Euro getting slammed

[Arraya]

Bets by some of the same banks that helped Greece shroud its mounting debts may actually now be pushing the nation closer to the brink of financial ruin.

“It’s like buying fire insurance on your neighbor’s house — you create an incentive to burn down the house,” said Philip Gisdakis, head of credit strategy at UniCredit in Munich.

[Rich Toscano]

[quote=Nor-LA-SD-guy]As bad as “The Powers That Be” are here in the U.S.A., they are far worse most everywhere else.
[/quote]

Here in the US, they would just print a bunch of money to solve the problem.

How is not printing your way out of every problem “far, far worse?”

I’d say it’s better.

edit:

To be clear, I meant that the behavior of the ECB is better than its US counterpart.

Greece may be worse than the US in terms of its indebtedness… but only marginally so! 😀

Rich

[Rich Toscano]

[quote=Nor-LA-SD-guy]As bad as “The Powers That Be” are here in the U.S.A., they are far worse most everywhere else.
[/quote]

Here in the US, they would just print a bunch of money to solve the problem.

How is not printing your way out of every problem “far, far worse?”

I’d say it’s better.

edit:

To be clear, I meant that the behavior of the ECB is better than its US counterpart.

Greece may be worse than the US in terms of its indebtedness… but only marginally so! 😀

Rich

[Rich Toscano]

[quote=Nor-LA-SD-guy]As bad as “The Powers That Be” are here in the U.S.A., they are far worse most everywhere else.
[/quote]

Here in the US, they would just print a bunch of money to solve the problem.

How is not printing your way out of every problem “far, far worse?”

I’d say it’s better.

edit:

To be clear, I meant that the behavior of the ECB is better than its US counterpart.

Greece may be worse than the US in terms of its indebtedness… but only marginally so! 😀

Rich

[Rich Toscano]

[quote=Nor-LA-SD-guy]As bad as “The Powers That Be” are here in the U.S.A., they are far worse most everywhere else.
[/quote]

Here in the US, they would just print a bunch of money to solve the problem.

How is not printing your way out of every problem “far, far worse?”

I’d say it’s better.

edit:

To be clear, I meant that the behavior of the ECB is better than its US counterpart.

Greece may be worse than the US in terms of its indebtedness… but only marginally so! 😀

Rich

[Rich Toscano]

[quote=Nor-LA-SD-guy]As bad as “The Powers That Be” are here in the U.S.A., they are far worse most everywhere else.
[/quote]

Here in the US, they would just print a bunch of money to solve the problem.

How is not printing your way out of every problem “far, far worse?”

I’d say it’s better.

edit:

To be clear, I meant that the behavior of the ECB is better than its US counterpart.

Greece may be worse than the US in terms of its indebtedness… but only marginally so! 😀

Rich

[briansd1]

I agree with Rich.

America can print money but Greece can’t.

It’s a good thing that, so far, everyone is willing to accept the money that we are printing.

A weaker Euro actually works out quite well for German exporters. Hence the delay in coming up with a plan. I doubt that Greece will default.

Greek bonds are now paying 6%.

Aside from leaving the Euro Zone, austerity and deflation is the only way out for Greece.

[briansd1]

I agree with Rich.

America can print money but Greece can’t.

It’s a good thing that, so far, everyone is willing to accept the money that we are printing.

A weaker Euro actually works out quite well for German exporters. Hence the delay in coming up with a plan. I doubt that Greece will default.

Greek bonds are now paying 6%.

Aside from leaving the Euro Zone, austerity and deflation is the only way out for Greece.

[briansd1]

I agree with Rich.

America can print money but Greece can’t.

It’s a good thing that, so far, everyone is willing to accept the money that we are printing.

A weaker Euro actually works out quite well for German exporters. Hence the delay in coming up with a plan. I doubt that Greece will default.

Greek bonds are now paying 6%.

Aside from leaving the Euro Zone, austerity and deflation is the only way out for Greece.

[briansd1]

I agree with Rich.

America can print money but Greece can’t.

It’s a good thing that, so far, everyone is willing to accept the money that we are printing.

A weaker Euro actually works out quite well for German exporters. Hence the delay in coming up with a plan. I doubt that Greece will default.

Greek bonds are now paying 6%.

Aside from leaving the Euro Zone, austerity and deflation is the only way out for Greece.

[briansd1]

I agree with Rich.

America can print money but Greece can’t.

It’s a good thing that, so far, everyone is willing to accept the money that we are printing.

A weaker Euro actually works out quite well for German exporters. Hence the delay in coming up with a plan. I doubt that Greece will default.

Greek bonds are now paying 6%.

Aside from leaving the Euro Zone, austerity and deflation is the only way out for Greece.

[all]

I suspect there is a lot of obfuscation and manipulation, big players talking their book. Like with $140 oil, $3 BAC and $1 F stock.

Less than a year ago Baltic countries and Hungary were supposed to collapse and disappear in a puff of smoke. What happened with that?

[all]

I suspect there is a lot of obfuscation and manipulation, big players talking their book. Like with $140 oil, $3 BAC and $1 F stock.

Less than a year ago Baltic countries and Hungary were supposed to collapse and disappear in a puff of smoke. What happened with that?

[all]

I suspect there is a lot of obfuscation and manipulation, big players talking their book. Like with $140 oil, $3 BAC and $1 F stock.

Less than a year ago Baltic countries and Hungary were supposed to collapse and disappear in a puff of smoke. What happened with that?

[all]

I suspect there is a lot of obfuscation and manipulation, big players talking their book. Like with $140 oil, $3 BAC and $1 F stock.

Less than a year ago Baltic countries and Hungary were supposed to collapse and disappear in a puff of smoke. What happened with that?

[Author]

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