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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: RetiredNow who wrote (252518)6/7/2010 4:20:46 PM
From: DebtBombRead Replies (1) | Respond to of 306849
 
Don't underestimate what's going on. Celente thinks the euro could go back to 86. WTF not? I remember when it was there....it wasn't that long ago.
And the dollar was 120.
You can't fix these debt bombs, IMO.
IMHO, they will blow up.
Currency crisis is on the way IMO.
The euro is highly over-valued now....still.
I think the PIG is done for.
Just my opinion.



To: RetiredNow who wrote (252518)6/7/2010 4:22:03 PM
From: DebtBombRead Replies (2) | Respond to of 306849
 
June 7, 2010
I Would Like To See The Euro Survive But I Don’t See How It Can.

I certainly expect the Euro to be around in 2012 or 2013, but whether it’ll be around in 2023, I don’t know. It’s becoming more and more a political currency. It wasn’t always. In the beginning, it wasn’t a political currency. It was designed to be a rock solid currency, but, since then, it’s become a political currency and most political agreements or political institutions don’t last. No currency union has ever lasted. It’s been tried before. I wish the Euro would survive. The world needs something to compete with the dollar. The Euro, on paper, makes enormous sense, but, unfortunately, the people who wrote that contract back in 1992 are all gone now and the new guys all want to buy votes. So, I would like to see the Euro survive, but, in reality, I don’t see how it can.

jimrogers-investments.blogspot.com



To: RetiredNow who wrote (252518)6/7/2010 4:27:17 PM
From: stockman_scottRespond to of 306849
 
ABC/ WAPO Poll on the Oil Spill: Not Pretty

dailykos.com