| Submit your comments on this article |
| Economy |
| Bye bye Europe |
| 2010-05-18 |
| Why the euro is headed for dollar parity Jay-Z famously rapped about the euro's strength just two years ago. Here's why it's headed for dollar parity now. If you're walking past a high rise bank today make sure you have a trampoline on your head. |
| Posted by:tipper |
| #5 'tis all about relativity. The Euro is being slaughtered in plain view and no one is helping. Cross currencies are dropping like a rock as all flee to the safe haven of the $US. Billion dollar margin calls are the order of the day. The only thing to do do is see Fr Ryan and beg him to say a prayer for the dying. Don't ask what's happening here Down Under. Too brutal and graphic for a family rated site. Back to Europe: Market chaos warning after German ban on shorting Traders are predicting chaos on the world's second-largest government bond market after the German authorities on Tuesday announced a ban on all naked short-selling in European public debt, as well as shares in the country's 10 largest financial institutions. |
| Posted by: tipper 2010-05-18 23:41 |
| #4 "I guess the copy writer was too FTFY, phil. No charge. |
| Posted by: Barbara Skolaut 2010-05-18 22:12 |
| #3 It's back to the 1950s to 70s when governments fixed their debt problems by so called 'competitive devaluations' and inflating their debts away. The main thing keeping a lid on inflation right now is declining oil prices. Get a spike in oil prices and the inflation genei will be out of the bottle and away. Back to the future, 1970s style. |
| Posted by: phil_b 2010-05-18 21:37 |
| #2 I guess the copy writer was too young to remember when the Euro traded at $.85. So oil and BMWs get cheaper, Boeing exports fewer aircraft. |
| Posted by: ed 2010-05-18 18:06 |
| #1 Europe is not the EU. |
| Posted by: Bright Pebbles 2010-05-18 17:53 |