tag:blogger.com,1999:blog-3758330678390419129.post1481712923093824726..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Roubini: Debt Restructuring is Coming and so is the End of the EuroRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-3758330678390419129.post-11031339330533162092011-06-17T03:39:25.339-04:002011-06-17T03:39:25.339-04:00I am afraid its not just the Europeans that have l...I am afraid its not just the Europeans that have lived beond their means I think the day of judgement for the U S A is at hand, how many of us are are above waterAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-24768938536689966852011-06-14T19:29:25.915-04:002011-06-14T19:29:25.915-04:00You're looking for some good form of money to ...You're looking for some good form of money to be holding ? Gold. It's real money. It isn't going up in price, it just takes more fiat currency to buy an ounce than it did 10 years ago, because of dollar devaluation. That is put very simply, but it has been a factor regardless.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-52491746925794856402011-06-14T17:31:17.462-04:002011-06-14T17:31:17.462-04:00European countries have lived beyond their means f...European countries have lived beyond their means for decades. Now it is the time reckoning. Europeans can no longer live "good life" on debt/ credit any more. The longer it takes for the bubble to burst, the more painful process it will be. After the bubble bursts, European countries will live a standard of living much lower than today. The current debt will be paid by next generations Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-21605869379876087062011-06-14T12:56:53.631-04:002011-06-14T12:56:53.631-04:00to convert the CHF at this point is silly. Short E...to convert the CHF at this point is silly. Short EUR/USD if you dont feel comfortable being in Euros. <br />I am short the pair but it has been a grind. End of QE many world markets rolling over. (I think we get 20% correction) could be a safe bet at these prices. A lot more will be know by next week with the bailout. If there is gonig to be a private participation Euro could grind to 1.20 beforeAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-57080954535114654422011-06-13T09:45:57.523-04:002011-06-13T09:45:57.523-04:00Being an Europe-based day trader, I have most of m...Being an Europe-based day trader, I have most of my capital in euros. I've been thinking about converting it to Swiss francs, but find it somewhat difficult to do when the pair has fallen so much. However, it seems like EURCHF is not going to go up anyway, so any advice? Should I just convert my funds to euro at this 1.2ish rate? <br /><br />Thanks and have a great week!TRnoreply@blogger.com