VW scandal and impact on German economy - Traders Hideout | futures io social day trading
futures io futures trading


VW scandal and impact on German economy
Updated: Views / Replies:16,545 / 338
Created: by rleplae Attachments:27

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 27  
 
Thread Tools Search this Thread
 

VW scandal and impact on German economy

  #101 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,095 since Jun 2009
Thanks: 29,192 given, 82,535 received


rleplae View Post
On a 'lighter note', Leonardo DiCaprio is going to produce a film about the VW scandal, Paramount and Appian Way (owned by DiCaprio) bought the rights to the book that Jack Ewing is going to write... Actors and producer not yet known

I'm finishing the very end of Inception right now (seen it a few times). When I read your post, Leo was on screen.

Inception! We need to go deeper...

Sent from my phone

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following 3 users say Thank You to Big Mike for this post:
 
  #102 (permalink)
Elite Member
Omer עומר / Israel י
 
Futures Experience: Master
Platform: NinjaTrader, Proprietary,
Broker/Data: Ninjabrokerage/IQfeed + Synthetic datafeed
Favorite Futures: 6A, 6B, 6C, 6E, 6J, 6S, ES, NQ, YM, AEX, CL, NG, ZB, ZN, ZC, ZS, GC
 
rleplae's Avatar
 
Posts: 2,311 since Sep 2013
Thanks: 1,627 given, 3,421 received
Forum Reputation: Legendary


Big Mike View Post
I'm finishing the very end of Inception right now (seen it a few times). When I read your post, Leo was on screen.

Inception! We need to go deeper...

Sent from my phone

Saw the movie on my last flight to Singapore... nice movie

@Big Mike, my wife followed 6 days of training last week, about 'intuitive communication' with animals for
example with a dog, teacher was Dr Anna Evans, fabulous the type of things that are possible
with our mind...

Reply With Quote
The following 2 users say Thank You to rleplae for this post:
 
  #103 (permalink)
Elite Member
Omer עומר / Israel י
 
Futures Experience: Master
Platform: NinjaTrader, Proprietary,
Broker/Data: Ninjabrokerage/IQfeed + Synthetic datafeed
Favorite Futures: 6A, 6B, 6C, 6E, 6J, 6S, ES, NQ, YM, AEX, CL, NG, ZB, ZN, ZC, ZS, GC
 
rleplae's Avatar
 
Posts: 2,311 since Sep 2013
Thanks: 1,627 given, 3,421 received
Forum Reputation: Legendary


News from VW headquarters

They made a confession that there was not only a fraud software between 2009-2015
but also the 'to be launched' models of next year have a problem...

It think that that production can be put on hold, until a redesign is finished...

That will hurt the numbers and future cash flow
and the factories will halt.. if not quickly solved by engineering...

Reply With Quote
The following 5 users say Thank You to rleplae for this post:
 
  #104 (permalink)
Elite Member
Sarasota FL
 
Futures Experience: Intermediate
Platform: NinjaTrader, Sierra Chart
Favorite Futures: ES
 
Posts: 3,605 since Jan 2013
Thanks: 26,551 given, 11,008 received

VW now is now facing a mandatory recall in Germany:

http://www.nytimes.com/2015/10/16/business/international/volkswagen-germany-reca...ews&WT.nav=top-news&_r=0

Very Bad news for them.

Bob.

Reply With Quote
The following user says Thank You to bobwest for this post:
 
  #105 (permalink)
Market Wizard
Bamberg, Germany
 
Futures Experience: Beginner
Platform: Sierra Chart
Broker/Data: IB, SierraCharts data
Favorite Futures: mini FDAX, ES, GC
 
Posts: 872 since Oct 2014
Thanks: 10,270 given, 1,835 received
Forum Reputation: Legendary

VW's market cap makes it 17th of the DAX 30 at 1,9% of the total cap as of today.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
The following user says Thank You to JohnS for this post:
 
  #106 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,618 since Mar 2010
Thanks: 4,223 given, 25,453 received
Forum Reputation: Legendary


JohnS View Post
VW's market cap makes it 17th of the DAX 30 at 1,9% of the total cap as of today.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

These figures do not show the total market cap, but only take into account the free float of the ordinary shares issued by Volkswagen.

If you add preferential shares (with voting rights) and shares held by large investors, the market capitalization would be over twice as high.

