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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 382.87-0.8%Nov 13 4:00 PM EST
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To: TobagoJack who wrote (63406)5/7/2010 12:37:04 AM
From: Rolla Coasta1 Recommendation  Read Replies (2) of 217753
 
No panic in asia. They know, Europe not as bad as some hedgies propagate.
Hedge funds betting against Euro currency and european countries are spreading even lies, such like Spain could default, to put pressure on Europe. Spain may have high unemployment and debt may increasing, but total debt is very low with only 53% of GDP. And Greece, which accounts tiny 3% to Europe's GDP, is almost rescued, despite the turmoils there. In fact, Europe is still the richest and most productive place on earth. No doubt, every country has to reduce debt next years, but there will be no default.
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