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---- EURUSD nosediving


Lovejoy - 12:58 pm on Oct 7, 2008 (gmt 0)


Nobody knows where it all goes from here. The Fed has been propping up the market for over four years with low interest rates and the PPT. This latest problem has left very few countries in good shape ( those that didn't go for "interest only, no money down, subprime mortgages")
The US dollar will likely loose its status as the world currency and the petro dollar. If that happens.....well I don't want to go there..

Lovejoy


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