Since the Euro has recently crossed below a critical level, I was wondering how much lower can this thing go. Yes it's a pos, but so it the USD and since the euro is the "solid number 2 pos." Obviously the tptb wont let this collapse, so how much lower before this thing starts to kick back? 1.20? 1.15? par?
As always thoughts and opinions are appreciated.
Euro below 1.25
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Euro below 1.25
by rsk1963 » Tue May 29, 2012 6:58 pm
those that sacrifice liberty for security deserve neither
the bee...gathers it's materials from the flowers of the garden and of the field, but transforms and digests it by a power of it's own.
the bee...gathers it's materials from the flowers of the garden and of the field, but transforms and digests it by a power of it's own.
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Re: Euro below 1.25
by 68Camaro » Tue May 29, 2012 7:26 pm
It will go to crap if it falls below 1.20 for any length of time and no artificial support is successful in changing its direction. It will then go into a freefall that will require massive intervention but will nevertheless result in failed banks, riots, strikes, martial law, and the potential for civil war and/or declaration of emergency powers and creation of dictatorships under the guise of protecting the "people".
In the game of Woke, the goal posts can be moved at any moment, the penalties will apply retroactively and claims of fairness will always lose out to the perpetual right to claim offense.... Bret Stephens
The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand.
The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand.
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Re: Euro below 1.25
by Country » Tue May 29, 2012 7:39 pm
1.20 is critical, since that is the low point late 2005. Below that, it could go to 85-90, which is where it was in 2000-2002, during the implosion of every asset class except treasuries and the $USD. Perhaps it could repeat once again if the deflationary forces are overwhelming. That would be bad news for PMs, most probably, since the $USD rose dramatically during that time period.
Humankind has not woven the web of life. We are but one thread within it. Whatever we do to the web, we do to ourselves. All things are bound together. All things connect. ~Chief Seattle, 1855
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Re: Euro below 1.25
by 68Camaro » Thu May 31, 2012 5:13 am
Primary reason would be if Fed supports it by buying Euros. It's going up this morning. Pushing USD down. They're playing a hard game of balance. They want to keep the Euro from tanking, but they want to keep PMs down as well. Hard to do both.
In the game of Woke, the goal posts can be moved at any moment, the penalties will apply retroactively and claims of fairness will always lose out to the perpetual right to claim offense.... Bret Stephens
The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand.
The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand.
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68Camaro - Too Busy Posting to Hoard Anything Else
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Re: Euro below 1.25
by rsk1963 » Thu May 31, 2012 10:40 am
now at 1.23 finance articles read like a autopsy of financial systems.who knew Halloween would come early to the us
those that sacrifice liberty for security deserve neither
the bee...gathers it's materials from the flowers of the garden and of the field, but transforms and digests it by a power of it's own.
the bee...gathers it's materials from the flowers of the garden and of the field, but transforms and digests it by a power of it's own.
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Re: Euro below 1.25
by shinnosuke » Thu May 31, 2012 12:15 pm
Stay tuned here: www.zerohedge.com
When in the Course of human events it becomes necessary for one people to dissolve the political bands which have connected them with another and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature's God entitle them... (Thomas Jefferson)
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