Euro and British Pound falling, dollar extends rally

[FluffyMcDeath]

This must be the bit where the rest of the world gets a cold. The worlds preeminent consumer can't consume at the same rate anymore. What will the producers do?

Foom! Euro-implosion.

Meanwhile US bank exports losses and avoids taxes.

 

[FluffyMcDeath]

This must be the bit where the rest of the world gets a cold. The worlds preeminent consumer can't consume at the same rate anymore. What will the producers do?

Foom! Euro-implosion.

Meanwhile US bank exports losses and avoids taxes.

 

[FluffyMcDeath]

This must be the bit where the rest of the world gets a cold. The worlds preeminent consumer can't consume at the same rate anymore. What will the producers do?

Foom! Euro-implosion.

Meanwhile US bank exports losses and avoids taxes.

 

[FluffyMcDeath]

This must be the bit where the rest of the world gets a cold. The worlds preeminent consumer can't consume at the same rate anymore. What will the producers do?

Foom! Euro-implosion.

Meanwhile US bank exports losses and avoids taxes.

 

[FluffyMcDeath]

Fortunately you don't need to have money if you produce something of value:
You can go back to the old ways.

Pub beats the credit crunch by allowing punters to barter home-grown food for beer

 

[FluffyMcDeath]

Fortunately you don't need to have money if you produce something of value:
You can go back to the old ways.

Pub beats the credit crunch by allowing punters to barter home-grown food for beer

 

[FluffyMcDeath]

Fortunately you don't need to have money if you produce something of value:
You can go back to the old ways.

Pub beats the credit crunch by allowing punters to barter home-grown food for beer

 

[FluffyMcDeath]

Fortunately you don't need to have money if you produce something of value:
You can go back to the old ways.

Pub beats the credit crunch by allowing punters to barter home-grown food for beer

 

[FluffyMcDeath]

Fortunately you don't need to have money if you produce something of value:
You can go back to the old ways.

Pub beats the credit crunch by allowing punters to barter home-grown food for beer

 

[FluffyMcDeath]

Fortunately you don't need to have money if you produce something of value:
You can go back to the old ways.

Pub beats the credit crunch by allowing punters to barter home-grown food for beer

 

[smithy]

This must be the bit where the rest of the world gets a cold. The worlds preeminent consumer can't consume at the same rate anymore. What will the producers do?

Foom! Euro-implosion.

It'll be interesting to see what happens in world's biggest producer.

edit:
BTW, that Telegraph article you linked to is suggesting Europe's problems is from energy price rises, not lower demand from the US.

 

[smithy]

This must be the bit where the rest of the world gets a cold. The worlds preeminent consumer can't consume at the same rate anymore. What will the producers do?

Foom! Euro-implosion.

It'll be interesting to see what happens in world's biggest producer.

edit:
BTW, that Telegraph article you linked to is suggesting Europe's problems is from energy price rises, not lower demand from the US.

 

[smithy]

This must be the bit where the rest of the world gets a cold. The worlds preeminent consumer can't consume at the same rate anymore. What will the producers do?

Foom! Euro-implosion.

It'll be interesting to see what happens in world's biggest producer.

edit:
BTW, that Telegraph article you linked to is suggesting Europe's problems is from energy price rises, not lower demand from the US.

 

[smithy]

This must be the bit where the rest of the world gets a cold. The worlds preeminent consumer can't consume at the same rate anymore. What will the producers do?

Foom! Euro-implosion.

It'll be interesting to see what happens in world's biggest producer.

edit:
BTW, that Telegraph article you linked to is suggesting Europe's problems is from energy price rises, not lower demand from the US.

 

[smithy]

This must be the bit where the rest of the world gets a cold. The worlds preeminent consumer can't consume at the same rate anymore. What will the producers do?

Foom! Euro-implosion.

It'll be interesting to see what happens in world's biggest producer.

edit:
BTW, that Telegraph article you linked to is suggesting Europe's problems is from energy price rises, not lower demand from the US.

 

[smithy]

This must be the bit where the rest of the world gets a cold. The worlds preeminent consumer can't consume at the same rate anymore. What will the producers do?

Foom! Euro-implosion.

