Thread: EURO vs USD
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J. Abizeid
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Default 16th September 2008

When the dust settles we start picking up the pieces.
The dust we are looking at is not speculations. It’s another collapsing pillar.
How many more pillars need to collapse in order for us to feel the danger.
By the end of the day, oil was brought down by 7% by design but the euro still closed higher than its opening session which means they are running out of magic tricks.
As I mentioned earlier, lowering the interest has become reality confirming desperation.
I frankly doubt they can maintain their magic show till November. I can see them drop the big ball much earlier.
I certainly don’t want to be under such a squeaking roof.
I’m sure many Lehman ex employees agree.
http://news.yahoo.com/s/ap/20080915/ap_on_bi_ge/fed_interest_rates
Wreckage from a massive crisis on Wall Street could prompt the Federal Reserve to do an about face and once again cut a key interest rate this week

http://quotes.ino.com/chart/?s=NYBOT...&w=1&t=l&a=200
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