Currency Swaps

Dec 2007
477
14
Jax beach FL
For decades Europe has counted on the decline of the dollar to reduce borrowing costs. Now that lots of itty-bitty borrowers have been caught out by the Greek crisis causing the Euro to drop defaults are starting to follow. Given PIIGS this problem should snowball over the next year. Though I would start this thread and see how it goes.
 

michaelr

Former Staff
Dec 2006
89,668
6,643
FEMA Region 10
[quote name='william the wierd' date='20 April 2010 - 05:00 PM' timestamp='1271808024' post='141618']

For decades Europe has counted on the decline of the dollar to reduce borrowing costs. Now that lots of itty-bitty borrowers have been caught out by the Greek crisis causing the Euro to drop defaults are starting to follow. Given PIIGS this problem should snowball over the next year. Though I would start this thread and see how it goes.

[/quote]

Swaps brought down the PIIGS nations, and the feds are heavily invested in them. It will bring down the dollar, whats left of it.



Say Freddie and Fannie bailout.......again, and again, and again......
 
Dec 2007
477
14
Jax beach FL
[quote name='michaelr' date='20 April 2010 - 08:02 PM' timestamp='1271808178' post='141621']

Swaps brought down the PIIGS nations, and the feds are heavily invested in them. It will bring down the dollar, whats left of it.



Say Freddie and Fannie bailout.......again, and again, and again......

[/quote]

It will be rather explosive.
 
Sep 2007
4,553
254
You guys are making me believe that I should make my getaway sooner than later. I have friends in Shanghai that have said recently I could move there and work for them.
 
Dec 2007
477
14
Jax beach FL
[quote name='Goldwater' date='21 April 2010 - 01:26 AM' timestamp='1271827612' post='141659']

You guys are making me believe that I should make my getaway sooner than later. I have friends in Shanghai that have said recently I could move there and work for them.

[/quote]

you should look at the prospects of China first.
 
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