I'll handle the boat, Daytr can place the trades and Bull can be the cabin boy
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I'll handle the boat, Daytr can place the trades and Bull can be the cabin boy
I don't own a yacht at the moment, so yes sail on my sister's plastic fantastic. Used to own a double diagonal kauri Lidgard. Now have a classic fishing boat. Will return to ownership of a yacht when I have more time. Some good sailing glass boats out there nowadays, but probably not your average beneteau.
SailorRob, Daytr, and Bull,
Three sailors with a shared goal,
They navigate the seas,
Trading stocks with great ease.
On a yacht with a trading floor,
A 12 screen platform they explore,
Charts and graphs at their command,
Their trading strategies well planned.
SailorRob, the captain, leads the way,
Navigating through the waves each day,
His experience and skill,
Guide them through storms with great thrill.
Daytr, the analyst, reads the market,
Predicting trends and making a target,
His knowledge and insight,
Help them make trades that are right.
Bull, the trader, executes with speed,
His intuition, their greatest need,
Buying low and selling high,
Making profits that reach the sky.
Together they sail and trade,
A team that cannot be swayed,
Onward they go with the tide,
Their journey, a thrilling ride.
Should be a law against it.
For those interested in banking...
Remember my response to the above where I stated this was a dramatic misunderstanding and then I got attacked and told 'Mate I worked in international banking for 20 years in both London & Sydney in the wholesale markets. I'm not here to educate you on how banking works'. Which then led to me defending myself and so on...
Well in case I got it wrong I wrote to Michael Reddle, one of New Zealand's premiere banking experts https://www.centralbanking.com/author/michael-reddell
I asked him;
'Michael, would you say NZ banks primarily make loans by borrowing from the reserve bank and then lending it out at a margin'? (please note this is a directly taken from Daytr explanation).
His reply;
'No definitely not. Generally banks have v low levels of borrowing from the cen bank (and on the other side of the balance sheet their deposits with the cen banks pre Covid were 1-2% of total bank assets)'.
So... as I said yesterday... Datry misunderstood how banking worked and then attacked me for pointing it out. Perhaps I should not have been so rude about it but it is important if you are posting publicly that you strive for accuracy with what you state particularly if you claim to be an expert and to shut down others using your professional credentials as proof they're wrong.
No hard feelings Datry, but I am sorry I stand behind what I said. You have a dramatic misunderstanding of basic banking.
Please people, keep it REAL.
He would probably say that yes it should be, but the question is over what time period is it designed to be a store of value?
Obviously fiat over history has never been a good store of value over any extended period, and I would argue that with the central banks of the world telling you and even by law ensuring it loses at least 2% of its value each year, and if it starts to look like it wont lose 2% of its value they go into a massive tail spin and designing negative interest rates etc.
So what it should be and what it is and over what periods are the moot points.
But if you plan to use 'money' in its fiat form to store value over a period of time exceeding a few years then that's not what it's designed for.
When J.P Morgan said Gold is Money and everything else is credit, this was relating to the debt based fiat system vs Gold which is nobody elses liability.
So yes it is a store of value, but one that is designed and prescribed by law to NOT store value over the long term.
Neither does Gold.
OPEC+ announces surprise oil output cuts
https://www.reuters.com/business/ene...ts-2023-04-02/
not to good for inflation reading mth's ahead if it holds.