My next prediction. (The Euro to fall apart)

It wouldn't suprise me. I think when there is a crisis (obviously there is one now), you will see that national self interest takes precedence over the Euro Zone.
 
All those who "knew" were short the US markets... and they are being chastised nowadays as profiteers.
Warren Buffet on the other hand - "fear when there is greed, greedy when there is fear" - is seen as a knight in shining armour.

The rationale for the Euro falling apart was absolutely stunning and convincing. A nice example of investment in brainpower.
:D
 
Quote from KINGOFSHORTS:

Everyone thought I was out of my mind when I predicted dow breaking 10K a few months ago.

My next prediction.

Severe Euro destabilization. I would not be surprised if you see Germany etc.. secede from the Euro and go back to national currency. It will be a domino effect. EU will squabble and fall apart and with it the Euro will go.


This sounds crazy. But the ominous signs are already showing.
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LOL, beat you to it..

http://www.elitetrader.com/vb/showthread.php?s=&postid=1973678#post1973678
 
I wrote my Thesis on how the EURO would never work long term in 1997 when they were in the "peg" stage

Something like what is happening now...where different countrys have differing opinions would be the beginning and nationalism and country strains would finally be the final "tear"


I agree with your post....and have told my buddies....it may not happen soon...but in our lifetime (next 20-30 years) the Euro will not exist

I have many european friends who HATE The euro as it has ruined their purchasing power in relation to germany, france, etc
 
would be interesting to plot the correlation between successful traders and 'traders' who post predictions (irrespective of whether they come to fruition or not) on annon web boards. my guess is it's a pretty good fade...

btw... been watching much cnbc europe lately? cause there was a long discussion with some euro economist about this 24 HOURS AGO.

oh, and... feel free to post a screen shot of your massive euro short (being the king of shorts, and all, i would assume you loaded the truck b4 posting your wisdom to the awestruck masses)
 
Quote from forestfire:

The Euro falling apart is a unlikely yet plausible possibility in my opinion. Where would that leave the major currencies? Has anyone got an opinion on what that would do to the dollar, sterling or the dollar versus the sterling?
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Just my opinion but I think it would make the dollar very strong.

If the Euro ceased to exist and the participating countries went back to their old currencies/interest rates there would be some safe-haven buying in sterling but being so inter-linked with Europe there would be a really strong bid to the dollar.

I would expect GBP/USD to be 1:1.
 
Quote from pclark:

I hope your right. I would love to go back to Italy and not have to pay twice as much for everything I did or ate while there. That is assuming the dollar doesn't slide right along w/it. Probably will though. (thats not a prediction :) )

Paul
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If the Euro falls, italy is bancrupt in 1 week.
 
The positives in the EU trading bloc and the single currency commerce far outweigh the negatives in the current financial turmoil. The strength of the EU bloc is still in it's diversification and inherent trust, while the Euro is a facilitator for the markets.
 
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