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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:

EUR

Discuss EUR in this thread
 
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Qingyu
manchester, UK
Posts: 1763
12 years ago
Oct 31, 2011 22:13
and froggy said, and ASAD...
Qingyu
manchester, UK
Posts: 1763
12 years ago
Oct 31, 2011 22:12
btw, where is our CA friend bull? long time no see...:)

how is he doing? back to work?
DaveO
N.Cornwall, UK
Posts: 5733
12 years ago
Oct 31, 2011 20:44
ah well I never thought this eu game was to steer EU economy into depression. That would make a bit of sense at last. They are doing a very good job when I thought they were being incompetant
cat0nip
Frankfurt, Germany
Posts: 1632
12 years ago
Oct 31, 2011 20:38
I still maintain China is in a trap. Its economy is still export oriented . If they want to go on and not establish a self sustaining domestic market ( that would mean introduction of minimum wages much higher then now average) they are the bailout cow.
Because it is in the power of the FED the ECB etc. to steer US and EU economies into depression and then China has no more customers, faces social- political unrest , and inflation.
Thus China is not in the driver's seat. I do not think the US will allow anyone to put the USD's role as world trade and reserve currency into question. In fact however this is based on a myth, that the US is autarchic. This has been so after the end of WW II for some years but the myth is still active.
DaveO
N.Cornwall, UK
Posts: 5733
12 years ago
Oct 31, 2011 20:38
They could introduce the death penalty and abolish eu human rights to achieve fiscal rectitude
DaveO
N.Cornwall, UK
Posts: 5733
12 years ago
Oct 31, 2011 20:35
They need someone like china to take a look at Sarcosy expenses and then visit Brussels expenses. Impose some disciplines.
DaveO
N.Cornwall, UK
Posts: 5733
12 years ago
Oct 31, 2011 20:33
yes of course but that aint gonna happen. Pipe dream. EU is sacred cow.
Qingyu
manchester, UK
Posts: 1763
12 years ago
Oct 31, 2011 20:30
ezone never have problem, just a few country spend more than they can afford. kick them out, then everything will be fine.

the next race is welfare cutting, UK is leading the world again.
DaveO
N.Cornwall, UK
Posts: 5733
12 years ago
Oct 31, 2011 20:29
well no, not as clever as our cat but maybe our cat can help them :-)
DaveO
N.Cornwall, UK
Posts: 5733
12 years ago
Oct 31, 2011 20:28
Bond mkts told us all we needed to know about last wednesday. Bond mkts not dumbos.
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