Friday, Feb 15, 2008
Maintenant, les Français viennent!
FT.com: Natixis plunges on €1bn writedowns
Goodbye ClubMed! The Euro is a SHAM
Having got to know the French mentality over 12 years or so, stand by for more of the same.....
Et, comprenez-moi bien, j'adore absolument mes potes francais. J'habitais la-bas en fait.
Posted by lvmreader @ 12:24 PM (796 views) Add Comment
13 Comments
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1. Yellerkat said...
What's the Euro got to do with bad investments in the US?
2. lvmreader said...
I will leave that as an exercise for the reader...................
(Hints: bailouts, printing more money, inflation, interest rates, relative value in foreign exchange markets)
3. Terry said...
Why do you have to shout "Goodbye ClubMed! The Euro is a SHAM"?
This diminishes your point and gives you less credibility.
4. Stevie Dee said...
{{{{mmmmm}}}} must learn how to speak dutch one day...
5. Yellerkat said...
"Hints: bailouts, printing more money, inflation, interest rates, relative value in foreign exchange markets"
Sounds more of a problem for the US & UK than the Eurozone!
6. C'mon Correction said...
I agree with Yellerkat. UK and US are in an infinitely worse position than the euro-zone.
7. lvmreader said...
@Terry,
I disagree. The Euro as a currency is flawed. Spain is receiving bailouts and so is Germany. This means that more Euros will have to be printed.
8. Notacnut said...
We could save money by not printing more euros - instead we could take our now "getting more worthless by the minute" dollars (of which we have lots) and writing "Euro" on them in crayon
9. stillthinking said...
Spain is Northern Rock.
10. lvmreader said...
@stillthinking,
Bingo!
11. magnifico said...
Some of the comments sound like those coming from a dysfunctional family, the members of which find great solace in the shortcomings of others.
The Euro has been successful and has given proof of endurance by riding a few storms already.
12. Plato said...
Fact : The Euro is new and looks an attractive alternative currency in light of the Dollar and Sterling. Fact : It will go the way of all currencies i.e. in cycles. Fact : At present it is riding the crest of a wave. More like a Tidal Wave.
Fact : It is a currency valued by the promise of economic progression in Western Industrialised Countries. All supporting eachother.
The question is : Are the weak being supported by the strong? The answer is : Yes
The result is : Dilution. The reason being : Inherent weakness cannot be supported without Dilution. This is natural selection governed by Universal Physics not the EU.
The conclusion is : The Euro is currently where it is through hope and promise. It's demise is certain. The clever Dealer will time it right and then the cycle will start again.
13. lvmreader said...
Err, @magnifico, what storms were these?
This is the first true test of the Euro. Spain needs a different interest rate regime to Germany.