Posts Tagged ‘Euro falling’
The Euro is a Red Herring!!!
May 21st, 2010 | 
Author: 
“The Euro is falling!” they scream on CNBC. Who cares!? Not me. It’s supposed to be falling. They’ve got too much debt and slowing growth. EUR denominated rates should come down and there is growing risk the European Monetary Union will break up. By themselves, these facts (assertions?) do not have a great deal to do with the US.
Posted in Banking & Finance, Economy | 
Tags: banking system, Bernanke, cash, CNBC, denominated assets, EUR, Euro falling, European banks, European Monetary Union, exchange rate, Fed, fiscal policy, global financial crisis, global stock markets, Greece, Greek sovereign bonds, interbank risk, interest rates, LIBOR, red herring, TED spread, US Dollar, USD, Yen | 
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