The capitalist model of produce, sell, re-invest has been replaced by a swarm of idle, lazy, ponzo scheming, self serving bunch of accountants who move figures around to pretend that money is being made. No wonder we are in the state that we are in...Well, we've had communism, that was a disaster, Democratic Socialism was neither democratic or socialist, Socialism in the UK was turned into something harder right than Thatcherism and now we see the capitalism falling apart as its worst excesses are shown as the economic feces of our age....has humanity the wit to think of another system....all suggestions welcome....Well, how about Merkelism, where one talks up a particular system whilst simultaneously undermining it in order to profit from its failure ?
Or is that the same as the others??????....Meanwhile : In a fresh drive to stabilize the eurozone, French President Nicolas Sarkozy will meet German Chancellor Angela Merkel on January 9 in Berlin to prepare for a European Union summit at the end of the month. "
When will this charade end? The game is up. The Euro is over. These summits are comical at best, making Europe the laughing stock of the world. The light has been shone on the entire EU plan -and no one (who hasn't been bought with the promise of a bloated EU pension) likes what they are seeing. We need a fresh group of elected political leaders with the balls to tear this EUSSR wall down and we need loyal hard working citizens with the courage to start again...Market data is rigged, and it ultimately means nothing. Europe is screwed, and it is going to take a break-up of the eurozone to start the recovery process. “It now looks as though 2012 will be the year when the euro starts to break up,” the London-based CEBR said in a statement today. “It is not a done deal yet -- we are only forecasting a 60 percent probability -- but our forecast is that by the end of the year at least one country (and probably more) will leave.” CEBR said the likelihood of a euro breakup in the next decade has increased to 99 percent. The crisis may force “most of the French and German banking systems” to seek bailouts to compensate for write-downs on their holdings of sovereign debt, CEBR said. “They might even be nationalized as well. Many other European banks will go back into crisis.”
Or is that the same as the others??????....Meanwhile : In a fresh drive to stabilize the eurozone, French President Nicolas Sarkozy will meet German Chancellor Angela Merkel on January 9 in Berlin to prepare for a European Union summit at the end of the month. "
When will this charade end? The game is up. The Euro is over. These summits are comical at best, making Europe the laughing stock of the world. The light has been shone on the entire EU plan -and no one (who hasn't been bought with the promise of a bloated EU pension) likes what they are seeing. We need a fresh group of elected political leaders with the balls to tear this EUSSR wall down and we need loyal hard working citizens with the courage to start again...Market data is rigged, and it ultimately means nothing. Europe is screwed, and it is going to take a break-up of the eurozone to start the recovery process. “It now looks as though 2012 will be the year when the euro starts to break up,” the London-based CEBR said in a statement today. “It is not a done deal yet -- we are only forecasting a 60 percent probability -- but our forecast is that by the end of the year at least one country (and probably more) will leave.” CEBR said the likelihood of a euro breakup in the next decade has increased to 99 percent. The crisis may force “most of the French and German banking systems” to seek bailouts to compensate for write-downs on their holdings of sovereign debt, CEBR said. “They might even be nationalized as well. Many other European banks will go back into crisis.”
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One of the head-scratchers of the debt crisis so far has been how well the euro has held up amid all the frantic fretting about the dissolution of the currency zone. The euro started 2011 at $1.34 and ended it at $1.30 (with rounding). Yes, there have been ups and downs in between, but the common currency never broke $1.50 and only barely sank below $1.30.
There are a few explanations. First, the fear of a schism in the euro zone is probably overblown. Second, currency rates are influenced by banal factors such as interest-rate differentials, crisis or no crisis. And even after a round of rate-cutting, the European Central Bank has a higher target rate than the Federal Reserve.
There are more-subtle factors. Stephen L. Jen, managing partner of London hedge fund SLJ Macro Partners and a currency watcher, says European banks and corporations have been repatriating overseas assets—helping to offset flight out of the euro zone. And much movement has been "south-to-north" migration, he says—investors pulling out of Greece, but piling into Germany and the Netherlands. That is neutral for the currency.
What to expect in 2012? A crucial dynamic will be the recession everyone expects is coming. If it is nasty, the ECB may cut rates and, some analysts believe, even hold its nose and adopt a quantitative-easing policy where it buys bonds to provide monetary stimulus to the economy. That would erode the interest-rate advantage the euro has over the dollar and implies a weaker euro.
Of course, the ECB isn't the only one with these concerns: If the U.S. Federal Reserve embarks on a third round of quantitative easing, or QE3, the pressures are potentially reversed.
And there is always the threat of policy stumbles by European leaders jolting the markets.
All in all, "trading euro-dollar will require a lot of care,"
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