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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.29+0.6%4:00 PM EST

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To: TobagoJack who wrote (21177)8/14/2007 7:57:06 AM
From: elmatador  Read Replies (1) of 217570
 
Chart of the day: Euro rise killing European competitiveness economies of Europe. Those countries -Spain is a case in point- facing collapse needed a boost.

Spain was going under TJ said.

Message 23772987

Thus weakening the Euro wasd the solution. sub-prime gave the impetus. Deutsche Bank Ackermann came to fore to tell IKB was dying and created the liquidity 'crisis'.

Message 23758518

Another bank that create a 'criis'. BNP. Both European banks. sub-prime on 350bn bank is chicken feed!

ALMIGHTY EURO


• What Is Happening: Spats over the euro's continuing surge suggest that some countries and industries handle a strong currency better than others.
• Reaction: France renews its quest to talk down the currency, riling the ECB.
• What's Next: An even stronger euro could broaden grousing and put national differences into sharper relief.

Sarkozy new persident needs a helping hand too!!

Many Southern European countries, by contrast, have stuck to goods such as textiles, and are losing market share to low-cost rivals in emerging markets.

Strong Euro Splits Europe
July 19th, 2007
online.wsj.com

Oh a lower Euro would be most welcome, wouldn;t it?

But wait a moment! this thing was supposed to start in the US, but started in Europe.

Why? Europe needed a mechnism to lower the Euro. The liquidity 'crisis' is this mechanism.

No worries! Real economy is going well.
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