Friday, Jan 18, 2008
Dorothy, Euro, Bye Bye
CNBC: WestLB needs 2 bln eur in fresh capital, up from 700 mln
The Euro is a sham. It will strengthen against Sterling for a little while (perhaps 2 more quarters) and then will precipitously plummet as the truth about Spain, France, Germany, Italy, Greece and Portugal come out.
We are seeing the mighty Germans in trouble. You know just how bad things must be for the Spanish and the Italians.
And also the Swedish - they lent to the Baltics and Eastern Europe.
Posted by lvmreader @ 06:39 PM (247 views) Add Comment
2 Comments
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1. Nondocteur said...
Which is better to hold,
Worthless Dollars, Worthless Sterling, or Worthless Euros?
Or shoud one spunk the lot?
2. Mr Plumbase said...
The Germans in trouble eh? At least their economy can turn a $10bn trade surplus every month, unlike our er... dynamic knowledge based ... thingy.