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Dirty Spekulants 'can gamble on the euro for the price of a cup of coffee in Starbuck

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    Dirty Spekulants 'can gamble on the euro for the price of a cup of coffee in Starbuck

    "Currencies are the single biggest risk [for investors] at the moment. I'm scared about what's going on," said David Jane, head of equity investment at M&G.

    A fall in the cost of speculating in currencies is allowing hedge funds to make multimillion-pound bets against the euro "for just the price of a cup of coffee in Starbucks", one of Britain's leading investment managers warned today.

    David Jane, head of equity investment at M&G – which controls more than £170bn on behalf of small investors – said it now costs just £1 a day to speculate in £1m worth of currency.

    "Currencies are the single biggest risk [for investors] at the moment. I'm scared about what's going on," said Jane, who has bought insurance against currency movements for much of his portfolios.

    As the Greek government struggles to impose an austerity programme amid widespread strikes by public sector workers, its future membership of the euro could well be decided by hedge funds and investment banks in London. Every day, global dealing in foreign exchange totals around $4tn, 90% of it purely speculative, and London traders dominate the market.

    More: http://www.guardian.co.uk/business/2...-investor-risk

    AtW's comment:

    #2
    Fear not comrade. The dirty Kulaks will eliminated in the next EU five year plan!

    Comment


      #3
      Originally posted by Flashman View Post
      Fear not comrade. The dirty Kulaks will eliminated in the next EU five year plan!


      relocated

      Comment


        #4
        Originally posted by AtW View Post


        relocated
        Fiscal nomad it's legal.

        Comment


          #5
          Investors and Speculators punish bad economies and reward good ones. How it should be.
          Look at a chart of the Canadian Dollar over the last three years.


          IG Index intra day spread on EUR/USD is sometimes 1pip and all the rest of the time 2pips.

          Anyone off the street can effectively speculate for free with IG Index (and other similar firms), they dont charge any commission, just a miniscule spread.
          Last edited by Iron Condor; 20 February 2010, 07:56.

          Comment


            #6
            Originally posted by Iron Condor View Post
            Investors and Speculators punish bad economies and reward good ones. How it should be.


            Aye.
            How did this happen? Who's to blame? Well certainly there are those more responsible than others, and they will be held accountable, but again truth be told, if you're looking for the guilty, you need only look into a mirror.

            Follow me on Twitter - LinkedIn Profile - The HAB blog - New Blog: Mad Cameron
            Xeno points: +5 - Asperger rating: 36 - Paranoid Schizophrenic rating: 44%

            "We hang the petty thieves and appoint the great ones to high office" - Aesop

            Comment


              #7
              Originally posted by Iron Condor View Post
              Anyone off the street can effectively speculate for free with IG Index
              So in your opinion this is how things should be?

              Comment


                #8
                Originally posted by Iron Condor View Post
                Investors and Speculators punish bad economies and reward good ones. How it should be.
                WHS

                How it HAS to be.

                Comment


                  #9
                  Originally posted by Iron Condor View Post
                  Investors and Speculators..
                  Bring long standing institutions to their knees based on no evidence whatsoever.
                  "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

                  Comment

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