2010-01-14T17:34:51+0000

All|Americas|Economic Analysis|Regions

Credit Crisis|EUR/USD

Jamie Coleman

15 Comments

  1. the link must not be right or i am not getting the joke..

  2. I don’t get it either, cheg

  3. Not a joke…Freddie and Fannie are going to cost billions more than the government is forecasting

  4. Jamie your link goes to quite another story..

  5. ok now thanks.

  6. Well it woke a few of us up!

  7. Almost the size of the greek deficit ?

  8. Almost the size of the greek deficit ? I mean stock of debt ??

  9. What is the safest currency in the world ? (and don’t tell me it is sterling..)

  10. None, cheg … but if I have to choose it would be commodities-related currencies of AUD and CAD

  11. That’s the problem. The perception is that there are no safe currencies…

  12. Thing is, what is the currency denominating most of the huge debts around the world? In other words, what currency is going to be in demand to repay for the huge debt when pay time comes?

  13. Good point. That is precisely why the dollar rallied during the deleveraging in 2008. Deflation makes debt more costy…better to pay it off quick…

  14. IMO, the safest currency is the USD. Who knows if the Euro will even still exist 10 years from now. If Britain is helped in this down cycle by devaluing its currency, other European countries are going to want that option. The JPY debt situation and the country demographics are worse than the US. So, of the Big 3, it’s the US. And I think they’ve learned from past experiences. When the UK was weak 20 years ago and Soros was “breaking” the BoE, they raised rates to defend the currency. Mortgages went up, and that set off a spiral that hurt the economy even further. Clinton relied on the PC and internet boom to create a bubble to get America out of the Savings & Loan Crisis, which sent a couple of thousand bankers to jail. Obama seems to think that a GreenTech Revolution is going to do it. That remains to be seen, but America does have the sort of labor force mobility – to go with a culture that fosters innovation and entrepreneurs, and a market that has critical mass – to allow it to create a new industry. IMO, the only way out of this mess is jobs and growth- and for the business cycle to run its course.

Top

© Copyright 2014 ForexLive™  |  Advertise With Us  |  Login To Comment  |  Sitemap

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.

ADVISORY WARNING: FOREXLIVE™ provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and FOREXLIVE™ specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Forex dealer. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. FOREXLIVE™ expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.