may be of interest someone said on the xjo thread "Euro on life support." I agree. and appreciate the expertise shared unselfishly on the xjo thread, as well as consideration for those inexperienced with the technicals. Decided 2 months ago I wouldnt touch the markets with a 10 foot pole. A fundamental approach Id like to tentavely share is;
http://www.businessspectator.com.au/bs.nsf/Article/Dont-bet-the-house-on-China-pd20100504-54SYA?OpenDocument and.... " More interestingly 25% of the Greek public debt is held by Greek residents.And the bulk is held by European financial institutions, notably France & Germany > ......so will be cheaper for them to bail out the country , help Greece get their act together, rather than not help and end up having to bail out their own banks. http://www.aireview.com.au/index.php?act=view&catid=8&id=11416&setSub=1 Main indicator for the moment is that liquidity continues to flow between European banks. A concern is the money going into the US$..making their exports more expensive.Hope Im talking through my hat. and so good to have Redbacka back.
