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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
I notice Al gets a bit nervous about EUR....Draghi magic....
I have another idea....EUR continues to be the weakest of all majors, relatively. A good explanation is ECB is out of liquidity... because of LTRO payback, he he. In a fiat money system the value of a currency approximates zero when all debt is payed off. In a fiat money system the value of a currency approximates zero when there is no liquidity to pay off debt.
So we know there must be an optimum.
If anyone feels the need to make a donation...I take dollar and pound cash.
GAY MOUNTAIN RHUM
Iggy do u know this chick? looks like one of your girls
I am only very prudent on Don Draghi's tricks