My next prediction. (The Euro to fall apart)

Daal · Oct 9, 2008

Quote from jprad:

IMHO, you can't have a resilient currency when it is not supported by a uniform political system underneath it that prevents the members from cutting and running once things sour.

jim rogers and milton friedman nailed this a long ago. no currency union has ever survived, if this kind of crisis dont break the euro then nothing will

jprad · Oct 9, 2008

Quote from Gringinho:

You engaged me, remember? "Save the agenda-laden crap."

Yep. I have a nasty habit of attacking America-bashing assholes.

jprad · Oct 9, 2008

Quote from Daal:

jim rogers and milton friedman nailed this a long ago. no currency union has ever survived, if this kind of crisis dont break the euro then nothing will

Yep. A couple of failed banks and the recriminations will start to fly.

Streetwise · Oct 9, 2008

if they are refusing credit cards , then which UK banks are rumoured to be in trouble ?

Anyone know ?

Gringinho · Oct 9, 2008

Quote from jprad:

Yep. I have a nasty habit of attacking America-bashing assholes.

I won't be turning my back to you anytime soon then - thanks for the "heads up."

PS! Lookup what "indoctrination" means - about being unable to view oneself with healthy scepticism or critical reflection...

sammybea · Oct 12, 2008

The Euro SHOULD be falling apart.. but really feel that the Pelosi and obama team should continue to give away free money either way of "Stimulus" payments or spending agendas. The only way they can pay for the programs is essentially to inflate the USD..

Despite the looming recession in Europe, wouldn't this be a great time to go long Euro versus USD?

Dannazione · Oct 12, 2008

Quote from jprad:

Yep. I have a nasty habit of attacking America-bashing assholes.

I've seen many countries, only idiots are nationalists or patriots. It only goes to show an intelligence level equal to that of a bee or an ant, willing to waste his energy and even his life for his people, pathetic

tell me what is it that you get from america that you can't get anywhere else in this crappy world, which makes you try so hard to defend a system that doesn't even give a f*ck about your existence?

I don't defend any one country, nation or group, f*ck them all and f*ck them hard

psytrade · Oct 12, 2008

Someone commented that Italy would fail if the Euro collapsed-

The people at Gavekal have written a book which partially addresses this subject. Their belief is that Italy wants to leave the Euro in order to hide their growing debt. The theory is rather tenuous either way, but there are people making money on the rise in spreads between the haves and have nots of Europe.

I think if you are planning to be short EURJPY here you missed the boat this time.

sammybea · Oct 12, 2008

Quote from sammybea:

The Euro SHOULD be falling apart.. but really feel that the Pelosi and obama team should continue to give away free money either way of "Stimulus" payments or spending agendas. The only way they can pay for the programs is essentially to inflate the USD..

Despite the looming recession in Europe, wouldn't this be a great time to go long Euro versus USD?

http://www.bloomberg.com/apps/news?pid=20601087&sid=aowL0pZeGX4w&refer=home

Gringinho · Oct 14, 2008

Quote from psytrade:

...
I think if you are planning to be short EURJPY here you missed the boat this time.

Yes,
there is mostly an upside there still. I do however think that there will come some opportunities for some EURJPY shorting in the months ahead, but now we need to see how the spillover into the rest of the economy plays out.