Amid the crazy gyrations on Wall Street today is the news that the dollar has hit a 14 month high against the Euro. Oh sure the EU may be circling the drain financially but for we selfish sods this may mean lower snus prices. Lettuce prey.
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Anyone else notice the stock market crashed earlier today? Amid concerns that Europe is going to halt lending for a minute, it fell nearly 1,000 points. Amazing how fragile our investment system is. We could be greece if we don't change course. Our job growth is growing in the public sector but not in the pivate, this is a bad thing long term
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Originally posted by PipenSnus View PostIf China decides to call in its markers, we will be Greece. That's scary.
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Good graphic here:
Europe's Web of Debt
It's like a house of cards.
If following that stuff interests you I suggest 2 links
http://ricefarmer.blogspot.com/
http://www.chrismartenson.com/
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Originally posted by justintempler View PostGood graphic here:
Europe's Web of Debt
It's like a house of cards.
If following that stuff interests you I suggest 2 links
http://ricefarmer.blogspot.com/
http://www.chrismartenson.com/
Yes, a house of cards and the wind is blowing.
A long time ago everyone got the great idea that if we intertwined our economies together, it would discourage war. Like with China, they now stand to lose if they attack us, therefore it won't happen. But the problem is that it has created a giant credit gaggle**** that's now so volatile that if any one of the players goes down, everyone else goes with them.
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