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Posts Tagged ‘gambler’

The yen and New Zealand dollar are weak but the overall profile of the forex market has changed very little over the past 24 hours. Traders continue to digest U.S. tax proposals and the bond market continues to second-guess the wisdom of lowering taxes and extending benefits while facing record deficits.

Nerves in the bond market were calmed somewhat by a decent auction for 10-year U.S. government notes. The Treasury department sold $21 billion in notes at 3.34% with an average bid-to-cover ratio. This was nearly inline with market expectations and buried speculation about a buyers strike.

The dollar gave up some of its gains following the auction and that allowed commodities and ‘risk’ trades to make some minor headway.

There are rumors that China could hike interest rates after it moved up the release of several key economic data points. The Chinese National Bureau of Statistics will release its key economic indicators on Saturday, instead of the planned Monday release.

The bureau said it changed the date to keep the time of the release consistent with previous months but market participants feel like it has been done to give them more time to digest the data. A similar scenario unfolded in September but the central bank did not follow up with an interest rate hike. They did hike rates on Oct. 19 after inflation rose to 4.4% compared to the 4.0% economists were expecting. In Saturday’s data, the CPI is expected to rise further to 4.7% and future rate hikes are certain (but the timing remains a mystery).

The government said on Friday it will shift its monetary policy stance to “prudent” next year from “moderately loose” now. An article in the China Securities Journal cited analysts saying the central bank may take action on the weekend. Chinese rate hikes generally result in risk aversion and a drop in commodity prices. The Australian dollar often bears the brunt of rate changes while CAD and NZD also decline. Content provided by AroundFX.com.

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The addiction to gambling can strain your relationships; interfere with responsibilities at home and work, and lead to financial catastrophe. You tend to do things you never thought you would, like stealing to get money to gamble or take money meant for your children.

As defined by American Psychiatric Association, pathological gambling is an impulse control disorder that is a chronic and progressive mental illness. Extreme cases of problem gambling may cross over into the realm of mental disorders. Pathological gambling was recognized as a psychiatric disorder in the DSM-III, but the criteria were significantly reworked based on large-scale studies and statistical methods for the DSM-IV.

Compulsive gamblers keep gambling whether they’re up or down, broke or flush, happy or depressed. Gambling addiction, also known as compulsive gambling, is a type of impulse-control disorder. Compulsive gamblers can’t control the impulse to gamble. Gambling is all they can think about and all they want to do, no matter the consequences. Even when they know the odds are against them, even when they can’t afford to lose, people with a gambling addiction can’t “stay off the bet.”

Problem gamblers typically deny or minimize the problem. It is sometimes referred to as the “hidden illness” because there are no obvious physical signs or symptoms like there are in drug or alcohol addiction. Gamblers take extreme steps to hide their gambling. For example, problem gamblers often withdraw from their loved ones, sneak around, and lie about where they’ve been and what they’ve been up to.

Available research seems to indicate that problem gambling is an internal tendency, and that problem gamblers will tend to risk money on whatever game is available, rather than a particular game being available inducing problem gambling in otherwise “normal” individuals.

However, research also indicates that problem gamblers tend to risk money on fast-paced games. Thus a problem gambler is much more likely to lose a lot of money on poker or slot machines, where rounds end quickly and there is a constant temptation to play again or increase bets, as opposed to a state lottery where the gambler must wait until the next drawing to see results.

Unlike other people, gamblers fail to recognize that gambling puts them at risk of losing all of these attributes and that gambling is a random process, where the odds are stacked against them, so they are more likely to lose than to win. Money is central to the experience of gambling. Gambling addicts, as with other people, attach many different positive attributes to money, such as power, comfort, security and freedom. Furthermore, when they do win, people with gambling addictions tend to gamble away their winnings quickly.

The biggest step in treatment is realizing you have a problem with gambling. It takes tremendous strength and courage to own up to this, especially if you have lost a lot of money and strained or broken relationships along the way.

You can gain the benefits of dual diagnosis treatments . It is vital and important to know about intervention .