GWTW Forum
December 21, 2014, 04:58 AM *
Welcome, Guest. Please login or register.
Did you miss your activation email?

Login with username, password and session length
News:
 
   Home   Help Forum Info Login Register Chat  
Welcome to the GWTW Forum.
Guests (non-registered users) can view the forum but are unable to post.  If you don't have anything to say then why would you bother to register?
One of the most popular sections of the GWTW Forum has long been the Swap Meet.  A great place to sell old, seldom flown kites or to get great deals on used (gently flown) kites.  Only registered users can see the Swap Meet section, let alone wheel and deal.  1000's (literally) of kites have changed hands thanks to the Swap Meet.
There are several more benefits to being a registered user, but you'll have to join our little community to find out all the "secrets".
Questions or concerns? Contact Steve ... just drop an email to: forum.gwtwkites@gmail.com

Pages: [1]   Go Down
  Print  
Author Topic: Euro  (Read 1483 times)
0 Members and 1 Guest are viewing this topic.
rxburner
Guest
Trade Count: (0)
« on: May 22, 2010, 12:01 PM »



Okay..... if this keeps up there may be some nice kites showing up from across the Pond.
Rx
Logged
tpatter
Trade Count: (+24)
*****
Offline Offline

Posts: 2010

Location: Seattle, WA

WWW
« Reply #1 on: May 22, 2010, 12:09 PM »

Funny, I was just thinking the same thing a few days ago as I looked over the TNT, 7, and was wondering about the timeline of the rebirth of the MohawkXS.
Logged

6 kite tom
Bgywrinkle
Trade Count: (+1)
**
Offline Offline

Posts: 61


Location: W. Peabody, MA

« Reply #2 on: May 22, 2010, 12:18 PM »

Whish it had been that low in November when I got my Dragon.  Oh well next time.
Logged

May you be the kind of person your dog thinks you are.
indigo_wolf
Trade Count: (+10)
*****
Offline Offline

Posts: 1214


Location: North of Washington, DC (USA)

« Reply #3 on: May 22, 2010, 05:41 PM »

Whish it had been that low in November when I got my Dragon.  Oh well next time.

Don't want your dragon to get lonely..... definitely time to get another. 

Leave them alone long enough and you might get hatchlings  Huh

ATB,
Sam
Logged
lylenc
Trade Count: (+1)
***
Offline Offline

Posts: 254

Location: Walla Walla, WA

« Reply #4 on: May 22, 2010, 05:43 PM »

In November 2009 at 1.51.47, everyone thought the Dollar was toast. Gisele wanted to be paid in Euros instead of Dollars. That's a sign a reversal is imminent.

Now, at the Euro low this week at 1.2143 everyone thinks the Euro is toast and they want Dollars. Signs are pointing that it's about time for another reversal with a Euro rally in a counter trend move to catch everyone on the wrong side again. When most everyone jumps back to the Euro bandwagon again in a few months, it will be time for another reversal with the Dollar set to resume it's run.

All currencies are headed to the basement. They just take turns getting there faster relative to each other for periods of time. We are in a debt bubble deflation that is going to take years to work through. It won't be painless for anyone or anywhere. It's global.

Most people think we are in a V recovery and a new bull market from the 2007 -2009 recession and the March 2009 stock market low. A few of us contrarians think we've been in a bear market rally until the end of April. It's trapping people on the wrong side again (hedge funds and mutual funds anyway - most of the public has been scared out an never got back in).

Once the fund managers figure out they won't be able to dump on the public but onto each other, it's a game of chicken to see which manager blinks first. They will all head for the exit at the same time - aka the flash crash a few weeks ago.

If correct, there should be more flashes and the March 2009 stock market lows should be blown out big time as the "real" panic sets in this time. The 2008 decline was just a warm up for this one. People and corporations went broke in 2008 - governments are going broke this time. Governments are out of ammunition to kick the can down the road much longer.

I've been accused of being a pessimist, but I prefer to think of it as being a realist, with probabilities favoring a downtrend. There are probabilities for more uptrend, but they are decreasing by the week. Someday there will be a new long-term uptrend, but I think it's years away.

