Gringoes.com: Exchange Rate Predictions 2012

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frank4000
Senior Member

Joined: 29 November 2008
Location: Trinidad and Tobago
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Posts: 1512

Posted: 03 July 2012 at 17:35

It would appear so. I myself have looked into the profitability of forex market, but it is bit to volatile for me.

Edited by frank4000 - 03 July 2012 at 17:43

Meu Vizinho Jogou um semente no seu quintal

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Grads
Senior Member

Joined: 20 March 2011
Location: Brazil
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Posts: 604

Posted: 03 July 2012 at 18:38

LIBOR

Quem puxa os seus nao degenara.

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Esprit
Gringoes.com Guru

Joined: 28 January 2010
Location: Brazil
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Posts: 2369

Posted: 03 July 2012 at 18:44

Originally posted by Grads

LIBOR

Scandal, corruption, resignation, investigation, jail-time? Don’t be silly! So business as usual then.

Esprit

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spongebob
Gringoes.com Guru

Joined: 18 June 2007
Location: New Zealand
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Posts: 2730

Posted: 04 July 2012 at 06:40

Originally posted by tbird

I see that I'm not the only day trader around here. That's cool.

Do you trade forex or futures? Today is [probably] going to suck because it's July 4th and US markets are closed.

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tbird
Senior Member

Joined: 15 June 2012
Location: Brazil
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Posts: 521

Posted: 04 July 2012 at 06:52

I trade forex. Yeah I have two orders in that probably won't get filled. Shopping, beers, pool all good options today.

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spongebob
Gringoes.com Guru

Joined: 18 June 2007
Location: New Zealand
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Posts: 2730

Posted: 05 July 2012 at 08:49

wow.. 0% interest rate in europe, here we come! Just lowered it to ,75%. Maybe Brazil will have to do it very soon again too....

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spongebob
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Joined: 18 June 2007
Location: New Zealand
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Posts: 2730

Posted: 05 July 2012 at 10:45

bye bye reduced IPI on vehicles. New car sales were almost 11% better than expected. Came in around 22%.

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DonVito
Senior Member

Joined: 01 February 2010
Location: Brazil
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Posts: 108

Posted: 05 July 2012 at 11:23

Spongebob, You'd think/hope that the government would get the message that "Hey, if we lower taxes, people will buy more cars." They could make at least some of it back up on the front side. (tax the manufacturers A LITTLE more) and hide the taxes. Never mind the fact that they're getting more revenue from the increased auto sales. Rather than being right in the consumer's face, saying "If you buy this car, you have to give us money in taxes", along with the taxes the manufacturer pays, with that cost is passed on in the price. The income tax rates are 11% and 27%. But I wonder what the actual tax rate is when you factor in all the taxes that you pay for everything, especially when you buy consumer goods. Yeah, I know this is a little off topic, bue it seemed to go with your post. ;)

"Keep your friends close, but your enemies closer" - Vito Corleone

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Esprit
Gringoes.com Guru

Joined: 28 January 2010
Location: Brazil
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Posts: 2369

Posted: 05 July 2012 at 11:58

An economy based on consumption via borrowing; don’t we know a song about that? Lower interest rates to increase inflation which, in turn, dilutes debt thus making it possible to borrow more; ah, the poetry of Krugman economics.

Esprit

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spongebob
Gringoes.com Guru

Joined: 18 June 2007
Location: New Zealand
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Posts: 2730

Posted: 05 July 2012 at 12:42

Originally posted by DonVito

Spongebob, You'd think/hope that the government would get the message that "Hey, if we lower taxes, people will buy more cars." They could make at least some of it back up on the front side. (tax the manufacturers A LITTLE more) and hide the taxes. Never mind the fact that they're getting more revenue from the increased auto sales. Rather than being right in the consumer's face, saying "If you buy this car, you have to give us money in taxes", along with the taxes the manufacturer pays, with that cost is passed on in the price. The income tax rates are 11% and 27%. But I wonder what the actual tax rate is when you factor in all the taxes that you pay for everything, especially when you buy consumer goods. Yeah, I know this is a little off topic, bue it seemed to go with your post. ;)

I did a calculation, don't know if it's actually right. But he total tax came in at some absurd rate of something like 80% (for someone with my consumption habits). Maybe someone else has done this too. I'd be curious to hear their calculations.

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** Just sayin' **
** Make lemonaid out of lemons. **
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