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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 374.22-0.2%4:00 PM EST

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To: Haim R. Branisteanu who wrote (41187)10/12/2008 11:55:03 AM
From: Grandk  Read Replies (1) of 217906
 
One problem that I foresee with the Euro is that the European Union has not become solidified by years of sticking together. This is only a recent experiment. There are many countries within the EU that are not necessarily the best of friends. I have a hard time believing that if things continue to worsen that all the countries in the EU will agree to sport the bill for those who are hurting more than others. When things are going good it is easy to understand the camaraderie that evolves. However, when times are dark I can see a Europe that turns to every man for himself. Countries will seek to solve their own crisis and will look to separate from the pack. This cannot be a positive occurrence for the Euro. Destabilization would take hold and the Euro would plummet.

Then again, I am probably all wet and going long EUR/USD here is a genius move.
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