I see the decision to expand the euro to Estonia in 2011 is really propping it up as a currency.
Tom Send a noteboard - 17/05/2010 05:11:07 PM
(dripping sarcasm intended)
The euro is still falling, oil is falling and investors are flocking to the dollar and gold. I think that at some point the euro will stabilize, at least for the time being, but I don't think that the crisis is over because I think the present bailout will be insufficient and Portugal and Spain will be picked off by speculators like drowning survivors of a shipwreck in shark-infested waters.
Of course, this dollar strength is going to be bad for US exports, but I don't think we're at risk of ending up like the pound sterling. On the other hand, continued euro instability will effectively scuttle any illusions about the dollar being replaced as a reserve currency anytime soon - the yuan is untried and not properly priced, the euro is unstable and there isn't any other currency worth mentioning.
The euro is still falling, oil is falling and investors are flocking to the dollar and gold. I think that at some point the euro will stabilize, at least for the time being, but I don't think that the crisis is over because I think the present bailout will be insufficient and Portugal and Spain will be picked off by speculators like drowning survivors of a shipwreck in shark-infested waters.
Of course, this dollar strength is going to be bad for US exports, but I don't think we're at risk of ending up like the pound sterling. On the other hand, continued euro instability will effectively scuttle any illusions about the dollar being replaced as a reserve currency anytime soon - the yuan is untried and not properly priced, the euro is unstable and there isn't any other currency worth mentioning.
Political correctness is the pettiest form of casuistry.
ἡ δὲ κἀκ τριῶν τρυπημάτων ἐργαζομένη ἐνεκάλει τῇ φύσει, δυσφορουμένη, ὅτι δὴ μὴ καὶ τοὺς τιτθοὺς αὐτῇ εὐρύτερον ἢ νῦν εἰσι τρυπώη, ὅπως καὶ ἄλλην ἐνταῦθα μίξιν ἐπιτεχνᾶσθαι δυνατὴ εἴη. – Procopius
Ummaka qinnassa nīk!
*MySmiley*
ἡ δὲ κἀκ τριῶν τρυπημάτων ἐργαζομένη ἐνεκάλει τῇ φύσει, δυσφορουμένη, ὅτι δὴ μὴ καὶ τοὺς τιτθοὺς αὐτῇ εὐρύτερον ἢ νῦν εἰσι τρυπώη, ὅπως καὶ ἄλλην ἐνταῦθα μίξιν ἐπιτεχνᾶσθαι δυνατὴ εἴη. – Procopius
Ummaka qinnassa nīk!
*MySmiley*
I see the decision to expand the euro to Estonia in 2011 is really propping it up as a currency.
- 17/05/2010 05:11:07 PM
660 Views
I'm just hoping the Euro falls a lot quicker than the Pound over the next 10 days...
- 17/05/2010 05:31:59 PM
414 Views
It likely will. Of course, doesn't that ultimately hurt the UK economy? *NM*
- 18/05/2010 03:41:14 PM
190 Views
It'll stabilize.
- 17/05/2010 05:37:00 PM
511 Views
Yes. Consensus seems to be it will bottom out in 2011 or 2012 at about $0.80 to the euro. *NM*
- 18/05/2010 03:40:45 PM
176 Views
There's no true strength in the dollar, it's just that old habits die hard.
- 18/05/2010 08:14:04 AM
516 Views
It's still the currency of the world's largest economy, strongest military power and sole superpower
- 18/05/2010 03:39:50 PM
472 Views