Quote:
Originally Posted by christiangirl
Things may be getting slightly better...at least where I am. On the whole, I think it'd be more accurate to say things aren't necessarily getting better but have just stopped getting worse.
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Not a bad way to put it christiangirl.
Currency devaluation was a huge influence today as everyone and their dog where short the Euro. Today, Euro levels fell to levels not seen since 2006 as investors appear to be pricing in fears of a global deflationary spiral. Another factor throwing the Euro lower was a report that Nicholas Sarkozy, French President, allegedly threatened to pull France out the Euro currency if Germany didn't get totally on board with the "Bail Out" bus. There are definitely some high political tensions going on abroad. As an interesting note, French banks are the largest holders of Greek debt (by a landslide) and any currency they use is anticipated to go down periscope.
Here's a good article from Yahoo that sums up exactly what Christiangirl is saying.
http://finance.yahoo.com/news/6-Thin...84008.html?x=0
Cheers,
Boodleboy322
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