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Draghi: Maybe something is lost in translation (even though he's speaking in English), but the...
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Thursday, August 2, 2012, 9:33 AM ETDraghi: Maybe something is lost in translation (even though he's speaking in English), but the man seems confused, saying his remarks last week were meant to convey it's "pointless to go short the euro." The permanence of the euro and the euro's value are two very different things, no? Last week's initial post on his comments.
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put to hedge our equites will run on Hope
perhaps into the jobs # tomorrow if no joy
odds are we go lots lower.
this is what the eurocrats have done since the start of this crisis: make big announcements with a lot of fanfare and then no effective follow-through until it is too late.
project that pattern to its logical conclusion and the eurozone is going to collapse, and the euro is going to zero.