« Last Edit: May 22, 2010, 06:33 PM by lylenc » Logged

Craig     Walla Walla, WA     Just One More!
JimB
Global Moderator
Trade Count: (+6)
*****
Online Online

Posts: 1164


Location: NYC

« Reply #5 on: May 22, 2010, 09:21 PM »

+1
Logged
zippy8
Board Moderator
Trade Count: (+13)
*****
Offline Offline

Posts: 1021


Location: Vihtavuori, Finland

WWW
« Reply #6 on: May 23, 2010, 03:11 AM »

BTW the main reason given for the Euro falling so far is that Greece, one of the sixteen countries that use it as official currency, has screwed up its economy by lying, deceit and general idiocy. It should be noted that Greece supplies 2% of the EU's GDP. A disinterested observer might come to the conclusion that this is far more about The Markets making money for themselves as they force the Euro down and bet on this happening rather than anything, you know, real. We remain in the hands of charlatans and scoundrels.

The upshot will be cheaper EU exports and a faster recovery for that area so..... buy euro-kites.  Grin

Mike.
Logged

Virtual Freestyle - ǝlʎʇsǝǝɹɟ lɐnʇɹıʌ
kiteking
Trade Count: (+11)
****
Offline Offline

Posts: 902


Location: Brookings, OR)

WWW
« Reply #7 on: May 23, 2010, 12:25 PM »

My son leaves for France next week, he got a great exchange rate for getting euro's to take with

Hopefully his money will last longer


Logged

* *
"Wind to your back, Kite in the sky."

MikeM
Brookings, OR  - KP 4-11

* *
#518  -    #110883 -

david barnby
Trade Count: (+3)
***
Offline Offline

Posts: 208


Location: France

« Reply #8 on: May 23, 2010, 01:49 PM »

the first graph is a small data sample - big picture shows there is a long way to go



[attachment deleted by admin]
Logged
lylenc
Trade Count: (+1)
***
Offline Offline

Posts: 254

Location: Walla Walla, WA

« Reply #9 on: May 23, 2010, 08:35 PM »

"Greece ... has screwed up its economy by lying, deceit and general idiocy."

There are about 193 countries doing that to one degree or another - that's the way governments work, with an emphasis on idiocy. There never is "change," just different versions of idiocy.

If a story is needed (I happen to believe a story isn't needed), it is that the global debt load is not sustainable. It's a zero sum game. Not everyone at the same time can devalue their currency to increase exports, reduce defecits, and payoff debts without a decline in anyone's economy. Globally, we crossed the debt tipping point a long time ago ... now, it is not a question of if, but when will it implode. Soon, imho.

Individuals and businesses have been paying off or defaulting on debt. Governments are tying to fix the problem by issuing even more debt. There is no advancement towards resolution of the problem ... in fact the problem is bigger due to diminishing returns on each unit of new debt. DOH!

Markets bounce up and down in cycles and trends no matter what is in the news. The commentators often use the same story to explain both the ups and the downs, if they can't think of anything more "intelligent" to say. Greece just happens to be the convenient story of the moment; it fits what the market is doing.

We are in a 300-year down cycle, which is offset by the gyrations up and down of 100-year, 50-year, and shorter time periods' cycles. Today's news is only a small cog in the wheel. The 1929 crash was part of a smaller cycle building block in the uptrend portion of the 300-year cycle. This crash during the downtrend portion should be significantly worse than 1929, since more cycles are lining up to the downside at the same time. It doesn't have to be  worse, but the probabilities point that way.

Caution, most of the above is a minority view - contrarian. Amost everyone thinks it is pure BS. They are entitled to their opinons, too.
Logged

Craig     Walla Walla, WA     Just One More!
Pages: [1]   Go Up
  Print  
 
Jump to:  


kmacFab
kmacFab

Kite Classifieds Ad
Kite Classifieds

A Wind Of Change
A Wind Of Change

Untitled Document
Untitled Document

Kite Classifieds Ad
Fly Market

A Wind Of Change
skyshark

Kitebookie
Kitebookie.com

Untitled Document

Untitled Document
Untitled Document

Our forum is made possible by the good folks whose ads appear above and by the members of our community (PayPal donation button at bottom)
In case you missed it each ad is linked to the sponsors web site.  So please, take a moment and visit our sponsors sites as this forum wouldn't be possible with out them.
Interested in running an ad for your business or kiting event?  Contact Steve at advertise.gwtwkites@gmail.com for a quote.

Cal Custom

Support the GWTW Forum

Powered by MySQL Powered by PHP Powered by SMF 1.1.8 | SMF © 2006-2008, Simple Machines LLC
SimplePortal 2.2.1 © 2008-2009
Valid XHTML 1.0! Valid CSS!