Home › Forums › Financial Markets/Economics › Celtic Tiger – Funny & Honest Bit from an Irish
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December 14, 2010 at 10:54 AM #640351April 16, 2011 at 2:43 PM #688436VeritasParticipant
“Moody’s cut Ireland’s sovereign rating by two notches to the verge of junk status on Friday and kept its outlook on negative, pushing the euro lower and adding to renewed pressure on the euro zone’s weaker countries. The move sent Ireland’s borrowing costs up and cut short a rare spell of good news after the government said on Thursday it had passed a review of its economic progress by creditors and ratings agency Fitch upgraded its outlook.”
http://macedoniaonline.eu/content/view/17969/52/Is the dollar next to turn to junk?
April 16, 2011 at 2:43 PM #688086VeritasParticipant“Moody’s cut Ireland’s sovereign rating by two notches to the verge of junk status on Friday and kept its outlook on negative, pushing the euro lower and adding to renewed pressure on the euro zone’s weaker countries. The move sent Ireland’s borrowing costs up and cut short a rare spell of good news after the government said on Thursday it had passed a review of its economic progress by creditors and ratings agency Fitch upgraded its outlook.”
http://macedoniaonline.eu/content/view/17969/52/Is the dollar next to turn to junk?
April 16, 2011 at 2:43 PM #687944VeritasParticipant“Moody’s cut Ireland’s sovereign rating by two notches to the verge of junk status on Friday and kept its outlook on negative, pushing the euro lower and adding to renewed pressure on the euro zone’s weaker countries. The move sent Ireland’s borrowing costs up and cut short a rare spell of good news after the government said on Thursday it had passed a review of its economic progress by creditors and ratings agency Fitch upgraded its outlook.”
http://macedoniaonline.eu/content/view/17969/52/Is the dollar next to turn to junk?
April 16, 2011 at 2:43 PM #687326VeritasParticipant“Moody’s cut Ireland’s sovereign rating by two notches to the verge of junk status on Friday and kept its outlook on negative, pushing the euro lower and adding to renewed pressure on the euro zone’s weaker countries. The move sent Ireland’s borrowing costs up and cut short a rare spell of good news after the government said on Thursday it had passed a review of its economic progress by creditors and ratings agency Fitch upgraded its outlook.”
http://macedoniaonline.eu/content/view/17969/52/Is the dollar next to turn to junk?
April 16, 2011 at 2:43 PM #687269VeritasParticipant“Moody’s cut Ireland’s sovereign rating by two notches to the verge of junk status on Friday and kept its outlook on negative, pushing the euro lower and adding to renewed pressure on the euro zone’s weaker countries. The move sent Ireland’s borrowing costs up and cut short a rare spell of good news after the government said on Thursday it had passed a review of its economic progress by creditors and ratings agency Fitch upgraded its outlook.”
http://macedoniaonline.eu/content/view/17969/52/Is the dollar next to turn to junk?
April 16, 2011 at 4:41 PM #687341CA renterParticipant[quote=Veritas]”Moody’s cut Ireland’s sovereign rating by two notches to the verge of junk status on Friday and kept its outlook on negative, pushing the euro lower and adding to renewed pressure on the euro zone’s weaker countries. The move sent Ireland’s borrowing costs up and cut short a rare spell of good news after the government said on Thursday it had passed a review of its economic progress by creditors and ratings agency Fitch upgraded its outlook.”
http://macedoniaonline.eu/content/view/17969/52/Is the dollar next to turn to junk?[/quote]
Good question. It can go either way, at least for a short while, IMHO. Either our debt goes to junk status, or the USD becomes a safe-haven while the Euro crashes. I just don’t know of another currency that can carry the burden if the Euro fails. Yen, or renminbi? Unfortunately, most people can’t get significant quantities of the renminbi, and not sure how the yen will fare as Japan deals with its crisis.
