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发表于 2010-1-20 01:28 PM
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Dollar up today is because Greece is killing Euro now. The Dollar up move started when Dubai's financial trouble revealed. European banks loaned too much money to Dubai recent years and got burned ...
ypm968 发表于 2010-1-20 12:14 
Right now market is focusing on Greece's sovereign default risk. However I believe Greece's problem will be resolved. at end of the days Germany & France will bail Greece out. However Germany wants to punish Greece first by forcing it sticking to a very strict fiscal budget plan. Eventually there will be severe deflationary recession in Greece but it will keep its Euro member status.
Greece's fiscal problem is actually very similar to California, allegedly the world's no.7 economy if independent. I am wondering one day when the terminator goes to Washington with begging hands out, what would happen to USD and stock markets? |
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