at the least we FX traders will probably be doin just fine.