Wish I knew the answer, as we’d be on our way to retirement! π
April 16, 2011 at 4:41 PM #687284CA renterParticipant[quote=Veritas]”Moody’s cut Ireland’s sovereign rating by two notches to the verge of junk status on Friday and kept its outlook on negative, pushing the euro lower and adding to renewed pressure on the euro zone’s weaker countries. The move sent Ireland’s borrowing costs up and cut short a rare spell of good news after the government said on Thursday it had passed a review of its economic progress by creditors and ratings agency Fitch upgraded its outlook.”
http://macedoniaonline.eu/content/view/17969/52/Is the dollar next to turn to junk?[/quote]
Good question. It can go either way, at least for a short while, IMHO. Either our debt goes to junk status, or the USD becomes a safe-haven while the Euro crashes. I just don’t know of another currency that can carry the burden if the Euro fails. Yen, or renminbi? Unfortunately, most people can’t get significant quantities of the renminbi, and not sure how the yen will fare as Japan deals with its crisis.
Wish I knew the answer, as we’d be on our way to retirement! π
April 16, 2011 at 4:41 PM #687959CA renterParticipant[quote=Veritas]”Moody’s cut Ireland’s sovereign rating by two notches to the verge of junk status on Friday and kept its outlook on negative, pushing the euro lower and adding to renewed pressure on the euro zone’s weaker countries. The move sent Ireland’s borrowing costs up and cut short a rare spell of good news after the government said on Thursday it had passed a review of its economic progress by creditors and ratings agency Fitch upgraded its outlook.”
http://macedoniaonline.eu/content/view/17969/52/Is the dollar next to turn to junk?[/quote]
Good question. It can go either way, at least for a short while, IMHO. Either our debt goes to junk status, or the USD becomes a safe-haven while the Euro crashes. I just don’t know of another currency that can carry the burden if the Euro fails. Yen, or renminbi? Unfortunately, most people can’t get significant quantities of the renminbi, and not sure how the yen will fare as Japan deals with its crisis.
Wish I knew the answer, as we’d be on our way to retirement! π
April 16, 2011 at 4:41 PM #688451CA renterParticipant[quote=Veritas]”Moody’s cut Ireland’s sovereign rating by two notches to the verge of junk status on Friday and kept its outlook on negative, pushing the euro lower and adding to renewed pressure on the euro zone’s weaker countries. The move sent Ireland’s borrowing costs up and cut short a rare spell of good news after the government said on Thursday it had passed a review of its economic progress by creditors and ratings agency Fitch upgraded its outlook.”
http://macedoniaonline.eu/content/view/17969/52/Is the dollar next to turn to junk?[/quote]
Good question. It can go either way, at least for a short while, IMHO. Either our debt goes to junk status, or the USD becomes a safe-haven while the Euro crashes. I just don’t know of another currency that can carry the burden if the Euro fails. Yen, or renminbi? Unfortunately, most people can’t get significant quantities of the renminbi, and not sure how the yen will fare as Japan deals with its crisis.
Wish I knew the answer, as we’d be on our way to retirement! π
April 16, 2011 at 4:41 PM #688101CA renterParticipant[quote=Veritas]”Moody’s cut Ireland’s sovereign rating by two notches to the verge of junk status on Friday and kept its outlook on negative, pushing the euro lower and adding to renewed pressure on the euro zone’s weaker countries. The move sent Ireland’s borrowing costs up and cut short a rare spell of good news after the government said on Thursday it had passed a review of its economic progress by creditors and ratings agency Fitch upgraded its outlook.”
http://macedoniaonline.eu/content/view/17969/52/Is the dollar next to turn to junk?[/quote]
Good question. It can go either way, at least for a short while, IMHO. Either our debt goes to junk status, or the USD becomes a safe-haven while the Euro crashes. I just don’t know of another currency that can carry the burden if the Euro fails. Yen, or renminbi? Unfortunately, most people can’t get significant quantities of the renminbi, and not sure how the yen will fare as Japan deals with its crisis.
Wish I knew the answer, as we’d be on our way to retirement! π
April 17, 2011 at 8:07 AM #687344UCGalParticipant[quote=CA renter][quote=Veritas]”Moody’s cut Ireland’s sovereign rating by two notches to the verge of junk status on Friday and kept its outlook on negative, pushing the euro lower and adding to renewed pressure on the euro zone’s weaker countries. The move sent Ireland’s borrowing costs up and cut short a rare spell of good news after the government said on Thursday it had passed a review of its economic progress by creditors and ratings agency Fitch upgraded its outlook.”
http://macedoniaonline.eu/content/view/17969/52/Is the dollar next to turn to junk?[/quote]
Good question. It can go either way, at least for a short while, IMHO. Either our debt goes to junk status, or the USD becomes a safe-haven while the Euro crashes. I just don’t know of another currency that can carry the burden if the Euro fails. Yen, or renminbi? Unfortunately, most people can’t get significant quantities of the renminbi, and not sure how the yen will fare as Japan deals with its crisis.
