Euro-oh

[RWGR]

As I read carefully, I note that he said "better", not bigger.

Naturally, since your debt is BIGGER than ours, you think it's better.

Good luck with that.

Please, you're like a mosquito that just won't go away.

Don't you have apple pies to buy for people??

[Soundbear]

Better than being a viper, I guess!!!

[RWGR]

Better than being a viper, I guess!!!

Uh oh, is someone ready to send me to Hell again?!?!?

[Soundbear]

Again?? Sorry, if that's your destination, you've bought the ticket with your own coin.

[RWGR]

Again?? Sorry, if that's your destination, you've bought the ticket with your own coin.

Were you demoted?

A year ago you were casting me into Hell on a weekly basis.

[Soundbear]

Were you demoted?

A year ago you were casting me into Hell on a weekly basis.

You're a liar.

[Soundbear]

Did the euro crash today?

[Bluesky]

The Euro lost .23 % against the US dollar today.
The stock market barfed...

[Soundbear]

Did the euro crash today?

[Hans]

International reaction to agency Standard and Poor's decision to downgrade the U.S. credit rating for the first time has been mixed.

"China, the largest creditor of the world's sole superpower, has every right now to demand the United States to address its structural debt problems and ensure the safety of China's dollar assets," the commentary said.


In North America, Canadian Finance Minister Jim Flaherty said that his country "is not an island" and is interconnected with the United States and other trading partners, but said that Canada is "well-positioned to face global headwinds."
He said that despite the uncertainty, it was an encouraging sign that the Canadian and U.S. economies are generating positive job growth.

Speaking Saturday to the BBC, U.K. Business Secretary Vince Cable pushed back against the suggestion that Cameron and his ministers were out of touch at a time of crisis, saying Britain was only on the periphery of the current issues.
Asked by CNN about the U.S. downgrade, the U.K. Treasury instead pointed to the fact Britain's AAA credit rating had been reaffirmed after the British government took steps to deal with the country's debts.
"This is yet another illustration of why abandoning our deficit reduction plan would put Britain back in the international firing line," a spokesman said.

John Chambers, head of sovereign ratings for S&P, said the slowness at raising the debt ceiling and the political infighting led to its decision. In announcing the downgrade, S&P cited "political risks, rising debt burden; outlook negative."

http://www.cnn.com/2011/BUSINESS/08/...html?hpt=hp_t2

[RWGR]

In North America, Canadian Finance Minister Jim Flaherty said that his country "is not an island"

I disagree.

It's a small economy, on par with Iceland. It is not a serious player on the world stage.

Canada is, indeed, an island.

[Hans]

Oh, wait, you were talking about the Euro crash. I mistakenly posted news about the US crash.

http://www.ecb.int/stats/exchange/eu...ph-usd.en.html

I would say the Euro is fairly stable since the start of 2011. It has been creeping up a bit and then staying at roughly the same value ever since.

Now the Canadian Dollar is a different story :

http://www.ecb.int/stats/exchange/eu...ph-cad.en.html

It's going steeply down since mid July. I am sure it will pull up again in the coming months.

[RWGR]

I would say the Euro is fairly stable since the start of 2011.

The euro extended a decline after European Central Bank President Jean-Claude Trichet said policy makers intend to conduct a special liquidity operation to counter tensions in the region’s financial markets.

http://www.businessweek.com/news/201...liquidity.html

[RWGR]

Continental Europe is in the grip of delusions. If the average eurozone leader, central banker or bank chairman were a private citizen, he would long since have been diagnosed as hopelessly deranged and confined to a lunatic asylum. Were he a private citizen, he would be much less dangerous. Those who insist they are the Pope or Napoleon may cause distress to their friends and family; those who insist that the euro is a viable currency and that the Greek rescue package has solved the problem could cause distress to the entire world economy.

The eurozone states appear to have an inescapable choice. They must either move towards becoming a single state, or they must renounce the single currency.

http://www.telegraph.co.uk/news/worl...-at-least.html

Just checkin' ...this is that healthy Euro you guys have been braggin' about, right??

[RWGR]

the US situation is very different from Europe where some countries are fundamentally bankrupt.

http://www.spiegel.de/international/...778875,00.html

[Hans]

Dow plunges after S&P downgrade

Wall Street had its worst day since the 2008 financial crisis, as fearful investors reacted to the United States losing its coveted AAA credit rating.
All three major U.S. stock indexes sank between 5% and 7%, pushing the Dow below 11,000 for the first time since last November.
U.S. stocks have fallen 15% during the past two weeks.
Though observers said S&P's downgrade shouldn't matter all that much, the market wasn't buying it.
"Investors are having one reaction to the downgrade: sell first and ask questions later," said Paul Zemsky, head of asset allocation with ING Investment Management.
Even if investors dismissed the downgrade, they'd still have to contend with the European debt crisis and rising fears of a new U.S. recession.
Those are the factors that led to a drop of more than 6% last week, the worst since the financial crisis of 2008.

http://money.cnn.com/2011/08/08/mark...=BN1&hpt=hp_t1

It is indeed very different from Europe.

[RWGR]

Yes it is.

Your Europe is dying, Hans.

[Huggy85]

Yes it is.

Your Europe is dying, Hans.

Europe is not dying. Long term however, the Euro will fail. The new economic crisis we have been dropped into may well be the catalyst that leads to it. The Euro got some "bought" time for over a year now.

[RWGR]

Europe is not dying. Long term however, the Euro will fail. The new economic crisis we have been dropped into may well be the catalyst that leads to it. The Euro got some "bought" time for over a year now.

Economy in collapse, untenable birthrates in most countries.

Europe is dying.

[Soundbear]

Did the euro crash today??