Reply With Quote
The following 2 users say Thank You to Fat Tails for this post:
 
  #107 (permalink)
Elite Member
Omer עומר / Israel י
 
Futures Experience: Master
Platform: NinjaTrader, Proprietary,
Broker/Data: Ninjabrokerage/IQfeed + Synthetic datafeed
Favorite Futures: 6A, 6B, 6C, 6E, 6J, 6S, ES, NQ, YM, AEX, CL, NG, ZB, ZN, ZC, ZS, GC
 
rleplae's Avatar
 
Posts: 2,311 since Sep 2013
Thanks: 1,627 given, 3,421 received
Forum Reputation: Legendary

The VW cars with fraudulent software, are being recalled **mandatory** in multiple countries.
I read comments of people who thought.. i 'll just skip the update, but now it becomes mandatory
then you are left with a car that is not according to the conditions when you bought it (consumption/
power).

One guy started a court case to recuperate his money
Would be curious to see the outcome...

In case of fraud, you most often loose a case
but as this has such big impact on is so far spreading...
this will be at least interesting.

Reply With Quote
The following user says Thank You to rleplae for this post:
 
  #108 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 4,049 since Feb 2012
Thanks: 3,742 given, 7,432 received
Forum Reputation: Legendary

The good news of the recall is that first cars will be called from January 2016...
It is foreseen to clear all problems within 2016...

The bad news according to a spokesman of VW is the fact that a special part
of the supplement equipment for some of the cars will be released not before
september 2016.

All the new diesel models foreseen to launch beginning of 2016 have still no
certification and can therefore not been sold.

Santa seems to have a lot of work next year.

GFIs1

Reply With Quote
The following 3 users say Thank You to GFIs1 for this post:
 
  #109 (permalink)
Market Wizard
Bamberg, Germany
 
Futures Experience: Beginner
Platform: Sierra Chart
Broker/Data: IB, SierraCharts data
Favorite Futures: mini FDAX, ES, GC
 
Posts: 872 since Oct 2014
Thanks: 10,270 given, 1,835 received
Forum Reputation: Legendary


Fat Tails View Post
These figures do not show the total market cap, but only take into account the free float of the ordinary shares issued by Volkswagen.

If you add preferential shares (with voting rights) and shares held by large investors, the market capitalization would be over twice as high.

Thank you for your correction.

Reply With Quote
 
  #110 (permalink)
Elite Member
Omer עומר / Israel י
 
Futures Experience: Master
Platform: NinjaTrader, Proprietary,
Broker/Data: Ninjabrokerage/IQfeed + Synthetic datafeed
Favorite Futures: 6A, 6B, 6C, 6E, 6J, 6S, ES, NQ, YM, AEX, CL, NG, ZB, ZN, ZC, ZS, GC
 
rleplae's Avatar
 
Posts: 2,311 since Sep 2013
Thanks: 1,627 given, 3,421 received
Forum Reputation: Legendary


update : Board of VW and labour council of VW are studying options to lay-off staff

Temporarily and contractors will be first
but most likely some permanent staff will have to be cut also

A savings program that was already started before
will be executed in an accelerated way...

Coming back to the start of the thread, what would be the impact to the German economy ?

Reply With Quote

Reply



futures io > > > VW scandal and impact on German economy

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)
 

Alternative Views on Traditional Tools w/Rhonda Jones

Elite only

FuturesTrader71: TBA

Elite only

Al Brooks: TBA

Elite only

Jigsaw Trading: TBA

Oct 19

RandBots: TBA

Oct 24
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
France Faces 'Devastating Scandal' as Economy Stalls Quick Summary News and Current Events 0 April 9th, 2013 04:10 AM
Libor Scandal: Why Criminal Charges Are Now Likely Quick Summary News and Current Events 0 July 23rd, 2012 04:20 PM
Vatican faces widening of leaks scandal kbit News and Current Events 0 May 27th, 2012 09:19 PM
G-20 Demands German Gold To Keep Eurozone Intact; German Central Bank Tells G-20 Wher Quick Summary News and Current Events 0 November 6th, 2011 02:00 AM
Fed Poised to Aid Economy, But Impact Is Cloudy Quick Summary News and Current Events 0 November 2nd, 2010 10:40 AM


All times are GMT -4. The time now is 09:03 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-09-21 in 0.08 seconds with 19 queries on phoenix via your IP 54.156.58.187