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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Haim R. Branisteanu who wrote (82367)	6/3/2007 7:07:01 AM
From: westpacific	Read Replies (1) of 110194

Euro - could be the new reserve currency.........after the dollar goes into the toilet. They are not without their problems for sure, Spain, Italy and France carrying boatloads of debt as well - but not anywhere near the levels of USofA. Having Germany in the fold saves them, and Swiss not part of Euro but parked smack in the middle of all of them is not a bad deal either. Germany and Swiss have an awesome manufacturing machine, France also to some extent.... And Europeans have nice savings and most pay off their houses. Is that not what happened in America at one time? Not these days! LOL... My saying for years has been - got EUROs, that will remain so into the future as well. The Euro Zone represent over 700M folks, everyone talks China and India - but Europe is a beast as far as population. Not to mention all those energy reserves in Russia. And Europe will support Russia when the crap hits the fan, believe me. West

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