Wish I knew the answer, as we’d be on our way to retirement! ;)[/quote]
I wouldn’t mind a dip in the Euro relative to the dollar sometime between now and summer. It can revert when I get back from our vacation.
April 17, 2011 at 8:07 AM #687401UCGalParticipant[quote=CA renter][quote=Veritas]”Moody’s cut Ireland’s sovereign rating by two notches to the verge of junk status on Friday and kept its outlook on negative, pushing the euro lower and adding to renewed pressure on the euro zone’s weaker countries. The move sent Ireland’s borrowing costs up and cut short a rare spell of good news after the government said on Thursday it had passed a review of its economic progress by creditors and ratings agency Fitch upgraded its outlook.”
http://macedoniaonline.eu/content/view/17969/52/Is the dollar next to turn to junk?[/quote]
Good question. It can go either way, at least for a short while, IMHO. Either our debt goes to junk status, or the USD becomes a safe-haven while the Euro crashes. I just don’t know of another currency that can carry the burden if the Euro fails. Yen, or renminbi? Unfortunately, most people can’t get significant quantities of the renminbi, and not sure how the yen will fare as Japan deals with its crisis.
Wish I knew the answer, as we’d be on our way to retirement! ;)[/quote]
I wouldn’t mind a dip in the Euro relative to the dollar sometime between now and summer. It can revert when I get back from our vacation.
April 17, 2011 at 8:07 AM #688511UCGalParticipant[quote=CA renter][quote=Veritas]”Moody’s cut Ireland’s sovereign rating by two notches to the verge of junk status on Friday and kept its outlook on negative, pushing the euro lower and adding to renewed pressure on the euro zone’s weaker countries. The move sent Ireland’s borrowing costs up and cut short a rare spell of good news after the government said on Thursday it had passed a review of its economic progress by creditors and ratings agency Fitch upgraded its outlook.”
http://macedoniaonline.eu/content/view/17969/52/Is the dollar next to turn to junk?[/quote]
Good question. It can go either way, at least for a short while, IMHO. Either our debt goes to junk status, or the USD becomes a safe-haven while the Euro crashes. I just don’t know of another currency that can carry the burden if the Euro fails. Yen, or renminbi? Unfortunately, most people can’t get significant quantities of the renminbi, and not sure how the yen will fare as Japan deals with its crisis.
Wish I knew the answer, as we’d be on our way to retirement! ;)[/quote]
I wouldn’t mind a dip in the Euro relative to the dollar sometime between now and summer. It can revert when I get back from our vacation.
April 17, 2011 at 8:07 AM #688019UCGalParticipant[quote=CA renter][quote=Veritas]”Moody’s cut Ireland’s sovereign rating by two notches to the verge of junk status on Friday and kept its outlook on negative, pushing the euro lower and adding to renewed pressure on the euro zone’s weaker countries. The move sent Ireland’s borrowing costs up and cut short a rare spell of good news after the government said on Thursday it had passed a review of its economic progress by creditors and ratings agency Fitch upgraded its outlook.”
http://macedoniaonline.eu/content/view/17969/52/Is the dollar next to turn to junk?[/quote]
Good question. It can go either way, at least for a short while, IMHO. Either our debt goes to junk status, or the USD becomes a safe-haven while the Euro crashes. I just don’t know of another currency that can carry the burden if the Euro fails. Yen, or renminbi? Unfortunately, most people can’t get significant quantities of the renminbi, and not sure how the yen will fare as Japan deals with its crisis.
Wish I knew the answer, as we’d be on our way to retirement! ;)[/quote]
I wouldn’t mind a dip in the Euro relative to the dollar sometime between now and summer. It can revert when I get back from our vacation.
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