Thursday, May 20, 2010

The End of the Euro: Wheeeeeee . . . [updated]

The End of the Euro is nighAll that’s left now is food for the vultures.

UPDATE: Neil Hume at Alphaville reports, "they have it all planned: they are going to sink the ship (Greece). Merkel is now drafting law for orderly insolvencies, but they don't want anyone to make money out of it, hence the ban." If this is true, it 's curtains for Europe. Shorting the Euro at this point is like shorting Lehman: you may see savage short covering squeezes but the end result is well known. [Hat tip  Bob English]

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3 Comments:

Blogger Ruth said...

Let's hope all those on the Right and Left of the aisle who bloviate about the glories and benefits of a common NZD/AUD currency take note, eh.

5/20/2010 04:18:00 pm  
Blogger Eric Crampton said...

iPredict says only a 15 percent chance of a country leaving the Euro before 1 April next year. I'm long. You?

5/20/2010 04:54:00 pm  
Blogger gregster said...

"Wolfgang Schäuble, the German Finance Minister, called for an urgent rewriting of the eurozone rulebook. He told the Financial Times: “I’m convinced the markets are really out of control. That is why we need really effective regulation, in the sense of creating a properly functioning market mechanism.”

CAN YOU FUCKIN BELIEVE THAT?

The Euro's failure was obvious at its inception. I've been saying it for years. So have many other objectivists.

You cannot fake reality. The chickens will come home to roost.

Mainstream economists are witchdoctors. Mainstream newspapers are for imbeciles. The general public is imbecilic.

Once Rome falls, statist politicians should be lined up and shot - ideally - and their supporter voters jailed.

5/20/2010 11:28:00 pm  

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