Registered: Feb 2002
05-23-12 09:13 PM
Quote from Daal:
EUR in free fall, surprise surprise, Grexit is bad for the EUR
Jumping too far ahead here. UNCERTAINTY surrounding Grexit is bad for EUR, as possible Grexit countermove still includes printing like hell / last minute German cave on Euro Bonds.
Above further enhanced by "When all goes to hell, buy U.S. Treasuries" effect.
We've yet to see what the euro will do on a true resolution, final reckoning of Greece in or out etcetera.
p.s. For the record, no euro position (though short Aussie from 10295 and loving it)