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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
this one is SHORT, that one is LONG...i stay aside as long as it shows me any clearer signals to choose site..
The Dollar itself is just so overvalued because of its reserve currency status. It will weaken again like it did the past 90 years.
The Pound? Well I wouldn't touch it for years... ;) Same is true for the Yen.
I agree that the "construct" of the Euro is a bit clumsy but I've heard so many people talking about the end of the Euro all the years... Of course it's still a very young currency but the ECB is one of the best central banks out there.
So far the self proclaimed currency experts from 16 Eu countries believe it is enough to show the money. No it isn't. They must show the cards, too. Large straight? No. Full house? No. Big blind? Yes.
"If the ocean was whisky and I was a duck,
I'd swim to the bottom, and never come up..."
Just thought I'd lighten the tone of this currently doom-laden thread.
Well the pound sterling has been doomed for all of my life (I'm of the baby-boom (not doom) generation), but, mirabile dictu, it is still worth more than one and a half US dollars as we speak.
Meanwhile if you really want some doom and gloom-laden fun, go and look at the comments on almost any article in Zerohedge. When they're not polishing their physical gold, they're cleaning their guns or stocking up on food, water, and fuel for the emergency generators.
Oh yes, and I love the name "Zimbabwe Ben" someone there used for the more familiar "Helicopter Ben".
yes exactly so therefore I'll stay short EUR. EUR is doomed.
the euro has soon rock bottom
the upcoming statement from the ecb on rmbs and cmbs will help boost the euromortgage market and thus the euro. all german landesbank and are in absolute needs for a continuation in ecb program.