1. Not at all, they just doing the same thing all over. Kick the can down to the road and hope for the best. They agreed to restrain their budgets when joining EU, look what happened? Anyone follow their commitment? And you expect this time will be different?
2. American won't allow it to happen. a. I just print lots USD and lend to you expecting your EURO goes to zero in the future. I, of course, will not allow EURO to go higher in the future so that I lost all my money(Geithner is over Europe now to make sure it is happening according to American's plan). b.Americans had been working on this economic war for 15 years from the first day of EURO and now is so close to suck it dry, of course American will not let go this big piece of meat!
3. Rumor is that FED had been doing QE3 quietly for a while and had printed about 300B so far in last couple months. The more they print the longer and deeper the pain will last!!!
Bottom line for stock, enjoy this ride up as you can, tomorrow(next year) will be ugly!
Nose dive? I don't see it either. If they are really printing money again then it will work into system just like QE3 and hold the market for a while in June and July. Then QE4? we will see...
Nose dive? I don't see it either. If they are really printing money again then it will work into system just like QE3 and hold the market for a while in June and July. Then QE4? we will see...
Watch the link from 荠菜 above, we(local investors/hedge funds) received the same message that there is no exchange, all phony there is no 100B exchange hands, every thing is just ledger on the book, so borrow USD return USD but then your have to write down your EURO on the book because your Euro is only worth $0.30.
Look, There are lots inside and many of them I take it as a rumor, but you can see what is Kyle saying as first hand info. Unless I can proof it in any tangible way, I will not bring it on the table, so there are very limited info that I can share sorry. Just by the surface this economic is not going to survive if we keep going the same path.