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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
Nevertheless the magic fairy tales of booming economy of eurozone is just that fairy tale.
Fact is inflation raises rapidly and wages fall. Overall production falls. Overall productivity is low anyway as the whole bunch of unproductive administration weighs on effective competitiveness
as those millions of good for nothings must be fed via increased taxes.
Thus fundamentally Trichet has no power to raise rates . All this talk up will go pop and reality rules again.
Oh and this isn't my room u can comment all u like ignore, didn't realise a "trader" with total pkg like u wd be so sensitive about a few wisecracks lol!!
not much excitement there if you think that was an 'outburst'
starting to believe what the eng lasses tell me
I'll leave, didn't mean to come in to your 'room' gun..
Check back my posts a few and would see the last drop from the high was already in the chartz before any news..
It's 2011 now, not 1940.
one more failed attempt counted and the beat goes on.
Ok this aside in the end fundamentals always win over chart noise floor. Euro is doomed.