Euro

[AtW]

Dont get me wrong, Id rather be in the Euro than not. I just dont think it would of stopped the mindless "investing" in houses these past few years, and the subsequent pain the ongoing unwind back 3/4 times salary multiples will cause.

By itself being in eurozone would not have stopped house bubble, however I think it would have certainly helped slow it down and prevent it from growing so high.

[Dow Jones]

Su

Don't forget he's 'studied' Economics in the old Soviet Union (one nation, one language, one currency, etc)

[DimPrawn]

A worthless pound is great news for the UK export industry, manufacturing, heavy engineering, car makers, high tech, space industry, electronics etc.

Oh, I just remembered. WE DON'T HAVE ANY.

[sasguru]

Yes. They are slowly but surely becoming the reserve currency, while dollar and pounds are being flushed in the toilet. Short term issues with export will be more than offset by higher demand for euros and greater status of the eurozone - high euro means investing there will earn you some hard currency, not some junk paper.

Based on Germany's temporary boom.

http://www.voxeu.org/index.php?q=node/420

[AtW]

A worthless pound is great news for the UK export industry, manufacturing, heavy engineering, car makers, high tech, space industry, electronics etc.

Oh, I just remembered. WE DON'T HAVE ANY.

Exactly.

[AtW]

Based on Germany's temporary boom.

http://www.voxeu.org/index.php?q=node/420

Let's take Volkswagen - its CEO is a Dr, he has got no-bull PhD, and who were the directors of Rover? Germans managed miracle - rebuild their economy from ruins and taint of nazism while this country outsourced all that stuff elsewhere, then went education since there is no need for PhDs in this country apart from doing dodgy City risk calculations that never work in a long term.

[snaw]

Yes. They are slowly but surely becoming the reserve currency, while dollar and pounds are being flushed in the toilet. Short term issues with export will be more than offset by higher demand for euros and greater status of the eurozone - high euro means investing there will earn you some hard currency, not some junk paper.

FX expertise too. Wow, is there no end to your talents?

[sasguru]

Let's take Volkswagen - its CEO is a Dr, he has got no-bull PhD, and who were the directors of Rover? Germans managed miracle - rebuild their economy from ruins and taint of nazism while this country outsourced all that stuff elsewhere, then went education since there is no need for PhDs in this country apart from doing dodgy City risk calculations that never work in a long term.

Don't recycle your tired old ideas ad nauseum. Address the article above. Or this one:

http://voxeu.org/index.php?q=node/287

[sasguru]

FX expertise too. Wow, is there no end to your talents?

beginning

[AtW]

FX expertise too. Wow, is there no end to your talents?

My young friend, I learnt about inflation of 2100% per annum and value of hard currency while still being in school.