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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (32685)	11/29/2010 2:07:42 PM
From: Giordano Bruno	Respond to of 71475

The truth of the matter is this: the eurozone seems rotten to the core, literally. Germany represents that core. The Germans might occupy the penthouse suite, but it is the suite of a roach motel. And we know what happens to those who enter such “establishments.” businessinsider.com

To: Real Man who wrote (32685)	11/29/2010 2:13:23 PM
From: carranza2	Respond to of 71475

It seems obvious that the EU structure did not take into account the effects of a bursting credit bubble on its members. The Greeks are much, much worse off than anyone thinks. The Spaniards, ditto. The Irish are lucky, as they always are, because they have gotten theirs albeit at a 5.8% rate. The euro at 1.30 is insane. I agree that the timing for the merde to hit is the Big Unknown. I think sooner rather than later because multiple crises in one region seem have synergistic effects and are more difficult to deal with than a single crisis in one country has. We shall see. The one thing that rings true for me is that the euro is overpriced, which is why I have started a small DRR position. Nothing big, not at all like my gold position, which is getting ridiculous, just a bit of skin in the game to keep me interested.