It'll be interesting to see what happens in world's biggest producer.

edit:
BTW, that Telegraph article you linked to is suggesting Europe's problems is from energy price rises, not lower demand from the US.

 

[FluffyMcDeath]

edit:
BTW, that Telegraph article you linked to is suggesting Europe's problems is from energy price rises, not lower demand from the US.

Yup. There's probably a lot to that, but it's not the only thing. I think that article also alluded to the fact that the Fed had plunged their lending rates while the Euro zone kept rates up to fight inflation, so there is a certain amount of dependancy on the Fed's panic rate cut in the face of the US slow down. Furthermore, the US finance industry managed to export a lot of the bad mortgage risk and so the credit crunch is a global phenom. The big problem is that money is dissappearing and new money is not being created to cover needs. That kills a lot of business. If you need to buy materials, process them and then sell them you can put out savings to buy, use savings to produce and get paid a couple of months down the road all while having to come up with more savings to repeat teh cycle before the pay comes in or the system runs on credit with short term borrowing rolling over month by month. If this credit dries up (which it is doing) then even though the industrial capacity is there to continue, the markers for keeping score with all the players have been taken from the board so the game can't go on.

 

[FluffyMcDeath]

edit:
BTW, that Telegraph article you linked to is suggesting Europe's problems is from energy price rises, not lower demand from the US.

Yup. There's probably a lot to that, but it's not the only thing. I think that article also alluded to the fact that the Fed had plunged their lending rates while the Euro zone kept rates up to fight inflation, so there is a certain amount of dependancy on the Fed's panic rate cut in the face of the US slow down. Furthermore, the US finance industry managed to export a lot of the bad mortgage risk and so the credit crunch is a global phenom. The big problem is that money is dissappearing and new money is not being created to cover needs. That kills a lot of business. If you need to buy materials, process them and then sell them you can put out savings to buy, use savings to produce and get paid a couple of months down the road all while having to come up with more savings to repeat teh cycle before the pay comes in or the system runs on credit with short term borrowing rolling over month by month. If this credit dries up (which it is doing) then even though the industrial capacity is there to continue, the markers for keeping score with all the players have been taken from the board so the game can't go on.

 

[FluffyMcDeath]

edit:
BTW, that Telegraph article you linked to is suggesting Europe's problems is from energy price rises, not lower demand from the US.

Yup. There's probably a lot to that, but it's not the only thing. I think that article also alluded to the fact that the Fed had plunged their lending rates while the Euro zone kept rates up to fight inflation, so there is a certain amount of dependancy on the Fed's panic rate cut in the face of the US slow down. Furthermore, the US finance industry managed to export a lot of the bad mortgage risk and so the credit crunch is a global phenom. The big problem is that money is dissappearing and new money is not being created to cover needs. That kills a lot of business. If you need to buy materials, process them and then sell them you can put out savings to buy, use savings to produce and get paid a couple of months down the road all while having to come up with more savings to repeat teh cycle before the pay comes in or the system runs on credit with short term borrowing rolling over month by month. If this credit dries up (which it is doing) then even though the industrial capacity is there to continue, the markers for keeping score with all the players have been taken from the board so the game can't go on.

 

[FluffyMcDeath]

edit:
BTW, that Telegraph article you linked to is suggesting Europe's problems is from energy price rises, not lower demand from the US.

Yup. There's probably a lot to that, but it's not the only thing. I think that article also alluded to the fact that the Fed had plunged their lending rates while the Euro zone kept rates up to fight inflation, so there is a certain amount of dependancy on the Fed's panic rate cut in the face of the US slow down. Furthermore, the US finance industry managed to export a lot of the bad mortgage risk and so the credit crunch is a global phenom. The big problem is that money is dissappearing and new money is not being created to cover needs. That kills a lot of business. If you need to buy materials, process them and then sell them you can put out savings to buy, use savings to produce and get paid a couple of months down the road all while having to come up with more savings to repeat teh cycle before the pay comes in or the system runs on credit with short term borrowing rolling over month by month. If this credit dries up (which it is doing) then even though the industrial capacity is there to continue, the markers for keeping score with all the players have been taken from the board so the game can't go on.