Tuesday, Feb 09, 2010
Tick tick tick
Money week: Forget Greece - the real debt crisis is still to come
In short, it'll be very nasty. But this is small beer compared to some of the debt time bombs that are ready to go off around the rest of the world.
Posted by happy mondays @ 06:32 AM (231 views) Add Comment
1 Comment
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1. debtfree said...
"Traders and hedge funds have bet nearly $8bn (€5.9bn) against the euro, amassing the biggest ever short position in the single currency on fears of a eurozone debt crisis."
http://www.ft.com/cms/s/0/0330ba78-149f-11df-9ea1-00144feab49a.html?nclick_check=1
If traders and hedge funds have the tools to bring down a currency... this is madness...a sort of economic warfare.
Is it feasible that Americans could be attacking parts of the euro to save the greenback ?