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"Global Carry Trade" On - EURUSD Plunges To 1.08 Handle, 2-Month Lows
A 3rd Greek bailout "Fix", an unchanged ECB with Draghi preparing to reiterate "whatever it takes" - apart from for Greece, and The Fed appearing more hawkishly tilted to a September liftoff (no matter what happens in Greece).... The result - EURUSD is collapsing...
In other words - the "carry trade" is back on.
Charts: Bloomberg
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"Now that our currencies are both worthless, I mean, both worth 1 dollar, we are introducing the Amro"
--Bath House
I fucking hate this charade.
Why does it take so long for something to explode somewhere?
0.80....................comming soon
WTF ?? Unicorns don’t drop stinky stuff anywhere,,,,
Oh.. sorry.. I did not realize we were talking about central banks……..
I propose that we introduce the SCUM.
Special Central Universal Money.
This should replace the dollar which holds only 3 pct of the 1913 dollar and the SCUM would be way better than the bank credit FRB note.
Think about it.
because there is a real economy that is more and more detached from the unicorn droppings of the "financial economy"?
As an expat in Spain I love the exchange rate. But at the same time I hate what's happening to Greece. It's a travesty and the death of democracy.
The financial death of a country because they borrowed and spent too much is hardly the death of democracy.
People and now countries want to blame someone else for their foolish financial decisions.
If money is borrowed from someone they are going to want it back with interest - crazy, I know.
Before you spread your "holier than thou" wisdom you might want to find out exactly who borrowed what and where the money went. The "people" of Greece didn't get anything except the bill. So go on and expouse your neo nazi shit as if you know what you're talking about.
Your a leftist; sorry that was rather cruel - Fuck you.
Over 24% of Greece is retired.
Unemployment rate is 25%
Youth Unemployment is 49%
GDP is 238 Billion
Government debt to GDP is 177%
The financial death of a country because corrupt politicians borrowed and spent too much is the death of democracy.
-fixed it for you
The same as the USA - our fault for not taking back our country - leftists destroying the world because they are fucking stupid - it is that simple
https://www.cia.gov/library/publications/the-world-factbook/rankorder/21...
Hey Americunt shithead
Look where you country ranks here.
You are just another fucking ''legend in your own debt slave mind''.
https://www.cia.gov/library/publications/the-world-factbook/rankorder/21...
See my comment below commie
CARRY TRADE?
This is a CURRENCY COLLAPSE!
Europe has to have some type of "Euro-TARP" so the fucking Banks will God-damn fucking banks will open you euro fucking ASSHATS.
THIS THING IS A CATASTROPHE AND WILL NOW SPREAD TO OTHER BANKS IN THE EUROZONE.
THESE CLOWNS CANT EVENOPEN THE FUCKING ATHENS STOCK EXCHANGE..
So no....there is ZERO USE OF THE EURO AS A FUNDING CURRENCY YOU LYING SACK OF SHITS.
THIS THING COULD LEAD DIRECTLY TO A HUPERINFLATION I
MIGHT ADD.
That means, at 8.30, it's HAMMER TIME!!
Interesting scientific experiment which shows how you can improve your trading skills https://www.youtube.com/watch?v=WwBDkdS7arE
A lot less Euro Trash at Disney World
"Say hello to ISIS" would appear.
A lot less AmeriTrash here also, which is a good thing. The air smells cleaner and not ugly obese assholes to look at.
Shitheads who can't count to 10 in ANY language.
A lot less AmeriTrash here also, which is a good thing. The air smells cleaner and not ugly obese assholes to look at.
Shitheads who can't count to 10 in ANY language.
Interesting to watch all the sheep being chased out of all the other pens and herded into the one big dollar pen. Wonder what the plan is for all those sheep once they are corralled together?
The globalists are surely stocking up on mint jelly.
The EuroUS exhange rate is not alone ... the Canadian peso is now trading at $.77 US and Canadians are still paying 1.42 Cdn per Euro down only slight from the $1.65 norm. Only the Britsh Pound appears to be fairing well - Britian was under extradorinary pressure to adopt the Euro and drop the British pound when they entered the Eurozone. US and Britain will they pay the price over time with sluggish growth, escalating trade deficits and weaker economies, until a better equilibrium is attained. Countries need independent currencies and exchange rates in order to mitigate against changing global and domestic economic conditions. In Canada's case the drop in the Canadian dollar is a good thing - e.g. it provides a 30% cushion for Canada's oil exports against the falling brent crude prices. Greece lost is economic levers when it adopted the Euro. The Eurozone will eventually be forced to drop the common currency as their is no political will for a true political and economic union.