Quote:
Originally Posted by J. Abizeid  Don’t panic! It’s not a euro issue. It’s a dollar game soon to deflate. Forget the euro for a moment and check out the Canadian dollar today: http://finance.yahoo.com/currency/convert?from=USD&to=CAD&amt=1&t=1d Canada is the US main trading partnered. The US dollar today is at 1.24 CA dollar from .95 only three months ago. In other words, Canadians must pay 30% more today to buy a GM car but still paying the same to buy a German car. As we know, GM is about to collapse. The question is: For how long the US will be playing the strong dollar game while its industries and economy are collapsing. The only thing that has not collapsed on the Bush watch is the dollar. I wonder if he can bridge it to the next administration and than…… Oil was driven today down to $56. It’s getting close to the $50 breaking point. I meant to start a tread titled the Inevitable collapse of the US dollar is near. I might do it for those who care to know what’s going on since this thread is about the euro and that’s not the topics we are taking about. |
as sandway said, nobody can predict what will happen, the economy and markets are always changing and anything can happen without any signs..
ya i can see the oil going down to $50 sooner or later, but the funny part is that in Leb, Gas is still 22,800L.L per tank(20liters) for over 3weeks, even though the international price is still dropping..
o well back to the topic, seems like the Euro is just losing value for now or for a good time
this is like the guessing game,, let's play
