[quote=FX-Petra;2259533]That is a simple question...but the answer is complex, and unknown. Those who chose correctly stand to make a fortune. There are many factors to consider, but I will present what I believe to be the largest:
Where will Euroland come up with the over 1trillion needed to address its own credit crunch? They have no united taxpayer base like the US has. I have heard some suggest that it may take 2 trillion. The US has coughed up 700 billion, and can get more if pressed. How can Euroland come up with this massive amount of money? Honestly, I don't know. Until that question is answered, it is hard to see how we can have a big Euro rally against the dollar.[/quot
Great post!
This actually makes a lot of sense.Not to mention that Germans said they will not have any intervention like the US bail out!
Where will Euroland come up with the over 1trillion needed to address its own credit crunch? They have no united taxpayer base like the US has. I have heard some suggest that it may take 2 trillion. The US has coughed up 700 billion, and can get more if pressed. How can Euroland come up with this massive amount of money? Honestly, I don't know. Until that question is answered, it is hard to see how we can have a big Euro rally against the dollar.[/quot
Great post!
This actually makes a lot of sense.Not to mention that Germans said they will not have any intervention like the US bail out!