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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: longnshort who wrote (119790)	12/14/2011 10:15:03 PM
From: lorne	3 Recommendations Respond to of 224729

longnshort...Has obama blamed Europe yet? The Euro's New 2011 Milestone - 14 December 2011 goldnews.bullionvault.com This chart of the Euro points to more trouble ahead... EUROPE'S slow-motion financial train wreck is finally taking its toll on the Euro currency, says Brian Hunt in Steve Sjuggerud's Daily Wealth email. The single currency just staged a major downside breakout. Most folks don't realize it, but the collective economies of Europe represent a larger economic block than the 50 states of the US. This makes it a vital region to monitor. Should Europe's debt crisis get worse, it will throw the 17-member region further into recession and cause economic disruptions all over the world. We monitor the state of the debt crisis with the pan-European currency, the Euro. Back in August, we highlighted the euro's "compressed" state...a situation where an asset's normal day-to-day volatility gradually dries up and the highs and lows move closer together. These low-volatility periods are often the calm before a storm. As you can see from today's chart above, the Euro broke to the downside as we expected. It then spent the next few months chopping up and down with little headway made in either direction. But just this week, the currency broke through its October low. It's now free to fall further and continue its bear market. That's bad news for Europe...and the world.