Europe is falling apart---close to bringing the whole world down.

Greece is probably going to leave, other curriencies should strength a bit when the Greeks try to pile all their money into other currencies (knowing that the drachma will be worthless).

But a fiscal union without a political union? I always hoped it might work, but unfortunately now is proving exactly why it doesn't. Imagine a USA with no federal government, and Texas or New York keep squabbling over what the others should do.

 

No idea what you mean to say with your first sentence.

In any case, I wish the people of Europe well, as always. I hope they learn from the consequences of their choices, and I was pleasantly surprised to see that public opinion is in fact shifting in Europe IMO for the better. Very few people have benefited from the Eurozone structure, and the huge majority of European people are at the bottom of that list.

brantonli24 said it - fiscal union without political union, and people are made to believe it's an oversight by some of the most educated economic and political minds in the world. It benefited and can benefit some people, and those people are sun-bathing while Athens burns, and they sit behind their blackberries calling Greeks lazy.

If anyone needs further evidence of the poor utility of this structure, look no further than the types of governments seeking the same structure right now while it's dissolving in Europe. If it was a failure for all, the experiment wouldn't be repeated anywhere. In fact, it was/is a huge success for some types of people, even as we speak. This is why it's so important that public opinion is shifting in Europe, and good for them.

 

Northside Storm, to the casual observer, you appear to be just throwing the negative Europe story du jour against the wall to see if anybody will share your fear. You're acting very alarmist.

To improve your credibility, you can add some commentary to try to put your information in context. Right now you just seem to enjoy trying to spread fear and panic, almost wishing for a Europe meltdown.

 

no -- here's what I want to know. I would like you to go on record to predict what percentage chance of a "European meltdown" has of actually materializing. You can even pick an objective definition of "meltdown".

Then, I would like you to help the board by providing 3 smart investing ideas to capitalize on the meltdown.

TIA

 

internet poster clowning currency traders for lack of knowledge. That's rich. Forex markets are some of the most liquid in the world and will crush you and your high level, non-specific, basic ideas.

your post was not helpful.

 

you're a ******* intern?

good grief I can't believe I'm going back and forth with the coffee brewer in the office

 

It doesn't blow my mind at all, as I figured you were a high school student. My post wasn't a compliment to you.

Regarding requesting my thoughts, I believe the Euro will snap back and gain strength soon once the uncertainty dies down. So my play would be to buy oil and short the USD in the medium term. Other than that I am not going to comment on your alarmist news du jour.

 

No

I asked you to provide investment ideas, and you tried to toss out big words to make yourself sound smart, and then tossed out some vague ideas.

Can you please think about where you're going to pick up lunch for the office tomorrow? And make sure the coffee pot stays full in the afternoon, for crying out loud.

 

I see that Northside Breeze continues to get owned by people who are easily his intellectual superior.

 

Except for the small fact that Europe IS falling apart and he has posted countless articles on the topic, while the only thing those "intellectual superiors" have done is throw out childish insults over and over and completely avoid the actual topic.

 

22-handle on the eurodolla now...

"u can't lose wit 22's!"

 

*Citation Required