plummeting euro re-precipitating its plunging....

"Earl Evleth" wrote in message
...
On 16/11/11 7:51, in article , "DVH"
wrote:


"abelard" wrote in message
...

the euro has now smashed below the floor of its earlier bottom....

$1.3513

Yikes! It's like an uncontrollable bobsleigh on a very slight incline.



The history of the price of the euro shows a period of the dollar/euro
ratio at less than 0.9. Its current price of 1.35 is intermediate between
a high of about 1.5 and lw of 0.9.

The dollar is low becquse of the balance of payment deficits which
continue
to pour more dollars into foreign currency reserves. The euro does not
suffer from this affliction.

Why do you think it's an affliction?

On Nov 16, 12:02*am, abelard wrote:
the euro has now smashed below the floor of its earlier bottom....

$1.3513

regards

--
web site atwww.abelard.org- news comment service, logic, economics
*energy, education, politics, etc over 1 million document calls in year past
--------------------------------------------------------------------------- -----
* all that is necessary for * * * [] * * walk quietly and carry
* the triumph of evil is that * *[] * * * * * a big stick..
* good people do nothing * * *[] * *trust actions not words
* * * * * * * * * * only when it's funny -- roger rabbit
--------------------------------------------------------------------------- -----

Good heavens the upside down plunge continues at pace, $1.3521 now

SELL!! SELL!! SELL!!

On 16/11/11 8:45, in article , "DVH"
wrote:


Why do you think it's an affliction?


A persistent balance of balance payment deficit it like a leaking boat.`
The leak has to be repaired, or the boat will eventually sink?

"Earl Evleth" wrote in message
...
On 16/11/11 8:45, in article , "DVH"
wrote:


Why do you think it's an affliction?


A persistent balance of balance payment deficit it like a leaking boat.`
The leak has to be repaired, or the boat will eventually sink?

The boat will only sink if the Chinese refuse to take dollars for x-boxes.
Since they don't want to starve to death, they don't do that.

Remember you have the "exorbitant privilege"

http://en.wikipedia.org/wiki/Exorbitant_privilege

On Wed, 16 Nov 2011 01:29:00 -0800 (PST), sutartsorric
wrote:

On Nov 16, 12:02*am, abelard wrote:
the euro has now smashed below the floor of its earlier bottom....

$1.3513

Good heavens the upside down plunge continues at pace, $1.3521 now

SELL!! SELL!! SELL!!

a dead cat bounce...the landslide resumes...1.3475

can anything now save us from armageddon?

your sell recommendation has destroyed the markets,
overwhelming us in a violent accelerating tsunami of panic...

--
web site at www.abelard.org - news comment service, logic, economics
energy, education, politics, etc over 1 million document calls in year past
--------------------------------------------------------------------------------
all that is necessary for [] walk quietly and carry
the triumph of evil is that [] a big stick.
good people do nothing [] trust actions not words
only when it's funny -- roger rabbit
--------------------------------------------------------------------------------

On 16/11/11 12:51, in article , "DVH"
wrote:

The boat will only sink if the Chinese refuse to take dollars for x-boxes.
Since they don't want to starve to death, they don't do that.

They don't eat dollars.

https://www.uschina.org/statistics/tradetable.html

"Earl Evleth" wrote in message
...
On 16/11/11 12:51, in article , "DVH"
wrote:

The boat will only sink if the Chinese refuse to take dollars for
x-boxes.
Since they don't want to starve to death, they don't do that.

They don't eat dollars.

Get a grip. What Chinese people eat is irrelevant to whether or not the boat
will sink.

On 16/11/11 13:50, in article , "DVH"
wrote:

They don't eat dollars.

Get a grip. What Chinese people eat is irrelevant to whether or not the boat
will sink.


If they stop taking dollars, and if they sell on the bond markets some
of their holdings, the US will not be able to borrow at the interest
rate they do now. The US is another Greece in the making if that happens.

The US budget is currently very depending on low interest rates.
With 10 yr bonds around 2%, and the historical rates at least
double that the risk there is significant. Things can change quickly,
only a couàple of years ago Greek bond were only 15 basis points above
the German. That means a couple of % per year rates. The rates now
are over 20%. Nobody believed that Greece was in trouble
a couple years ago.

evleth the chinese expert.

"Earl Evleth" a écrit dans le message de groupe de discussion :
...

On 16/11/11 12:51, in article , "DVH"
wrote:

The boat will only sink if the Chinese refuse to take dollars for x-boxes.
Since they don't want to starve to death, they don't do that.

They don't eat dollars.

https://www.uschina.org/statistics/tradetable.html

Nobody believes evleth the castrist.

"Earl Evleth" a écrit dans le message de groupe de discussion :
...

On 16/11/11 13:50, in article , "DVH"
wrote:

They don't eat dollars.

Get a grip. What Chinese people eat is irrelevant to whether or not the
boat
will sink.


If they stop taking dollars, and if they sell on the bond markets some
of their holdings, the US will not be able to borrow at the interest
rate they do now. The US is another Greece in the making if that happens.

The US budget is currently very depending on low interest rates.
With 10 yr bonds around 2%, and the historical rates at least
double that the risk there is significant. Things can change quickly,
only a couàple of years ago Greek bond were only 15 basis points above
the German. That means a couple of % per year rates. The rates now
are over 20%. Nobody believed that Greece was in trouble
a couple years ago.