nazb

Showtime for Eurozone and the U.K.

It would have been better if the UK had joined the EU when it had the opportunity.
With the state of the UK economy it is highly unlikely that the UK will meet any of the criteria for entry.
The collapse of the pound and the downturn in the economy is plunging the UK to 3rd world status.
The UK lost its chance to be with a stable currency now it will have to wait to see if it can get out of it's huge financial crisis.

The Race to Zero Interest Rates

No need to give the euro a hard time
at the moment two cents is 0.01 euro which is 100 times less that a euro


On Nov 27 11:37 AM Asbytec wrote:

> Thank you for your comment, puddytat (LOL...nice nic, BTW. Gave me
> a chuckle...)
>
> "DO NOT push down rates in the hope this will stimulate people to
> get into MORE DEBT."
>
> Unfortunately, that's the problem. Debt is money and money is debt.
> I suspect you mean excessive money/debt. I'd agree. Our debt to GDP
> is scary, and probably means collapse. It's impossible to actually
> repay the immense consumer debt. The system must default.
>
> In this case, reducing interest rates just prolongs the inevitable.
> A soft landing is the best possible outcome, in my view. But, the
> markets will have to correct, either now in Bush's waning months
> or on Obama's watch. At the least, I hope Obama works to maintain
> what little wealth we still have.
>
> By the way, for those who argue with Kathy on her dollar outlook,
> one should realize she actually crunches the numbers. Many of the
> rest of us form opinions based on our economic knowledge and from
> market performers like Mr. Buffet and Mr. Rogers. Nothing wrong with
> that, surely. Just, one should listen to the data, too, as Kathy
> does.
>
> My two cents or one euro's worth, whichever...