Will be no changes!!
Blacksun sounds ignorant, or a Jack of a single trade. A global Currency is defenitly not that far fetched. We have been staring down that barrel for awhile.
A recession is not the thingthat means is there is negative development. If home sales are -2%, that does not signify that the stopped selling homes, just not as many as last year. Now, if they came out and said'we marketed no homes this season', then that would be a problem to those selling homes. Recessions come and go about every 10 years, and unlikely that all countries would be in a recession all at once. Recession or not, there is still people that can not pay their bills, a recession sometimes just means there are more people that can not pay their bills, or it is only tougher. Those that can pay their bills will still have the ability to use the internet and trade Foreign Exchange, proceed with their parents or a friend, and maybe borrow a computer.
So how much of a threat is there that we will see a unifed entire currency?
Would not that be a legestic nightmare for authorities and banks around the world to adopt?
Just how long did it take for the EURO to be born?
I dont believe it will occur. Should it, just go long .Originally Posted by ;
Another thing is that when a Individual can do well in FX trading then They Ought to be able to adapt and also do well at futures and stock trading etcOriginally Posted by ;
In the event the US situation gets much worse and there's a flight from dollars the US authorithes will be at monetary policy crossroads. Can they nicely revert to a gold standard if so then FX trading will probably be doomed - although improbable to happenOriginally Posted by ;
flight from the dollar into the euro as world reserve currency is probable in the future Sooner or Later, since the US do not wish to improve their worsening current account equilibrium