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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.

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".

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.

Why would Euro ever go back up?

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.

now at 1.23 finance articles read like a autopsy of financial systems.who knew Halloween would come early to the us

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