I think maybe a trip to Greece would be good for you, Steve. LOL --- On Wed, 5/19/10, Stephen Russell <[email protected]> wrote:
> From: Stephen Russell <[email protected]> > Subject: Re: [OT] Europes Mounting Debt Crisis > To: "ProFox Email List" <[email protected]> > Date: Wednesday, May 19, 2010, 9:41 AM > On Wed, May 19, 2010 at 8:11 AM, > Nicholas Geti <[email protected]> > wrote: > > Haven't heard much from the U.S. bashers on this list > about our financial woes. The 1 trillion to bail out Greece > is only going to last one month. Then they are back in the > tank. Their debit is now 120% of G.N.P. > > > > Here's back at them http://tinyurl.com/2e8ht8q > > > > "In some ways European banks are worse than ours. > They're certainly less transparent," says our guest Chris > Whalen, managing director at Institutional Risk Analytics. > "It's a strange time. And I think it talks to the basic lack > of competitiveness, the lack of productivity really in > Europe. And you also have the same problem in the U.S. We > just have the flexibility of being able to print money." > > > > "For Europe, basically they have two options: > Individual countries can continue to borrow money until they > can't. Then they hit the wall," says fellow guest John > Mauldin, president of Millennium Wave Advisors and author of > the Thoughts from the Frontline e-letter. "Or they can > willingly throw themselves into a Depression by cutting > their deficits dramatically." > > > > "I think the euro's going to parity. The pound's going > to parity," Mauldin says. "And we're going to see the yen go > to $100, then $125, then $150. Pretty soon we'll get a bid > for $200 and $250," which will have huge implications for > global trade. > ------------------ > > But will China adjust the yuan so you can keep buying more > crap? > > If I had the time this summer I would totally consider a > trip to > Europe. Euro could be < USD and that is why > I woudl do it now. But > I have to get my mom's house ready for sale. :( > > -- > Stephen Russell > > Sr. Production Systems Programmer > CIMSgts > > 901.246-0159 cell > > _______________________________________________ > Post Messages to: [email protected] > Subscription Maintenance: http://leafe.com/mailman/listinfo/profox > OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech > Searchable Archive: http://leafe.com/archives/search/profox > This message: > http://leafe.com/archives/byMID/profox/[email protected] > ** All postings, unless explicitly stated otherwise, are > the opinions of the author, and do not constitute legal or > medical advice. This statement is added to the messages for > those lawyers who are too stupid to see the obvious. > _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[email protected] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
